609 Dale Street North
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
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