MARKET UPDATES


MARKET UPDATES

By Chad Heer 02 May, 2024
694 Garage Condos For Sale
By Chad Heer 23 Apr, 2024
Join this extraordinary learning event!
By Chad Heer 23 Apr, 2024
Property Description Lowertown Saint Paul value add multifamily! An extremely well-built 29 unit (27 Residential & 2 Commercial unit mix). Residential units are loft style (Mostly 1 Bedroom units) with potential to convert into 41 total units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location! Walk to all the best downtown spots. Location Description  Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41 units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the best downtown spots. Tenants pay utilities through RUBs. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.
By Chad Heer 23 Apr, 2024
Congrats to our clients!!! 
By Chad Heer 10 Apr, 2024
Your Commercial Real Estate Update from Chad Heer, CCIM APRIL 2024
By Chad Heer 10 Apr, 2024
Thank you for the 5 stars! Thank you for taking the time to leave a positive review. We appreciate it! Google Review | http://search.google.com/local/writereview?placeid=ChIJj1TIuWkp9ocRwm0s-b7rvbs
By Chad Heer 09 Apr, 2024
Great investment opportunity in prime Merriam Park neighborhood. Eleven individual office spaces in two SFHS located next to each other. Includes 8 dedicated off street parking spots. Buildings are SUPER clean and have very quiet professional environment with multiple long term tenants. These properties are beautiful inside and out and have been meticulously cared for. Quick close possible.  Located on Selby Avenue in prime Merriam Park neighborhood! Close to Snelling Avenue and I-94 Includes buildings, land and leases Highly desirable Merriam Park neighborhood Trendy retail area with Patina Stores, Yum! Kitchen, Dunkin' Donuts, Whole Foods, Starbucks & so much more ! Within walking distance of Allianz Stadium (Home of the MN United) Properties have been well maintained and are finished out nicely 8 dedicated off street parking spaces Established multiple tenants in each building
By Chad Heer 27 Mar, 2024
Start Your Spring Cleaning After Tax Time at the MBN Shred Event !  When? Saturday, April 20, 2024 10:00 am - 12:00 noon Why? This is our way of saying thank you for being a valuable partner in the community. Friends and Family Invited. Coffee and donuts provided. What Can I Bring? Your personal boxes of shredding (financial, medical, personal); preferably in a recyclable paper bag, but cardboard or other non-paper bags are fine. Staples, paper clips and rubber bands are all OK, however, please be sure to remove 3-ring binders, large binder clips, plastics, or metals.
By Chad Heer 26 Mar, 2024
This is your opportunity! A complete, high quality renovation of this entire mixed use property at the key corner of downtown St. Paul! Amazing visibility and traffic counts will add to your business accessibility. MN Children's Museum across the street. Variety of options for this street-level space: Pet-related business, non-profit, professional services group, coffee/cafe, boutique retail, office/showroom or medical! One smaller space of ~ 350 RSF as you enter the residential/apartment units & a larger space of approximately 3,000 SF; which can be demised. Street parking, parking garage and possible lot parking north of the property. Contact Chad (612.963.5147) or Adam (262.385.4409 for more details
By Chad Heer 25 Mar, 2024
Federal Reserve Still Sees 3 Rate Cuts In 2024 But Holds Rates Steady For Now March 20, 2024 Dees Stribling, Bisnow National The Federal Open Market Committee on Wednesday didn't budge on interest rates, noting that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the central bank said in a statement . Nine FOMC members said they believe three interest rate cuts this year are appropriate, in line with what the committee indicated in December. Five other members indicated that two cuts would be the correct course, according to materials released by the Federal Reserve Wednesday .
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