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$985,000  (list price)
$865,000
/mo Edit
Commercial:  Apartments/Retail
Built 1928
0.14 acres
St. Paul schools
MLS# 5246374
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    Property 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%.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55108
    Neighborhood/Area: Como

    Interior

    Building Finished Area: 6,500 ft2
    Appliances Included: Cooktop
    Basement Details: Full

    Exterior

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

    Lot

    Acres: 0.14
    Geolocation: 44.98169500, -93.16212000
    Lot Dimensions: IRREGULAR
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Irregular Lot
    • Tree Coverage - Light

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

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Primary Investments, LLC .
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.