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For Sale:  Saint Paul MLS# 6551180

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Active
$2,600,000
/mo Edit
Commercial:  Office,Retail
Built 1923
0.34 acres
St. Paul schools
MLS# 6551180
952-200-9239
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    Property Description

    Introducing 611 Grand Ave, a prime commercial property situated in the bustling neighborhood of Saint Paul, MN. Boasting an excellent location, this property is currently home to thriving businesses. With a vibrant atmosphere, proximity to popular shops, restaurants, and cafes on Grand Avenue, and a steady rental income stream, this commercial property is an ideal choice for investors seeking a lucrative and sought-after asset in the heart of Saint Paul. This historic strip has been a fixture in the community for over 80 years; and is incredibly patronized by loyal and new customers daily. 6 businesses operate at the Merchants of Crocus Hill. Don't miss your chance to own this exceptional property with established tenants and endless potential. Historic Hill District: The property is considered as a contributing resource to the Historic Hill District, which is on the National Register of Historic Places (NRHP). As such, it could be a candidate for a Historic Tax Credit Rehabilitation project, as long as it maintained integrity.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $2,600,000
    Property Type: Commercial
    City: Saint Paul
    County: Ramsey
    Year Built: 1923
    State: MN
    Property Style: Office, Retail
    Zip Code: 55102
    Neighborhood/Area: Summit Hill
    Subdivision Name: Terrace Park Add to, The C

    Interior

    Basement Details: Block

    Exterior

    Other Parking Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 14,895 ft2
    Handicap Accessible: No Stairs External, No Stairs Internal
    Heating System: Forced Air
    Parking Features: Guest Parking
    Exterior Material: Wood Siding

    Lot & Land

    Acres: 0.34
    Geolocation: 44.940208008, -93.1259310027
    Inclusions: Fixture/Equipment
    Lot Dimensions: 0
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $91,626
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $92,294

    Units

    Total Units: 10

    Miscellaneous

    Current Use:
    • Professional Service
    • Professional/Office
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.