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Active
$595,000
/mo Edit
Commercial:  Business,Office,Other
Built 1886
0.1 acres
St. Paul schools
MLS# 6482799
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    Property Description

    Highly visible commercial building on 7th Street West and James Avenue, zoned B-2. Five units plus unfinished lower level. Main level with storefront windows, half bath, storage and public areas. Upper level with 4 separate units. Utilities currently paid by owner. Forced air with 2 furnaces, central air. Separate entrance for the upper level units. Flooring is ceramic tile, hardwood or laminate. Brick/block exterior. On busline.

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Business, Office, Other
    Zip Code: 55102
    Neighborhood/Area: West Seventh
    Subdivision Name: City Bank Rearrangement

    Interior

    Ceiling Height: 11-15
    Ranges: None
    Refrigerators: None
    Appliances Included: None
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Other Parking Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 2,641 ft2
    Foundation Dimensions: 56x65x9x67x20
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Unit Amenities:
    • Hardwood Floors
    • Natural Woodwork
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Block
    • Brick/Stone
    Roof Details: Flat

    Lot & Land

    Acres: 0.1
    Geolocation: 44.927559, -93.127261
    Inclusions: Building, Land, Leases
    Lot Dimensions: 63 x 8 x 97 x 73
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Irregular Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Electric Expense: $510
    Annual Fuel Expense: $7,735
    Annual Insurance Expense: $5,418
    Annual Maintenance Expense: $1,690
    Annual Gross Expense: $48,705
    Annual Trash Expense: $7,354
    Annual Water/Sewer Expense: $768
    Tenant Expenses: Cable TV

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $17,540
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $17,540

    Income

    Annual Gross Income: $85,730

    Rent

    Annual Net Income: $37,025

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Office
    • Other
    • Professional Service
    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

    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 Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.