842 Rice Street Saint Paul, MN $ 2,300,000
842 Rice Street
$ 2,300,000
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842 Rice Street

Saint Paul, MN, 55117
$ 2,300,000
Baths0.0 Sq 17,203

Monthly Estimate*

$ 16,066

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Studio

Commercial Property for sale in Saint Paul, MN

for $2,300,000. This 17,203 square foot building was built in 1890 on a lot size of 0.23.

Great investment opportunity. All units are brand new with stainless steel appliances, high ceilings lots of light. Property is near downtown and will cash flow. The vacant commercial space can be used to run your business or lease up.

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Commercial Active

Price

$ 2,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,574

Style

Mixed Use

Lot Size

0.23

Year Built

1890

Town/City

Saint Paul

County/Region

Ramsey

MLS | Web ID

6454150

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate
Roof Flat
Appliances Range Refrigerator Stainless Steel Appliances
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1890
Tenant Pays Cable TV Electricity Fuel Gas
Levels Three Or More
Property SubType Mixed Use
Tax Year 2023
Current Use Commercial Residential
Gross Income 234920
Accessibility Lowered Switches/Controls
County Ramsey
Net Operating Income 188190
Insurance Expense 8000
Property Type Commercial Sale
Contingency None
Subdivision Name Lewis Add To St Paul
Possible Use Office Professional Service Restaurant Retail Shop Grocery Investment Medical
Directions EAST ON 94 TO MARION TAKE A LEFT AT LIGHT AND FOLLOW MARION TO RICE ST. TURN LEFT ON RICE STREET TO ATWATER AND PROIPERTY IS ON RIGHT SIDE
City Saint Paul
Buyer Agent Compensation 2.00
High School District St. Paul
Zoning Description Business/Commercial Residential-Multi-Family
Total Units 11
Street Name Rice
Land Lease Y/N N
Tax Annual Amount 11574
Trash Expense 2400
Water Sewer Expense 8600
Additional Parcels Y/N N
Days on Market 113
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Lot
Lot Features Infill Lot
Water Source City Water/Connected
Inclusions Building Leases Rental License
Lot Size Area 0.23
Building Area Total 17203
Lot Dimensions 10019
Lot Size Units Acres
Foundation Area 4665
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Street Suffix Street
Fuel Natural Gas
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Internal Only
Street Number 1 842
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* Excluded Features
List By
Exp Realty

Broker

bobmanuelinvestments@gmail.com

Email

Affordability Calculator

$17,031
Per Month
94%
6%
0%
Monthly Principal & Interest
$16,066
Monthly Property Taxes
$965
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
709337 Elementary School
708288 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/7/2023$2,300,000 Listed Price

Map


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842 Rice Street, Saint Paul, MN, 55117 is a Commercial Property for sale at $2,300,000 with 17,203 sqft and a lot size of 0.23. 842 Rice Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 55117 which is in Saint Paul, MN