201 Concord Exchange N, South St. Paul, 55075

Commercial - Office, Other For Sale in Stockyards Rearrangement

$1,200,000

Beds
Baths
3,500Sqft
.39Acres
1903Built
72DOM
MLS® #: 5197412
Active, 72 Days on Market

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 Footage: 3,500
Acres: 0.39
Year Built: 1903
Type: Commercial
Sub-Type: Office, Other
Style: Office, Other
Status: Active

Community Information

Address: 201 Concord Exchange N
Subdivision: Stockyards Rearrangement
City: South St. Paul
County: Dakota
State: MN
Zip Code: 55075

Amenities

Garages: Uncovered/Open, Driveway - Asphalt, Unassigned

Interior

Heating: Forced Air, Hot Water
Cooling: Central

Exterior

Exterior: Brick/Stone
Lot Description: Corner Lot, Other
Roof: Flat
Foundation: 15000

School Information

District: 6 - South St. Paul

Additional Information

Date Listed: March 9th, 2019
Days on Market: 72
Zoning: Business/Commercial
Current Use: Commercial, Professional Service, Business Service, Office

Listing Details

Listing Office: RE/MAX Results

Financials

$/SqFt: $343

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Listing information last updated on May 22nd, 2019 at 5:35am CDT.