1044 W 7th St W
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1044 W 7th St W
4,725 SF 1% Leased Retail Building Saint Paul, MN 55102 $700,000 ($148/SF)
Executive Summary
High traffic location. 3000sq ft of warehouse: drive in door, storefront possible (windows and doors already in), heated and cooled, up to 12 ft ceilings. Store front: 1700 sq ft., counter area, ADA baths, offices. Good parking on and off street. Warehouse lease is month to month. Storefront lease is until 9/30/24.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,072
|
$12.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,072
|
$12.08
|
| Taxes |
$15,158
|
$3.21
|
| Operating Expenses |
$1,881
|
$0.40
|
| Total Expenses |
$17,039
|
$3.61
|
| Net Operating Income |
$40,033
|
$8.47
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $57,072 |
| Annual Per SF | $12.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,072 |
| Annual Per SF | $12.08 |
| Taxes | |
|---|---|
| Annual | $15,158 |
| Annual Per SF | $3.21 |
| Operating Expenses | |
|---|---|
| Annual | $1,881 |
| Annual Per SF | $0.40 |
| Total Expenses | |
|---|---|
| Annual | $17,039 |
| Annual Per SF | $3.61 |
| Net Operating Income | |
|---|---|
| Annual | $40,033 |
| Annual Per SF | $8.47 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,725 SF
Building Class
C
Year Built
1919
Price
$700,000
Price Per SF
$148
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Land Acres
0.16 AC
Zoning
B2
Parking
5 Spaces (1.06 Spaces per 1,000 SF Leased)
Frontage
71 FT on 7th Street West
Amenities
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-28-23-41-0009 | Total Assessment | $505,500 |
| Land Assessment | $101,600 | Annual Taxes | $15,158 ($3.21/SF) |
| Improvements Assessment | $403,900 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-28-23-41-0009
Land Assessment
$101,600
Improvements Assessment
$403,900
Total Assessment
$505,500
Annual Taxes
$15,158 ($3.21/SF)
Tax Year
2023
-
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1044 W 7th St W
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