For Sale Property MLS# 7108056

2059-2063 second Street

White Bear Lake, MN 55110

$750,000

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About 2059-2063 second Street

Income Today, Growth Tomorrow: White Bear Lake Commercial Property

Don’t miss this fantastic opportunity to invest in a prime parcel of commercial property in White Bear Lake, Adjacent to City Hall on Second Street. This offering comprises two adjacent parcels with rent-producing single-family residences in excellent condition. The properties are currently fully leased at below market rates that allow for future increases. The area represents fast-growing, highly sought-after properties with GX-D (General Mix Downtown) zoning. The area has excellent potential for future value increases. If you are looking for an opportunity with an excellent chance of future increases while providing passive income today, this is it.

Property details

Property

Type
Other
MLS type
Other
Status
Active
Year built
1899
Stories
One and One Half
Living area
2,000 sqft
Price / sqft
$375
Lot
0.52
Original price
$850,000
MLS #
7108056

Interior

Features
Forced Air, Partial
Heating
Forced Air

Exterior & lot

Features
Vinyl
Construction
One and One Half, Combination
Foundation
Combination
Lot
143022420067
Garage spaces
2

Schools

District
White Bear Lake School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$8,562
Tax year
2026
Parcel
143022420067

Location

County
Ramsey
Neighborhood
Downtown White Bear Lake
Community
Ramsey, northstar, White Bear Lake
Directions
I35E to Hwy 96, east on 96 to Hwy 61, north on 61 to Second St., west to the location

Location

Neighborhood
Downtown White Bear Lake
School district
White Bear Lake School District

Ask about this property

Questions on 2059-2063 second Street, White Bear Lake, MN 55110, or want to see it in person?

Listed by Steve Gaffney, Rocket Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.