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Active Contingent
Listed
$1,000,000
/mo   Edit
MLS# 5142371
1440 Arcade Street
Saint Paul, MN 55106
Commercial
Built 1955
0.51 acres
St. Paul schools
Info: 763-576-8286
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    Description:   WELCOME TO THE 1440 ARCADE BUSINESS CENTER. Located on the corner of Wheelock Pkwy and Arcade (Hwy 61) on the south/west corner of Lake Phalen. The property is located on one of the busiest intersections in the area with over 12, 000 cars/day! The Arcade Business Center is home to a variety of 10 local businesses.
    List Price: $1,000,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active Contingent
    Contingency: Inspection
    Year Built: 1955
    Neighborhood/Area: Payne-Phalen
    City: Saint Paul
    Zip Code: 55106

    Interior

    Building Fin Sq Ft: 15,960 ft²
    Appliances Included: None
    Basement Details: None

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 10,000 ft²
    Shared Amenities: None
    Unit Amenities: None
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: Partially Wheelchair
    Exterior Material: Wood, Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 35
    Roof Details: Asphalt Shingles, Pitched

    Lot

    Acres: 0.51
    Lot Description: Corner Lot, Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 44.98440600
    Longitude: -93.06566300
    Lot Size Dim.: 179X125X178X125
    Dev/Complex Name: Lanes Phalen Grove Add
    Zoning: Business/Commercial

    Schools

    School District: 625 - St. Paul
    District Phone: 651-767-8100

    Expenses

    Annual Gross Expense: $55,862
    Owner Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Snow, Lawn
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $17,902
    Assessment Pending: No
    Taxes w/ Assessments: $17,902

    Income

    Annual Gross Income: 153600.00

    Rent

    Annual Net Income: $97,737

    Unit

    Total Units: 10

    Miscellaneous

    Current Use: Restaurant, Business Service, Professional Service, Office, Retail
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected, City Sewer - In Street
    Water System: City Water/Connected

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    Jeff
    Zajac
    TruStone
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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Edina Realty, Inc.