Property Description
Excellent Investment Opportunity ? Child Care Center Building! The owner has invested over $300,000 in renovations, creating a well-appointed facility ready for continued use as a child care center. The property is currently leased for $8,000 per month with a 5-year lease term and an option to renew for an additional 5 years. The tenant is responsible for all utilities, providing the owner with a favorable expense structure. A strong opportunity for an investor seeking a leased commercial property with established income and significant improvements already completed.
Property Features
Property Type: Commercial - Office
Basement: Yes
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.29 Acres
Taxes: $18,410
Year Built: 1964
Feature Descriptions
Basement: Full
Current Use: Office
Days on Site: 33
Foundation Size: 4400
Handicap Accessible: Reduced Height Counters, Wheelchair Ramp(s)
Lot: Corner Lot
Lot Dimensions: 99x123
Parcel#: 322922110119
Parking: Open
Sale Includes: Building, Leases
Sewer: City Sewer/Connected, City Sewer - In Street
Units: 1
Utilities: Heating Common
Water: City Water/Connected, City Water - In Street
Local Schools
School District: St. Paul
Listed By / Shown By
Listed By
Agency Name: Northstar Real Estate Associates
Agency Phone: 651-451-2850
Shown By
Agent Name: Your Realtor Blake
Agent Phone: Cell: (612) 503-4981
Agency Title: Counselor Realty
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651 Arcade Street | MLS# 7152891
This commercial property located at 651 Arcade Street, Saint Paul, MN 55106 is currently listed for sale with an asking price of $1,050,000. Arcade Street is located within the St. Paul school district. Search Saint Paul real estate on bwallace.counselorrealty.com today.