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33542491
33542514

609 Dale Street N, Saint Paul, MN 55103

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial
$495,000
1 day on market
Updated 1 day ago
Opportunity zone

609 Dale Street North

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 4,320
Units 4
NOI $84,588
Occupancy 100%
Tenancy Multi
Price per SqFt $115
Year Built 1928
Buildings 1
Lot Size (SqFt) 3,200
Zoning B2 - Community Business
Parking Spaces 4 spaces
Parking Per SqFt 0.93
Investment Type Stabilized
Ground Lease No

Mixed Use | 2 Apartments + 2 Retail Spaces

Marketing description

609 Dale is the Perfect Stable 4-Unit Mixed-Use (Retail/Apartment) Investment Property recently Remodeled and Fully Leased! All units are occupied, but the leases allow for flexibility for an Owner/User in the Retail spaces and an apartment. Located in the heart of St. Paul, the 609 Dale features two Retail Tenants, Yoga Studio and a Yarn Shop, plus two 2nd level 2 bed/1 bath Apartments.

Perfect 1031 Exchange replacement property or for the investor looking to add another quality asset to their portfolio. Unit Interiors have been fully remodeled along with extensive renovations on the exterior with tuck pointing and painting.

Great Visibility with a 4 car parking lot in the rear + ample on street parking in front on Dale.

This property is generously zoned B2 Community Business with ~4,320 gross building square feet. Great semi-finished basement space for storage and use by the main level Yarn Shop Retail tenant. Tenants are responsible for the own electric, boiler heat paid for by Landlord.

Please reach out to Listing Broker, Hayden Hulsey, CCIM, for rent roll/expenses and to schedule a tour with 24+ hour notice required. Thanks for looking!

Investment highlights

  • 4 Units Total: 2 Retail spaces + 2 Apartments
  • Mixed-Use Investment Property in solid St. Paul location just south of 94
  • Perfect for an Investor, 1031 Exchange Replacement, or Owner/User with ability to occupy
  • Many updates inside & out
  • Zoned B2 community Business with lots of uses permitted
  • 4 Parking spaces in rear lot included in sale
  • Strong Traffic Counts of 15,300 VPD
  • Annual Gross Income: ~$84,588

Listing Contacts

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,588.00
$7,049.00/mo

Valuation Metrics

0
DSCR
17.09%
Cap Rate
17.09%
ROI

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Additional Information

Name
Hayden Hulsey, CCIM
License
MN 40266763
Brokerage
RE/MAX Results
Title
Commercial & Investment Broker
Brokerage Address
748 Grand Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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