Historic Minnesota Bank Transformed Into Home Has Now Been Sold

Duluth has a lot of historic properties that are rich in history, but this recent listing may be the most original one ever to hit the market.

Since it was built in 1918, it certainly has plenty of history, but this property stands out because it was originally built as a bank for Duluth's Morgan Park.

Now, after years of renovations, it was transformed into a private residence that maintains much of the bank's charm and history. You'll likely love what they did with the safety deposit box vault!

The property went on the market in August 2024 for $499,000. It was sold in October for under that asking price. Take another look through the property and see the final sale price.

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Historic Minnesota Bank Transformed Into Home Has Now Been Sold

Duluth is home to some unique, rich-with-history homes, and it's always cool to check them out when they hit the market.

However, a home that hit the market at the end of August 2024 may be the most unique yet as it's the former historic bank building in Duluth's Morgan Park.

The 2,530-square-foot historic bank building was built in 1918, and over the past two years, it has been masterfully transformed into a turn-key private residence with one bedroom and five baths. All of the interior finishings and cabinetry have been custom-built or made to complete this transformation, along with the main floor bath, which includes a walk-in closet.

As much as the bank has been transformed, I think it's cool that they maintained some of the character of the bank including the original intact and functioning vaults with safety deposit boxes, gates, the original historic drinking fountain, and even a bulletproof glass overlook from the loft above. Did I mention the property includes 4 city lots and a 17,000-square-foot asphalt parking lot?

Other amenities include:

Walls that are at least 20" thick reinforced concrete
A lower level featuring high ceilings with additional living space and extra storage
A large drive-in basement garage with a huge workshop area.
An on-demand wall-mounted hot water tank inside
Finishing tuckpointing of the exterior bricks

You'll also love what they did with the 'Customer Vault'!

The home initially went on the market for $499,000, but it was sold in October for less than that asking price. Take another look through this cool property and see what they paid in the last picture.

Gallery Credit: David Drew