For Sale
$835,000

1545 Livingston AveWest Saint Paul, MN 55118

West Saint Paul, MN: Multi-Tenant Office/Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 6,700 square foot multi-tenant property in the thriving City Center Business Park of West Saint Paul, Minnesota. The property, classified as a Class B building, offers a compelling blend of medical office and warehouse space, currently boasting 95% occupancy. The asking price is $835,000, representing an attractive 8.00% capitalization rate. The lease structure is gross, simplifying management. Currently, 1,115 square feet is immediately available for occupancy. This presents a unique opportunity for an owner-user seeking both rental income and their own space. The property benefits from an active homeowner's association that covers all grounds maintenance, with estimated dues at $1.56 per square foot. Estimated property taxes are $2.62 per square foot. Detailed lease information, including specifics on the current tenants, is available upon request and execution of a non-disclosure agreement. The property has a long and stable history.

Highlights

  • 6,700 square feet of office/medical office/warehouse space in West St. Paul, MN.
  • Owner-user opportunity with existing rental income.
  • 1,115 square feet immediately available for lease.
  • Estimated HOA dues: $1.56 per square foot.
  • Estimated property taxes: $2.62 per square foot.
  • HOA covers all grounds maintenance.

Property Details for 1545 Livingston Ave

Property type
Warehouses, Office properties
Square Feet
6,700 SF
Class
B

Location Insight

City
West Saint Paul
County
Dakota
State
Minnesota
Latitude
44.9000115
Longitude
-93.0827122
1545 Livingston Ave, West Saint Paul, Minnesota

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1545 Livingston Ave
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