$1,325
$1,325
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4,356 Sqft Lot
SOLD DATE : 03/12/2021
Key Details
Sold Price $1,325
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Sheldon Grove Add To, The
MLS Listing ID 5701306
Sold Date 03/12/21
Year Built 1915
Annual Tax Amount $5,684
Tax Year 2020
Contingent None
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 4269
Property Description
Second generation restaurant that is great for doing take-out in the Midway Neighborhood. There is a kitchen with hood, sinks, and a storage room. Owner is willing to have the storage room repainted and replace the tile floor on the hallway. This retail space can be a cafe, coffee shop, donut shop, or bakery. The current tenant has been there for 5 or 6 years and his lease expires at the end of May 2021. The new lease can start in June 2021. Rent is $1,325/mo and the tenant pays for water, electricity, gas, maintenance, lawncare and snow removal. Owner prefers a 3 to 5 years lease. Near the light rail, new MN United soccer stadium, CanCan Wonderland, Blackstack Brewery, the new Capitol Region Watershed District Headquarters, residential homes, shops, and much more. Currently the hood is not working and the fire suppression system is not up to code which may cost about $20,000 to fix. The owner doe not plan to fix it. The tenant may have that fixed if they like.
Location
State MN
County Ramsey
Zoning Other
Interior
Heating Baseboard, Boiler, Other
Cooling Window Unit(s)
Fireplace No
Appliance Exhaust Fan
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Roof Type Age Over 8 Years,Pitched
Present Use Food Service,Restaurant,Retail
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Foundation 888
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Shake Siding,Stucco,Vinyl Siding
Schools
School District St. Paul
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