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Active
Listed
$985,000
/mo   Edit
MLS# 5246374
Commercial
Built 1928
0.14 acres
St. Paul schools
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    Description:   Building completely renovated in 2005 with new mechanical, roof and windows. Zoned B2. Restaurant at this location for 13+ years. 5000 sq/ft commercial, 1250 sq/ft Apartment and 250 sq/ft conditioned storage space with 2 car attached garage. Just blocks away from Como Zoo, the State Fairgrounds and the express bus to the new Allianz Field. Commercial Tenant pays ALL expenses other than taxes. Net Operating income is $80K with a cap rate over 8%.
    List Price: $985,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments/Retail
    Year Built: 1928
    Neighborhood/Area: Como
    City: Saint Paul
    County: Ramsey
    State: MN
    Zip Code: 55108

    Interior

    Building Fin Sq Ft: 6,500 ft²
    Appliances Included: Cooktop
    Basement Details: Full

    Exterior

    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 2,500 ft²
    Shared Amenities: None
    Unit Amenities: Porch, Natural Woodwork, Hardwood Floors, Tiled Floors, Washer/Dryer Hookup
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 2
    Other Parking Spaces: 3

    Lot

    Acres: 0.14
    Lot Description: Tree Coverage - Light, Irregular Lot, Corner Lot
    Latitude: 44.98169500
    Longitude: -93.16212000
    Lot Size Dim.: IRREGULAR
    Zoning: Business/Commercial

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: $17,852
    Total Annual Expenses: $17,852
    Annual Trash Expense: None
    Tenant Expenses: Electricity, Fuel, Cable TV, Insurance, Water, Repairs, Trash Collection, Snow Removal, Grounds Care

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $14,252
    Assessment Pending: No
    Taxes w/ Assessments: $14,252

    Income

    Annual Gross Income: $97,874

    Rent

    Annual Net Income: $80,022

    Unit

    Total Rooms in Unit 2: 1
    Total Units: 2

    Miscellaneous

    Current Use: Restaurant, Commercial
    Fuel System: Natural Gas
    Owner Occupied: No
    Sale Includes: Building, Land
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Roaldson
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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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