For Sale: Saint Paul MLS# 6551180
Active
$2,600,000
Commercial: Office,Retail
Built 1923
0.34 acres
St. Paul schools
MLS# 6551180
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Property Description
Introducing 611 Grand Ave, a prime commercial property in the heart of Saint Paul's bustling Historic Hill District. Home to six thriving businesses, this historic property has been a community fixture for over 80 years, drawing loyal patrons and steady foot traffic from nearby shops, restaurants, and cafes on Grand Avenue. It offers an excellent opportunity for investors with its reliable rental income and potential for a Historic Tax Credit Rehabilitation project. Seller is willing to offer a contract for deed with $1 million down and $9, 000 monthly payments—a rare chance to own this sought-after asset in a vibrant, high-demand location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,600,000
Property Type:
Commercial
City:
Saint Paul
County:
Ramsey
Year Built:
1923
State:
MN
Property Style:
Office, Retail
Zip Code:
55102
Neighborhood/Area:
Summit Hill
Subdivision Name:
Terrace Park Add to, The C
Interior
Basement Details:
Block
Exterior
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
14,895 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal
Heating System:
Forced Air
Parking Features:
Guest Parking
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.34
Geolocation:
44.940208008, -93.1259310027
Inclusions:
Fixture/Equipment
Lot Dimensions:
0
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$91,626
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$92,294
Units
Total Units:
10
Miscellaneous
Current Use:
- Professional Service
- Professional/Office
- Restaurant
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
Mortgage Calculator
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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.
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!
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.