$379,900
Saint Paul, MN 55130
MLS# 6513558
2 beds | 4 baths
1 / 36
Property Description
Very rock solid mixed use commercial located at the heart of east side Saint Paul. 3 finished units, 4th unfinished but was originally part of the upper right unit. Can be converted into one large unit or left as-is. Lower unit facing Payne is retail use, zoned B2 with a well established company leasing. 1 detached garage. Flat roof, corner lot and completely visible.
Details
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $379,900
Contingency: None
ListPrice: 379900
List Date: 2024-04-03
Owner is an Agent?: Yes
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 2
Baths Total: 4
Foundation Size: 2400
Garage Stalls: 1
For Sale or Lease: For Sale
Acres: 0.05
Lot Dimensions: 0x0
Location, Tax and Other Information
Legal Description: LOT 10 BLK 4
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District Phone: 651-767-8100
House Number: 1082
Street Name: Payne
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55130
Zip Plus 4: 1025
Property ID Number: 292922120069
Complex/Dev/Subdivision: Holterhoff & Meads Add
Tax Year: 2024
Tax Amount: 8187.08
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Very rock solid mixed use commercial located at the heart of east side Saint Paul. 3 finished units, 4th unfinished but was originally part of the upper right unit. Can be converted into one large unit or left as-is. Lower unit facing Payne is retail use, zoned B2 with a well established company leasing. 1 detached garage. Flat roof, corner lot and completely visible.
Directions: Magnolia Ave E and Payne Ave.
Assessments
Assessment Balance: 112.92
Tax With Assessments: 8300
Building Information
Building Finished SqFt: 3360
Building SqFt: 3360
Income and Expenses
Annual Fuel Expense: 3312
Annual Gross Expenses: 17228
Annual Gross Income: 39180
Annual Insurance Expense: 2400
Annual Net Income: 21146
Annual Repair Expense: 1500
Annual Trash Expense: 1600
Annual Water/Sewer Expense: 1600
Total Annual Expenses: 17228
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 12 X 20
Garage Square Feet: 240
Public Survey Info
Range#: 22
Section#: 29
Township#: 29
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Level: 2nd Level
Unit Total SqFt: 980
Leased?: Yes
Lease Expiration Date: 2024-04-05
Unit 2
No. of 2 Bedroom Units: 1
Full Baths: 1
Lease Expiration Date: 2024-04-05
Leased?: Yes
Level: 2nd Level
Three-Quarter Baths: 1
Total Bathrooms: 2
Total Rooms: 5
Unit Number: 2
Unit Total SqFt: 570
Unit 3
Full Baths: 1
Leased?: No
Level: Main Level
Total Bathrooms: 1
Total Rooms: 2
Unit Number: 3
Unit Total SqFt: 460
Unit Details
Total Units: 4
Unit Information
No. of Efficiency Units: 2
Property Features
Accessible: Doors 36"+; Grab Bars In Bathroom
Air Conditioning: Window
Amenities Shared: None
Appliances: Range; Refrigerator
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Commercial; Residential
Exterior: Stucco; Wood
Fuel: Natural Gas
Heating: Hot Water; Radiator
Loan Terms: Cash; Conventional; Special Funding
On Site Utilities: Electric Separate
Parking Characteristics: Attached Garage
Potential Use: Grocery; Lounge/Bar; Professional; Rest/Lounge; Retail; Shop
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Exterior Maintenance; Janitorial Service; Lawn; Telephone
Water: City Water/Connected
Listing Office: Creative Results
Last Updated: May - 04 - 2024
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