Last Sold Price
8 beds8,064 sqft$80/sqft
850 Spring Lake Rd, Cloquet, MN 55720

Description

This well maintained 8-plex is on the market for the first time ever! With a strong rental history, this centrally located building sits on a large property and could be your next big investment. The building is fully electric heat, and tenants pay their apt electric. Detached garages in the back, coin op laundry room, and plenty of off-street parking for the tenants. Don't let this opportunity pass! Offer deadline midnight 7/18/24.This well maintained 8-plex is on the market for the first time ever! With a strong rental history, this centrally located building sits on a large property and could be your next big investment. The building is fully electric heat, and tenants pay their apt electric. Detached garages in the back, coin op laundry room, and plenty of off-street parking for the tenants. Don't let this opportunity pass! Offer deadline midnight 7/18/24.
LISTING CLOSED: 08/31/2024 12:00 AM

  1. Listed by Aiden Bachand • Bachand Realty
    P: (218) 390-9594 aiden@bachandgroup.com

Property Details for 850 Spring Lake Road

Status
MLS #
6114899
Days on Compass
4
Taxes
$10,690 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi-Family 5+
Year Built
1977
Lot Size
0.90 AC / 39,204 SF
Waterfront YN
No

Recent comparable sales

Median sold price

$599,000

Avg days on market

42

Sale-to-list ratio

95.1%

[Cloquet, MN]

9 comparable properties found

$550,000 | 102 10th Street, Cloquet, MN 55720
1/31
1

$550,000

Sold 02/25/25

8
Bedrooms
5,400
Square Feet
0.13
Acres
$660,000 | 1 Park Place, Cloquet, MN 55720
2

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Bedrooms
6,600
Square Feet
4.4
Acres
$700,000 | 1517 Mayon Way, Cloquet, MN 55720
1/61
3

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4
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4,289
Square Feet
5.37
Acres
$540,000 | 1572 White Pine Trail, Cloquet, MN 55720
4

$540,000

Sold 03/28/25

4
Bedrooms
2,594
Square Feet
1.82
Acres
$742,000 | 1501 20th Street, Cloquet, MN 55720
1/35
5

$742,000

Sold 06/30/25

4
Bedrooms
3,272
Square Feet
3.34
Acres
$405,000 | 2138 Doddridge Avenue, Cloquet, MN 55720
6

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Sold 03/31/25

5
Bedrooms
5,348
Square Feet
0.51
Acres
$560,000 | 405 Linda Lane, Cloquet, MN 55720
1/45
7

$560,000

Sold 08/04/26

4
Bedrooms
2,589
Square Feet
0.4
Acres
$599,000 | 2521 Otter Creek Drive, Cloquet, MN 55720
1/51
8

$599,000

Sold 05/02/25

5
Bedrooms
3,760
Square Feet
1.5
Acres
$750,000 | 2605 Walter Avenue, Cloquet, MN 55720
1/42
9

$750,000

Sold 10/15/25

7
Bedrooms
5,099
Square Feet
7
Acres

Location

Listing Courtesy of Bachand Realty

Sold By Bachand Realty

Add your commute

Building Information for 850 Spring Lake Road

Stories2Residences8Year Built1977Building Size-Lot Size0.90 AC / 39,204 SF

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$4,190 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,299

Property Taxes

$891

HOA Dues

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Property Information for 850 Spring Lake Road

