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Joe Skime
507-313-3035
201 Concord Exchange N, South Saint Paul, MN 55075
0 Beds
0 Baths
n/a sqft

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Currently there are 6 tenants with 70% vacancy (35 vacant rooms and 3 vacant open spaces). Huge potential for a lot more income! The 6 tenants have gross yearly income of $28,660. The tenants are a mortgage company, a title company, a real estate company, a message parlor, a marketing company, etc. All the tenants are on a M to M lease.The lease sqfts are going for $12/sqfts. Two level and 2 basement (one basement is finish and one is not). The city would like the owner to open a restaurant, therefore there is a vacant area for a restaurant if needed. One tenant leased the finished basement. Owner pays all utilities and maintenance including garbage. Building has 10 bathrooms. 36 parking spaces are rented from the city which the seller pays $234/mo. Buyer my lease more parking space from the city if needed. The skyway & the large parking lot belong to the city. Next to parking lot will be an apartment building (to be built). NEW roof & NEW AC. Two PIDs: 367285004200 and 367285004240
  • Price:
  • $1,200,000
  • Acreage:
  • 0.39
  • Year Built:
  • 1903
  • Listing ID #:
  • 5197412
  • Street Address:
  • 201 Concord Exchange N
  • City:
  • South Saint Paul
  • State:
  • Minnesota
  • Postal Code:
  • 55075
  • County:
  • Dakota
  • Listing Status:
  • Active
  • Ease Of Access:
  • Grab Bars In Bathroom, Partially Wheelchair, Other
  • Exterior Features:
  • Brick/Stone
  • Number Of Units:
  • 44
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1903
  • Conforms To Zoning:
  • Business/Commercial
  • Existing Land Use:
  • Commercial, Office, Professional Service, Business Service
  • Lot Description:
  • Corner Lot, Other
  • Road Frontage:
  • City, Paved Streets, Curbs, Sidewalks
  • Included In Sale:
  • Building, Leases
  • Property Taxes:
  • $20,220
  • Tax Year:
  • 2018
  • Cooling System:
  • Central
  • Existing Water:
  • City Water/Connected
  • Heating:
  • Forced Air, Hot Water
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • City Sewer/Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By RE/MAX Results
  • MINNE

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