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Sold
Sold
$1,000,000  (list price)
$975,000
/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
    Sold Price: $975,000
    Sold Date: 08/22/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    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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    Listing provided by RMLS, courtesy of Edina Realty, Inc.