879 Rice Street

Saint Paul, MN 55117 View Map $148,000 Ask a Question
Acres0.2
Year1888
Mckentys Out Lts To, St Paul Saint Paul | Ramsey County | MLS 6222395 | 879 Rice Street Photo 1
Mckentys Out Lts To, St Paul Saint Paul | Ramsey County | MLS 6222395 | 879 Rice Street Map
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Status: Sold
Property Type:Commercial Sale
MLS #:6222395
Date Sold:1/27/2023
Lot Size:0.2 Acres
County:Ramsey
Great opportunity to purchase this mixed-use building as either owner-occupied or an investment for positive cash flow. The main floor operates as a bar and the apartment on the upper level needs improvement. The main-floor tenant pays $2,000 per month and the lease expires in 8-31-2025. The billboard on the roof has a lease with income of $2,522.47 and it expires on 10-31-2026. Total income is $2,210/mo. 12 on site parking spaces. Zoned T2 Traditional Neighborhood. Stand-alone, corner lot on Milford & Rice Streets with 4 lots. Main floor is full bar. Upstairs apartment has a kitchen, a large living room, a half bathroom with space to add a shower. Buyer may renovate the upper level to add more income.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
2/3/2023$250,000$148,000-40.8%

Community Information

Address:879 Rice Street, Saint Paul, MN 55117
County:Ramsey
City:Saint Paul
School District:St. Paul
Subdivision:Mckentys Out Lts To, St Paul
Zip Code:55117
Neighborhood:North End

Features / Amenities

Appliances: Cooktop, Freezer, Range, Refrigerator
Cooling: Central Air
Heating: Forced Air
Fuel: Natural Gas

Property Features

Lot Size: 0.2 Acres
Lot Dimensions:164.5 x 52
Lot Features: Corner Lot
Utilities: Electric Common, Heating Common, Hot Water Common
Sewer: City Sewer/Connected
Water: City Water/Connected
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Township
Zoning:Business/Commercial
Directions:University to Rice, north to property.

Tax and Financial Info

Sale Includes: Building, Business, Fixture/Equipment, Land
Tax Year: 2022
Tax Annual Amount: $7,729

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Listing Information Last Updated 3/28/2024
Listing provided courtesy of RE/MAX Results.
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