BuyIncomeProperties.com Your #1 Income Property Resource.
No Money Down Real Estate Investing Course
Learn How To
Buy Income Properties Without Risk,
Good
Credit,
Money
Or Tenants! Click here for more information
10,500 SF Commercial Residential Property Close to Downtown
Property Description
Commercial - Residential property (zoned B2) on the West Side of St. Paul. This building is built like a fortress, and there is a lot of potential here. The foundation & first floor is 3,896 sf each, with 4 - one BR apts., laundry, & storage units on the second floor. The commercial could be 2 or more units, or as it's certified now for one large commercial with an adjacent 3 BR apartment/owner's quarters. Building would be great for offices, retail, daycare, rehab center, pharmacy, grocery store, restaurant, or other use that would compliment the area or those passing through it. The property is ideal for someone who wants/needs to live on site. There is 10,544 sf total.
This brick, stone, & black marble building was built in the 30's. The original commercial space has over 2,000 sf of marble floors, and the north & west additions are prestressed concrete with basement. The 1st floor ceilings are 10 1/2'H. The property is approx. 110'W x 150'D with a park-like back yard. New roof, boiler, & water heater in '02. There is also a 28'W x 46'L greenhouse/garage/accessory building, which could be removed for additional parking. The property is homesteaded.
Location Description:
Approx. 2 miles south of DT St. Paul in the Cherokee/Riverview area. Property is on a bus line, truck route, & snow emergency. The building is located on a fairly busy street (3,000+ cars/day). This residential area has 5+ blocks of mixed uses, including a nice laundromat, convenience store, auto repair, bakery, food shelf, & Dairy Queen. There is a new street, curb, boulevard, sidewalk, parking lot, and a fire hydrant in front.
More information and photos available on request. This property is for sale by owner. Let's negotiate. I will consider a 1031 exchange on a smaller West St. Paul commercial-residential, but must be debt free. If needed, agent selected, and will pay 2.7% to selling agent.
All information provided by the listing agent/broker
or by the seller is deemed reliable, but is not guaranteed and should
always be independently verified.
Receive the Free
Newsletter, Monthly Listings of Income Properties for
Sale