Summary
Location and General Information
  • Directions: Traveling North on HWY 33 take a left onto Big Lake Rd. Then take a right onto Spring Lake Rd, property will be on the right hand side on the corner of Spring Lake and Prospect Ave W. Lot extends down Prospeect Ave W and takes up the entire block. See associated docs for parcels.
  • Latitude: 47
  • Longitude: -92
  • MLSArea Major: LSAR
  • Road Frontage Type: City Street
Parking
  • Garage Spaces: 8.0
  • Garage Features: Slab
  • Garage Type: Detached,Multiple
  • Parking Features: Off Street, Asphalt
School Information
  • High School District: Cloquet #94
Taxes and HOA
  • Association YN: No
  • Parcel Number: 06-100-0122, 06-100-0120
  • Tax Annual Amount: $10,690.00
  • Tax Legal Description: PT OF LOT 1 COM AT PT ON W LIN 105 FT N OF SW COR OF SD LOT AS PT, EX COM AT PT ON W LIN OF LOT 105 FT N OF SW COR AS PT OF BEG TH S
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Finished Area: 8064.0
  • Below Grade Finished Area: 0.0
  • Living Area: 8064.0
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.9
  • Lot Size Dimensions: 122 x 146 + 110 x 180
  • Basement Square Feet: ***
  • Condo Type: Other
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 52 x 76
Property and Assessments
  • Possession: Immediate
  • Property Sub Type: Multi-Family 5+
  • Property Type: Residential Income
  • Year Built: 1977
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Multi Family
Multi Family Information
  • Number Of Units Total: 8
Unit Information
Unit 1
  • Unit Appliances: Range/Stove,Refrigerator
  • Unit Full Bathrooms: 1
  • Unit Leased: Yes
  • Unit Lease Expiration Date: 2024-09-30
  • Unit Level: Lower
  • Unit Number: Unit A
  • Unit Square Footage: 600
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Full Bathrooms: 1
  • Unit Leased: Yes
  • Unit Lease Expiration Date: 2024-12-31
  • Unit Level: Lower
  • Unit Number: Unit B
  • Unit Square Footage: 600
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Full Bathrooms: 1
  • Unit Leased: Y-M2M
  • Unit Level: Upper
  • Unit Number: Unit C
  • Unit Square Footage: 600
  • Unit Type Actual Rent: $790.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Section 8 Voucher.
  • Unit Type Type: Unit 3
Unit 4
  • Unit Full Bathrooms: 1
  • Unit Leased: Y-M2M
  • Unit Level: Upper
  • Unit Number: Unit D
  • Unit Square Footage: 600
  • Unit Type Actual Rent: $820.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Section 8 Voucher
  • Unit Type Type: Unit 4
Unit 5
  • Unit Type Type: Unit 5
Unit 6
  • Unit Type Type: Unit 6
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Wood
  • Exterior Features: Deck, Patio
  • Foundation Details: Concrete
  • Roof: Asphalt Shingle
  • Stories Total: 2
Interior Features
  • Appliances: Range, Refrigerator
  • Basement: Partial
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 16
  • Heating: Electric
  • Laundry Features: Coin Operated Owned, 2nd Floor
  • Basement Features: Utility Room
  • Mechanicals: Water Heater - Electric
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2024-07-15
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Minnesota Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Occupant Type: Rental
  • Tenant Pays: Internet, Cable TV, Electricity

Property History for 850 Spring Lake Road

DateEvent & SourcePriceAppreciation
Aug 31, 2024

Sold

Lake Superior Area REALTORS #6114899

$649,000
Jul 19, 2024

Pending

Lake Superior Area REALTORS #6114899

Jul 15, 2024

Listed (Active)

Lake Superior Area REALTORS #6114899

$649,000
DateEvent & SourcePrice
08/31/2024

Sold

Lake Superior Area REALTORS #6114899

$649,000
07/19/2024

Pending

Lake Superior Area REALTORS #6114899

07/15/2024

Listed (Active)

Lake Superior Area REALTORS #6114899

$649,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 850 Spring Lake Road

Taxable ValueLand$51,900Additions$456,100Total$508,000
Tax Record2026$11,078 ($923 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCARLTONAPN06-100-0122

Schools near 850 Spring Lake Road

This home is within Cloquet Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 4

Churchill Elementary School
PublicPK to 4

Cloquet Middle School
Public5 to 8

Cloquet Senior
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 850 Spring Lake Road, Cloquet, MN 55720
$649,000
8
8,064
39,204
$312,000
3
1,254
13,068
21,131
$330,000
6
2,808
19,602
$12,500
$21,000
2
1,254
11,761

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bachand Realty

Based on information submitted to the MLS GRID as of 09/09/2025 03:41 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.