$148,000
$250,000
40.8%For more information regarding the value of a property, please contact us for a free consultation.
879 Rice ST Saint Paul, MN 55117
8,712 Sqft Lot
Key Details
Sold Price $148,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Mckentys Out Lts To, St Paul
MLS Listing ID 6222395
Sold Date 01/27/23
Year Built 1888
Annual Tax Amount $7,729
Tax Year 2022
Contingent None
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 164.5 x 52
Property Description
Great opportunity to purchase this mixed-use building as either owner-occupied or an investment for positive cash flow. The main floor operates as a bar and the apartment on the upper level needs improvement. The main-floor tenant pays $2,000 per month and the lease expires in 8-31-2025. The billboard on the roof has a lease with income of $2,522.47 and it expires on 10-31-2026. Total income is $2,210/mo. 12 on site parking spaces. Zoned T2 – Traditional Neighborhood. Stand-alone, corner lot on Milford & Rice Streets with 4 lots. Main floor is full bar. Upstairs apartment has a kitchen, a large living room, a half bathroom with space to add a shower. Buyer may renovate the upper level to add more income.
Location
State MN
County Ramsey
Zoning Business/Commercial
Rooms
Basement Full, Stone/Rock, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Cooktop, Freezer, Range, Refrigerator
Exterior
Parking Features Asphalt, Paved, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Flat
Present Use Commercial,Other,Retail,Bar/Tavern
Building
Lot Description Corner Lot
Foundation 1449
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District St. Paul
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