For Sale: White Bear Lake MLS# 6490658
Active
$1,900,000
Commercial: Mixed Use,Business,Office,Retail
Built 1972
White Bear Lake schools
MLS# 6490658
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,900,000
Property Type:
Commercial
City:
White Bear Lake
Garage Spaces:
0
County:
Ramsey
Year Built:
1972
State:
MN
Property Style:
Mixed Use, Business, Office, Retail
Zip Code:
55110
Interior
Ranges:
One
Refrigerators:
One
Basement Details:
Partial
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
5,084 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Space Heater
Parking Features:
Open
Unit Amenities:
- Natural Woodwork
- Security System
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
Age Over 8 Years
Lot & Land
Geolocation:
45.063366, -93.015051
Inclusions:
Building, Business, Land, Leases
Lot Dimensions:
190 X 160
Zoning:
Business/Commercial
Schools
School District:
624
District Phone:
651-407-7500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$500
Annual Gross Expense:
$12,570
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Janitorial Service
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$5,536
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$5,536
Income
Annual Gross Income:
$59,100
Rent
Annual Net Income:
$12,570
Units
Total Units:
6
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Food Service
- Other
- Professional/Office
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate
Water System:
City Water/Connected
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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 eXp 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.