999 Hudson RdSaint Paul, MN 55106

Property Details for 999 Hudson Rd

Year built

1908

Construction

WOOD FRAME

Lot size

0.23 AC

Property size (Sq ft)

7,200 SF

Property type

Investment properties

Property subtype

Live-work space

APN

33-29-22-31-0236

APU

332922310236

Description

This exceptional mixed-use property at 999 Hudson Road, St. Paul, Minnesota, presents a unique investment opportunity. The 10,123 square foot building, constructed in 1964 and renovated in 2015, sits on a 0.25-acre lot and is zoned for both business and residential single-family use. Currently operating at 100% occupancy since February 1, 2023, the property features a highly visible main floor laundromat and two second-floor apartments, all under a single ownership. The laundromat boasts 17 IPSO washers and 22 stacked dryers, along with supplies, parts inventory, two flat-screen TVs, and surveillance equipment for remote monitoring. The building's current leases have a remaining term of approximately 0.1 years, expiring December 31, 2024, with a lease commencement date of September 1, 2022. The asking price is $875,000, translating to $86.44 per square foot. The seller is currently undertaking a roof replacement and subdividing an adjacent vacant lot. This turnkey operation offers a solid cash flow and is ideally located near St. Paul's vibrant restaurants, bars, and shopping areas. The property's strong operating history and current high occupancy make it an attractive investment for owner-users seeking a blend of commercial and residential income streams. The building is a Class C property with three units and two tenants. The property is currently 100% occupied.

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9525

Longitude

-93.058

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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