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Active
$569,000
/mo Edit
Commercial:  Apartment,Mixed Use,Business,Low Rise,Office,Retail
Built 1904
0.12 acres
St. Paul schools
MLS# 6532063
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    Property Description

    MIXED USE property & biz for sale, with the ability to own and operate the Liquor Store immediately if desired. Great opportunity to buy a building and take over the existing liquor store. You will need to obtain your own liquor license if you decide to run the liquor store. Or buy the building and let somebody else open a liquor store or any other business. Previous liquor store owner was paying $1800/mo in rent. Included in the sale is: 2 apartments on the upper level, a large kitchen used to prep food for the bar next door, a liquor store on the main level, and a finished storage and office space on the lower level. Liquor store has tenants ready to sign 5 year lease for $2, 000/mo if desired. Kitchen space is leased for $850/mo (lease ends 4/30/2024 then month to month). Apt #1 is leased for $1, 100/mo (lease ends 11/30/2023 then month to month). Apt #2 is leased for $978/mo (month to month lease). Rear parking lot for 4-6 cars.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Apartment, Mixed Use, Business, Low Rise, Office, Retail
    Zip Code: 55106
    Neighborhood/Area: Dayton's Bluff
    Subdivision Name: Scottens Sub Of B71 Lyman Day

    Interior

    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details:
    • Finished
    • Full
    • Storage Space

    Exterior

    Stories: Two
    Other Parking Spaces: 6
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 2,480 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Asphalt
    • Paved
    • Unassigned
    Unit Amenities:
    • Balcony
    • Hardwood Floors
    • Kitchen Window
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Brick/Stone
    • Metal Siding
    • Stucco
    Roof Details:
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.12
    Geolocation: 44.9525, -93.056243
    Inclusions: Building, Business Assets, Fixture/Equipment, Inventory, Rental License
    Lot Dimensions: 43 x 126
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

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

    Expenses

    Annual Fuel Expense: $6,595
    Annual Gross Expense: $10,074
    Annual Water/Sewer Expense: $3,478
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $5,506
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,506

    Income

    Annual Gross Income: $56,746

    Rent

    Annual Net Income: $46,673

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Commercial
    • Event Space
    • Food Service
    • Office
    • Professional Service
    • Residential
    • Retail
    • Vacant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate
    Water System: City Water/Connected

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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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.