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4466 Centerville Rd 5,200 SF Retail Building White Bear Lake, MN 55127 $975,000 ($187.50/SF)



Investment Highlights
- High Ceilings
- Easy Access
- Off-Street Parking
- Great Visibility
- Many Recent Updates
- Apartments with strong rental histories
Executive Summary
Versatile and Well-appointed mixed-use building. Main Floor Currently set up as a restaurant and catering kitchen. Could be adapted to new concept, or taken over as catering/restaurant operation. Walk-in Refrigerator and Freezer, fully-operational hood & bar top, ice-maker, business office and additional common restroom upstairs are all in-place. Or, Could be creative space, gallery, showroom, classrooms, retail outlet, co-working, designer, or architect. High ceilings, private restrooms, off-street parking with opportunity to lease space from adjacent property to the north provide opportunity for so many options. The two upstairs apartments come with many recent updates. Both are currently leased. Metered Electric Service in both apartments. Owner provides Heat, shared, internet, trash service and water. Great opportunity for a small business to acquire a building and have income day one!! Just south of 96 and just off 35e. Easy to get to and highly visible. Building Signage Opportunity. Minutes to downtown White Bear Lake.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1983
Price
$975,000
Price Per SF
$187.50
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.30 AC
Zoning
Business/Commercial - Just south of 96 and just off 35e. Easy to get to and highly visible. Building Signage Opportunity. Minutes to downtown White Bear Lake.
Parking
14 Spaces (2.68 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-30-22-12-0021 | Total Assessment | $453,700 (2025) |
| Land Assessment | $67,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $386,400 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
21-30-22-12-0021
Land Assessment
$67,300 (2025)
Improvements Assessment
$386,400 (2025)
Total Assessment
$453,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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4466 Centerville Rd
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