2040 Saunders Avenue Saint Paul, MN ^$ 1,870,000

2040 Saunders Avenue

^$ 1,870,000

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2040 Saunders Avenue

Saint Paul, MN, 55116

^$ 1,870,000

Studio Baths0.0 Sq 11,457

Monthly Estimate*

^$ 13,063

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2040 Saunders Avenue, Saint Paul, MN 55116 - Image 10

2040 Saunders Avenue, Saint Paul, MN 55116 - Image 11

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Studio

Commercial Property for sale in Saint Paul, MN

for $1,870,000. This 11,457 square foot building was built in 1950 on a lot size of 0.53.

17 (10 1 BR and 7 Studios) Unit building in Highland Park! 1 mile from the Mississippi River. Perfect central location of the Twin Cities just minutes from shopping, dining, and close to public transportation, and major highways. Building sits on a large lot with 17 Garages allowing for an extra income stream!

Commercial Active

Price

^$ 1,870,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 37,869

Style

Apartment

Lot Size

0.53

Year Built

1950

Town/City

Saint Paul

County/Region

Ramsey

MLS | Web ID

6501904

Features

General

Sewer City Sewer/Connected

Heating Boiler

Cooling Wall Unit(s)

Utilities Heating Common Hot Water Common

Garage Spaces 17

Construction Materials Brick/Stone

Year Built 1950

Tenant Pays Cable TV Electricity

Property SubType Apartment

Tax Year 2024

Current Use Commercial Residential Resort

Gross Income 197798

Accessibility None

County Ramsey

Net Operating Income 111696

Property Type Commercial Sale

Contingency None

Directions FORD PKWY TO CLEVELAND SOUTH 4 BLKS TO SAUNDERS

City Saint Paul

Buyer Agent Compensation 2.00

High School District St. Paul

Zoning Description Business/Commercial Residential-Multi-Family

Total Units 17

Street Name Saunders

Land Lease Y/N N

Tax Annual Amount 37869

Additional Parcels Y/N N

Days on Market 20

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Detached

Water Source City Water/Connected

Inclusions Building Land Leases Rental License

Lot Size Area 0.53

Building Area Total 11457

Lot Dimensions irregular

Lot Size Units Acres

Foundation Area 1

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Garage Square Feet 0

Internal Only

Street Number 1 2040

* Excluded Features

List By

Coldwell Banker Realty

Broker

kirk.kenneally@cbburnet.com

Affordability Calculator

$16,218

Per Month

Monthly Principal & Interest: $13,063
Monthly Property Taxes: $3,156
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Commerical listings in Saint Paul, MN

Average List Price ^$832,091

Percent of Sale Price 56%

About Saint Paul, MN

306,135 Population

7% Since 2002

^$52,510 Median Income

34.29 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709337 Elementary School

708288 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$1,870,000	-8.33%	Price Down
3/21/2024	$2,040,000		Listed Price

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2040 Saunders Avenue, Saint Paul, MN, 55116 is a Commercial Property for sale at $1,870,000 with 11,457 sqft and a lot size of 0.53. 2040 Saunders Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 55116 which is in Saint Paul, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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2040 Saunders Avenue

Commercial Property for sale in Saint Paul, MN

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