For Sale: Saint Paul MLS# 7127982
Active
NEW!
$1,250,000
Commercial: 2 Stories
Built 1914
0.101 acres
St. Paul schools
MLS# 7127982
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Property Description
A rare opportunity to own the real estate, an established operating restaurant, and five income producing residential units — all in one! This well-established University Avenue property has been family owned and operated since 1986 with the big-ticket improvements are already done: roof replaced within the last 5 years, exterior siding improvements, updated commercial kitchen, new hood system, and two commercial freezers make this an exceptional turnkey opportunity from day one.
Zoned T2 with flexible zoning and light rail access right at the doorstep, this 5, 008 SF building sits on a high-traffic stretch of University Avenue with multiple income streams and long-term upside. Whether you're an owner-operator running the restaurant yourself or an investor collecting rent, this property delivers strong income potential. Step into an established business with loyal clientele, five leased residential units producing steady cash flow, and major capital expenditures already behind you.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,250,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1914
State:
MN
Property Style:
2 Stories
Zip Code:
55104
Neighborhood/Area:
101
Subdivision Name:
Milton Add
Interior
Appliances Included:
Stainless Steel Appliances
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Width:
0
Foundation Size:
1,678 ft2
Foundation Dimensions:
55x25x16x20
Handicap Accessible:
Other
Heating System:
Boiler
Parking Features:
Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.101
Geolocation:
44.955396, -93.136679
Inclusions:
Building, Business
Lot Dimensions:
37 x 119
Zoning:
Business/Commercial
Schools
School District:
625
District Phone:
6517678100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,994
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,994
Units
Total Units:
6
Miscellaneous
Current Use:
Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.