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609-611 N Dale St N 4,320 SF 100% Leased Retail Building Saint Paul, MN 55103 $495,000 ($114.58/SF)
Investment Highlights
- 4 Units Total: 2 Retail spaces + 2 Apartments
- Zoned B2 community Business with lots of uses permitted
- Strong Traffic Counts of 15,300 VPD
- Perfect for an Investor, 1031 Exchange Replacement, or Owner/User with ability to occupy
- 4 Parking spaces in rear lot included in sale
- Annual Gross Income: ~$84,588
Executive Summary
609 Dale is the Perfect Stable 4-Unit Mixed-Use (Retail/Apartment) Investment Property recently Remodeled and Fully Leased! All units are occupied, but the leases allow for flexibility for an Owner/User in the Retail spaces and an apartment. Located in the heart of St. Paul, the 609 Dale features two Retail Tenants, Yoga Studio and a Yarn Shop, plus two 2nd level 2 bed/1 bath Apartments.
Perfect 1031 Exchange replacement property or for the investor looking to add another quality asset to their portfolio. Unit Interiors have been fully remodeled along with extensive renovations on the exterior with tuck pointing and painting.
Great Visibility with a 4 car parking lot in the rear + ample on street parking in front on Dale.
This property is generously zoned B2 Community Business with ~4,320 gross building square feet. Great semi-finished basement space for storage and use by the main level Yarn Shop Retail tenant. Tenants are responsible for the own electric, boiler heat paid for by Landlord.
Please reach out to Listing Broker, Hayden Hulsey, CCIM, for rent roll/expenses and to schedule a tour with 24+ hour notice required. Thanks for looking!
Perfect 1031 Exchange replacement property or for the investor looking to add another quality asset to their portfolio. Unit Interiors have been fully remodeled along with extensive renovations on the exterior with tuck pointing and painting.
Great Visibility with a 4 car parking lot in the rear + ample on street parking in front on Dale.
This property is generously zoned B2 Community Business with ~4,320 gross building square feet. Great semi-finished basement space for storage and use by the main level Yarn Shop Retail tenant. Tenants are responsible for the own electric, boiler heat paid for by Landlord.
Please reach out to Listing Broker, Hayden Hulsey, CCIM, for rent roll/expenses and to schedule a tour with 24+ hour notice required. Thanks for looking!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,320 SF
Building Class
C
Year Built
1928
Price
$495,000
Price Per SF
$114.58
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.42
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B2 - Community Business
Parking
4 Spaces (0.93 Spaces per 1,000 SF Leased)
Frontage
32’ on Dale St
Amenities
- Signage
- Storage Space
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-29-23-11-0214 | Improvements Assessment | $340,800 |
| Land Assessment | $19,200 | Total Assessment | $360,000 |
Property Taxes
Parcel Number
35-29-23-11-0214
Land Assessment
$19,200
Improvements Assessment
$340,800
Total Assessment
$360,000
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