Mixed-Use Building with Restaurant
For Sale
$899,000
4466 Centerville Road, White Bear Lake, MN 55127
Commercial Sale, White Bear Lake, MN
Property SizeContact for details
Lot Size0.29 Acres
Days on Market134
Property Features for 4466 Centerville Road
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Offsite, Covered, Assigned, Driveway, Parking Lot
Fencing
Privacy
Appliances
Dishwasher, Dryer, Water Heater - Gas, Range, Refrigerator, Washer
Subdivision
Section 21 Town 30 Range 22
Lot features
Corner Lot, Sod Included in Price, Tree Coverage - Light
High school district
White Bear Lake
Directions
35E to Highway 96, West to Centerville Road, South to Property on East Side of Centerville Road
Standard status
Active
APN
213022120021
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11078
Utilities
Heating system
Forced Air
Cooling system
Central Air, Wall Unit(s)
Building Details
Year built
1983
Building materials
Block
Roof type
Flat
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-1500
Listed By:
Eric E. Katz · License #20362602,MN
(651) 238-3440
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 13 at 7:06PM
MLS# 7080841
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 1983 mixed-use building has a ground-floor restaurant and catering setup with a walk-in refrigerator and freezer, operational hood, bar top, ice maker, office, and high ceilings. Two apartments occupy the upper floor; both are leased and have received updates including windows and window wells. The property spans 0.29 acres and includes off-street parking. A shared upstairs restroom is also in place.
Recent capital improvements include a roof installed in 2024 and air conditioning and a water heater added in 2019. The building is just south of Highway 96 and near I-35E in White Bear Lake. The owner provides heat, internet, trash service, and water; each apartment has separately metered electric service.
Recent capital improvements include a roof installed in 2024 and air conditioning and a water heater added in 2019. The building is just south of Highway 96 and near I-35E in White Bear Lake. The owner provides heat, internet, trash service, and water; each apartment has separately metered electric service.
Key Highlights
- Ground‑floor restaurant and catering setup with walk‑in refrigerator and freezer, hood, bar top, and ice maker
- Two upper‑floor apartments, both currently leased
- 0.29‑acre property with off‑street parking
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 55127, MN
18,071
Population
7,825
Households
2.3
Avg Household Size
47
Median Age
53%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,339
Density / Sq Mi
$113,355
Median Household Income
$62,148
Median Earnings
$1,764
Median Rent
$409,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased apartments sit above a ground-floor space equipped for restaurant and catering operations.
Where is this mixed-use property located?
The property is located at 4466 Centerville Road White Bear Lake, MN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Ground‑floor restaurant and catering setup with walk‑in refrigerator and freezer, hood, bar top, and ice maker; Two upper‑floor apartments, both currently leased; 0.29‑acre property with off‑street parking
