$625,000

1104 Rice StreetSaint Paul, MN 55117

Type: Commercial

1910 Year Built

Description

Discover this lucrative income-producing laundromat located at 1104 Rice Street in St. Paul. This single-story building boasts newer, high-quality commercial-grade equipment, ensuring efficient and reliable operation. With a steady stream of loyal customers and a thriving business, this well-maintained property presents an exceptional opportunity for significant cash flow. Don't miss your chance to invest in a turnkey operation with established success and potential for growth. Business and building are for sale. Units are newer. Total washers are 20 and there are 21 dryers. Coin operated units. Hours of operations are 6:30 AM to 8 PM currently.

MLS ID: 6574408

Directions: Maryland Ave W south on Rice St to property.

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Property Details

Essential Details

MLS #: 6574408

Listing courtesy of: RE/MAX Advantage Plus

Price: $625,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial

Current Use: Commercial, Laundromat

Total Units: 1

Annual Gross Income: $102,000

Net Operating Income: $75,600

Operating Expense: $26,400

Annual Gross Expense: $26,400

Annual Manager Expense: $3,600

Annual Electric Expense: $4,500

Annual Fuel Expense: $4,200

Annual Insurance Expense: $4,572

Annual Maintenance Expense: $2,500

Annual Other Expense: $3,600

Annual Annual Expense: $3,500

Annual Water/Sewer Expense: $7,000

Parking Features: Other

Building Details

Construction Materials: Brick/Stone

AccessibilityFeatures: None

Heating: Forced Air

Cooling: Central Air

Style: Business

Year Built: 1910

Foundation Area: 1,900

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Utilities: Electric Separate, Heating Separate, Hot Water Separate

Lot Details

Complex/Dev/Sub Name: Stinsons Rice Street, Addition

Lot Dimensions: Irregular

School Information

District: St. Paul

District Number: 625

District Phone: 651-767-8100

Community Information

County: Ramsey

Survey Range: 22

Survey Section: 30

Survey Township: 29

Taxes

Tax Year: 2023

Tax Amount: $4,040

Assessment Pending: No

Taxes w/Assessments: $4,040

This listing was last updated by RE/MAX Advantage Plus on 7/24/2024 at 3:32 pm.

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 10:25 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 Twin Cities 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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