For Sale: Saint Paul MLS# 6551180
Active
$2,600,000
Commercial: Office,Retail
Built 1923
0.34 acres
St. Paul schools
MLS# 6551180
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Property Description
Introducing 611 Grand Ave, a prime commercial property in the heart of Saint Paul's bustling Historic Hill District. Home to six thriving businesses, this historic property has been a community fixture for over 80 years, drawing loyal patrons and steady foot traffic from nearby shops, restaurants, and cafes on Grand Avenue. It offers an excellent opportunity for investors with its reliable rental income and potential for a Historic Tax Credit Rehabilitation project. Seller is willing to offer a contract for deed with $1 million down and $9, 000 monthly paymentsâ??a rare chance to own this sought-after asset in a vibrant, high-demand location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,600,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1923
State:
MN
Property Style:
Office, Retail
Zip Code:
55102
Neighborhood/Area:
Summit Hill
Subdivision Name:
Terrace Park Add to, The C
Interior
Basement Details:
Block
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
14,895 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal
Heating System:
Forced Air
Parking Features:
Guest Parking
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.34
Geolocation:
44.940208008, -93.1259310027
Inclusions:
Fixture/Equipment
Lot Dimensions:
0
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$91,626
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$92,294
Units
Total Units:
10
Miscellaneous
Current Use:
- Professional Service
- Professional/Office
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.