201 Concord Exchange N, South St. Paul

$1,200,000

0 Beds
0 Baths
3,500 Sqft
.39 Acres
0 Garages

Currently there are 6 tenants with 70% vacancy (35 vacant rooms and 3 vacant open spaces). Huge potential for a lot more income! The 6 tenants have gross yearly income of $28,660. The tenants are a mortgage company, a title company, a real estate company, a message parlor, a marketing company, etc. All the tenants are on a M to M lease.The lease sqfts are going for $12/sqfts. Two level and 2 basement (one basement is finish and one is not). The city would like the owner to open a restaurant, therefore there is a vacant area for a restaurant if needed. One tenant leased the finished basement. Owner pays all utilities and maintenance including garbage. Building has 10 bathrooms. 36 parking spaces are rented from the city which the seller pays $234/mo. Buyer my lease more parking space from the city if needed. The skyway & the large parking lot belong to the city. Next to parking lot will be an apartment building (to be built). NEW roof & NEW AC. Two PIDs: 367285004200 and 367285004240

Essential Information
MLS® #5197412
Price$1,200,000
Square Footage3,500
Acres0.39
Year Built1903
TypeCommercial
Sub-TypeOffice, Other
StyleOffice, Other
StatusActive
Community Information
Address201 Concord Exchange N
SubdivisionStockyards Rearrangement
CitySouth St. Paul
CountyDakota
StateMN
Zip Code55075
Garages

Uncovered/Open, Driveway - Asphalt, Unassigned

Interior
HeatingForced Air, Hot Water
CoolingCentral
Exterior
ExteriorBrick/Stone
Lot DescriptionCorner Lot, Other
RoofFlat
Foundation15000
School Information
District6 - South St. Paul
Additional Information
Date ListedMarch 9th, 2019
Days on Market159
ZoningBusiness/Commercial
Listing Details
OfficeRE/MAX Results
LISTING MAP

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Listing information last updated on August 17th, 2019 at 3:20pm CDT.

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