$1,235,000

1112 Arcade StreetSaint Paul, MN 55106

Type: Commercial

1940 Year Built

Description

Vogels Bar & Lounge plus an up & down duplex could be yours! This local bar has great advocates, it is like the Eastside "Cheers"! Lots of potential for more income, as the lounge has a vacant apartment above it. 24 hour notice, Buyers must be PRE APPROVED. Both units in the duplex are occupied. This is a package deal, the Duplex & Vogels Bar/Lounge, $1,235,000. Great opportunity to own two income producing properties with tremendous future earnings!

MLS ID: 6551077

Directions: From I-94W, take exit 243 for US-61/Mounds Blvd toward Kellogg Blvd. Turn Right onto 7th St E, Left on Arcade St, Vogel's Lounge will be on the Right side. Duplex is adjacent.

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Property Details

Essential Details

MLS #: 6551077

Listing courtesy of: RE/MAX Professionals

Price: $1,235,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial, Residential-Multi-Family

Current Use: Bar/Tavern

Total Units: 4

Annual Gross Income: $99,640

Net Operating Income: $55,863

Annual Gross Expense: $205,049

Parking Features: Gravel, Guest Parking, More Parking Offsite for Fee

Garage Spaces: 2

Other Parking Spaces: 12

Building Details

Owner Occupied: No

Construction Materials: Engineered Wood, Stucco, Vinyl Siding, Wood Siding

AccessibilityFeatures: None

Roof: Age 8 Years or Less

Heating: Forced Air

Style: Business, Duplex Other, Duplex Up and Down, Office, Retail

Year Built: 1940

Foundation Area: 648

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Number of Refrigerators: Six or More

Utilities: Electric Separate, Heating Separate, Hot Water Separate

Lot Details

Complex/Dev/Sub Name: Eastville Heights

Lot Dimensions: 80x122

Road Frontage: City Street, Paved Streets, Sidewalks, Street Lights

School Information

District: St. Paul

District Number: 625

District Phone: 651-767-8100

Community Information

County: Ramsey

Survey Range: 22

Survey Section: 28

Survey Township: 29

Taxes

Tax Year: 2024

Tax Amount: $7,038

Assessment Pending: No

Taxes w/Assessments: $7,038

This listing was last updated by RE/MAX Professionals on 7/26/2024 at 11:33 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 7:05 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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