For Sale: Saint Paul MLS# 6808082
Active
NEW!
$350,000
Commercial: Other
Built 1925
0.11 acres
St. Paul schools
MLS# 6808082
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Property Description
This mixed-use property features one retail or office space and two residential units, offering both immediate cash flow and long-term upside. The commercial unit spans approximately 1, 200 square feet and is ideal for retail, office, or service-based businesses, with a projected market rent of up to $1, 300 per month. The residential units include a spacious two-bedroom, one-bath apartment and a well-designed studio apartment, projected to rent for $1, 300 and $850 per month respectively. Together, the property produces a potential gross monthly income of $3, 450 and an annual gross of $41, 400, making it an attractive income-producing investment based on the income approach.
Positioned directly on the light rail line and along the newly constructed Gold Line rapid transit corridor, this property stands at the intersection of accessibility and future growth. The Saint Paul Downtown Alliance and the City of Saint Paul have launched an ambitious initiative to repurpose downtown office buildings into 20, 000 to 30, 000 new residential units. This plan is expected to drive increased ridership, local business activity, and urban revitalization, creating a ripple effect that will make properties along the Gold Line even more valuable in the years to come.
Beyond its strong fundamentals, the property’s flexibility adds a unique layer of opportunity. The commercial space could be leased traditionally or adapted for specialized use, while the residential units could also serve as short-term or mid-term rentals catering to business travelers and transit users. Investors seeking additional scale have the option to acquire the adjoining property at 365 Earl Street for a package sale, further enhancing income potential and property value.
In short, this mixed-use building offers more than stable returns; it provides a foothold in one of Saint Paul’s most strategically positioned transit corridors. With reliable cash flow today and significant appreciation potential tied to the city’s long-term development plan, this property represents both solid investment performance and promising future upside.
Buyer agent to verify all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1925
State:
MN
Property Style:
Other
Zip Code:
55106
Neighborhood/Area:
Dayton's Bluff
Subdivision Name:
Scottens Sub Of B71 Lyman Day
Exterior
Garage Spaces:
0
Other Parking Spaces:
4
Foundation Size:
4,712 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Gravel
- On-Street Parking Only
- Open
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.11
Geolocation:
44.952502, -93.056091
Inclusions:
Building, Fixture/Equipment, Leases, Rental License
Lot Dimensions:
38 x 124
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,656
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,656
Units
Total Units:
1
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier 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.