$1,900,000
White Bear Lake, MN 55110
MLS# 6490658
1 / 8
Property Description
Portfolio of 2 retail properties with storage units in a central location of White Bear Lake and home to several successful businesses. These properties could be investment or owner-occupant opportunities with active income in place; each building has a vacant unit for a business owner to occupy and properties can be sold separately. This property is surrounded by a large residential community offering a unique opportunity for businesses to flourish. 4070 WBA has a residential apartment on the second floor. The flexible zoning district allows a wide array of permitted uses including both retail and office.
Details
Maps
Documents
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Status: Active
Current Price: $1,900,000
Original List Price: 1900000
Contingency: None
ListPrice: 1900000
List Date: 2024-02-09
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1972
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5084
For Sale or Lease: For Sale
Lot Dimensions: 190 X 160
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: LOT 6 BLOCK 7 REARRANGEMENT OF WHITE BEAR PARK
Map Page: 95
Municipality: White Bear Lake
Rental License?: No
School District Phone: 651-407-7500
Map Coordinate Source: King's Street Atlas
House Number: 4066
Street Name: White Bear
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: White Bear Lake
Country: US
County: Ramsey
State: MN
Zip Code: 55110
Zip Plus 4: 4305
Property ID Number: 2630221200140013
Tax Year: 2023
Tax Amount: 5536
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Portfolio of 2 retail properties with storage units in a central location of White Bear Lake and home to several successful businesses. These properties could be investment or owner-occupant opportunities with active income in place; each building has a vacant unit for a business owner to occupy and properties can be sold separately. This property is surrounded by a large residential community offering a unique opportunity for businesses to flourish. 4070 WBA has a residential apartment on the second floor. The flexible zoning district allows a wide array of permitted uses including both retail and office.
Directions: CORNER OF WHITE BEAR AVE & COUNTY RD F
Assessments
Tax With Assessments: 5536
Building Information
Building Finished SqFt: 5084
Income and Expenses
Annual Gross Expenses: 12570
Annual Gross Income: 59100
Annual Insurance Expense: 1500
Annual Maintenance Expense: 500
Annual Net Income: 12570
Annual Trash Expense: 1200
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27123
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building,Business,Land,Leases
Unit Details
Total Units: 6
Property Features
Accessible: None
Amenities Unit: Natural Woodwork; Security System
Assumable Loan: Not Assumable
Basement: Partial
CMU Style: Mixed Use; Office; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Business Service; Commercial; Food Service; Other; Residential
Exterior: Stucco; Wood
Fencing: Other
Fuel: Natural Gas
Heating: Forced Air; Space Heater
Loan Terms: Cash; Contract for Deed; Conventional; Other
Miscellaneous Information: 220 Volt
No. of Ranges: One
No. of Refrigerators: One
On Site Utilities: Heating Separate
Owner Pays: Insurance; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Uncovered/Open
Rent Rate per Foot: Other
Roof: Age Over 8 Years
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Fuel; Janitorial Service
Water: City Water/Connected
4066-4070 White Bear - Brochure (compres Listing Office: eXp Realty
Last Updated: March - 20 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
