See all 9 photos
$148,000
$250,000 40.8%
Est. payment /mo
8,712 Sqft Lot
Sold on 01/27/2023
879 Rice ST Saint Paul, MN 55117
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UPDATED:
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
Year Built 1888
Annual Tax Amount $7,729
Tax Year 2022
Lot Size 8,712 Sqft
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
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Asphalt, Paved, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Flat
Building
Lot Description Corner Lot
Foundation 1449
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District St. Paul
Listed by Yu Jie Chen • RE/MAX Results
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