36-42 S Dale St
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36-42 S Dale St
11,578 SF 100% Leased Retail Building Saint Paul, MN 55102 $2,600,000 ($225/SF)
Investment Highlights
- Heavy Day Time Foot Traffic
- Excellent Visibility and Accessibility in a Vibrant, Dynamic Community.
- Long-Term Tenants
Executive Summary
Introducing 611 Grand Ave, a premier commercial property in the affluent neighborhood of Saint Paul, MN. This historic strip, a community fixture for over 80 years, is surrounded by popular shops, restaurants, and cafes, ensuring high foot traffic. The property is home to six established businesses, all 100% occupied, providing a reliable rental income stream. Zoned B2, the community business district is intended to serve a larger consumer population, characterized by a cluster of establishments generating large volumes of vehicular and pedestrian traffic. With a vibrant atmosphere and a diverse mix of national and local tenants, this is an exceptional opportunity to invest in a lucrative asset with endless potential in the heart of Saint Paul.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$92,294
|
$7.97
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$92,294
|
$7.97
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $92,294 |
| Annual Per SF | $7.97 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $92,294 |
| Annual Per SF | $7.97 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,578 SF
Building Class
C
Year Built
1923
Price
$2,600,000
Price Per SF
$225
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.78
Land Acres
0.34 AC
Zoning
B2 - CommB2 Commercial/Industrial
Parking
10 Spaces (0.86 Spaces per 1,000 SF Leased)
Frontage
104 FT on Grand Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-28-23-32-0037 | Total Assessment | $2,776,700 (2023) |
| Land Assessment | $750,000 (2023) | Annual Taxes | $92,294 ($7.97/SF) |
| Improvements Assessment | $2,026,700 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-28-23-32-0037
Land Assessment
$750,000 (2023)
Improvements Assessment
$2,026,700 (2023)
Total Assessment
$2,776,700 (2023)
Annual Taxes
$92,294 ($7.97/SF)
Tax Year
2024
-
Deanna Doyle -
Coldwell Banker Commercial Realty
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36-42 S Dale St
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