$900,000
$949,900
5.3%For more information regarding the value of a property, please contact us for a free consultation.
1144 Arcade ST Saint Paul, MN 55106
9,583 Sqft Lot
Key Details
Sold Price $900,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Eastville Heights
MLS Listing ID 5700091
Sold Date 12/03/21
Year Built 1926
Annual Tax Amount $14,434
Tax Year 2020
Contingent None
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 122 x 80 (both PIDs)
Property Description
Opportunity to make a Single Purchase with 10 sources of Income, FULLY LEASED. 4 commercial suites, 4 Residential Apartments, a Single Family Home and commercial signage on roof. Each has a lease in place earning over $100,000 a year with renewal for Billboards coming and opportunities for rent increases in Spring. All residential units and home were refurbished 2 years ago, and all commercial leases have renewed. Updated mechanicals and systems. This is a walk on part, immediate income. 2nd floor has 4 apartments with dual access. Main floor storefronts have direct access and signage, completely built out with long time tenants (2nd tenant has grown to encompass the 3rd suite as well). 2 Billboards with long term contracts. All leases and Chattel are fully transferable at closing. Excellent location, Brand New Developments of last few years, retail have filled adjacent lots on North. These include CVS, Walgreens, Brand New Strip & Restaurants. INVESTORS ARE SPENDING HERE.
Location
State MN
County Ramsey
Zoning Business/Commercial
Rooms
Basement Full
Interior
Heating Boiler, Hot Water
Cooling Wall Unit(s), Window Unit(s)
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Parking Features Attached Garage, Asphalt, Concrete, Heated Garage
Garage Spaces 4.0
Utilities Available Electric Separate, Heating Common, Hot Water Separate
Roof Type Age Over 8 Years
Present Use Automotive,Commercial,Office,Professional Service,Residential
Building
Foundation 3190
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Block,Brick/Stone
Schools
School District St. Paul
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