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Active
$1,100,000
/mo Edit
Commercial:  Business,Duplex Other,Duplex Up and Down,Office,Retail
Built 1940
0.22 acres
St. Paul schools
MLS# 6551077
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    Property Description

    Vogels Bar & Lounge plus an up & down duplex could be yours! This local bar has great advocates, it is like the Eastside "Cheers"! Lots of potential for more income, as the lounge has a vacant apartment above it. 24 hour notice, Buyers must be PRE APPROVED. Both units in the duplex are occupied. This is a package deal, the Duplex & Vogels Bar/Lounge, $1, 100, 000. Great opportunity to own two income producing properties with tremendous future earnings!111

    Listing

    Contingency: None
    City: Saint Paul
    County: Ramsey
    State: MN
    Property Style: Business, Duplex Other, Duplex Up and Down, Office, Retail
    Zip Code: 55106
    Neighborhood/Area: Payne-Phalen
    Subdivision Name: Eastville Heights

    Interior

    Ceiling Height: 8-10
    Refrigerators: Six or More
    Basement Details: Brick/Mortar

    Exterior

    Stories: Two
    Garage Spaces: 2
    Other Parking Spaces: 12
    Foundation Size: 648 ft2
    Foundation Dimensions: 36x19
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • Guest Parking
    • More Parking Offsite for Fee
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material:
    • Engineered Wood
    • Stucco
    • Vinyl Siding
    • Wood Siding
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.22
    Geolocation: 44.975067, -93.065773
    Inclusions: Building, Business Assets, Business, Fixture/Equipment
    Lot Dimensions: 80 x 122
    Addl Parcels: 282922220150
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 625
    District Phone: 651-767-8100

    Expenses

    Annual Gross Expense: $43,053

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $7,038
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,038

    Income

    Annual Gross Income: $162,028

    Rent

    Annual Net Income: $68,441

    Units

    Total Units: 4

    Miscellaneous

    Current Use: Bar/Tavern
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Professionals.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.