CRE Sales Show Signs of Recovery

Your Commercial Real Estate Update from Chad Heer, CCIM MAY 2024

694 Garage Condos For Sale

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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.

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Your Commercial Real Estate Update from Chad Heer, CCIM APRIL 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

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