Mixed-Use Building with
For Sale
$925,000
4466 Centerville Road, White Bear Lake, MN 55127
Commercial Sale, White Bear Lake, MN
Property SizeContact for details
Lot Size0.29 Acres
Days on Market87
Property Features for 4466 Centerville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Driveway, Parking Lot, Assigned, Offsite, Covered
Exterior features
Block
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) 379-1500
Added: Jun 2
Changed: Aug 27
Last Checked: Aug 27 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.
This mixed-use building at 4466 Centerville Road combines a restaurant and catering setup on the main floor with two upstairs apartments. The commercial area includes a walk-in refrigerator and freezer, operational hood, bar top, ice maker, business office, and additional common restroom. High ceilings, private restrooms, off-street parking, and signage opportunity add functional flexibility for the existing operation or another commercial concept.
Both apartments are leased and have received recent updates, including windows and window wells. Each apartment has metered electric service, while the owner provides heat, shared internet, trash service, and water. Property improvements include a new roof completed in 2024, along with a 2019 air conditioner and water heater. The building is in White Bear Lake, just south of 96 and near 35E, with access to covered, assigned, driveway, parking-lot, and offsite parking.
Both apartments are leased and have received recent updates, including windows and window wells. Each apartment has metered electric service, while the owner provides heat, shared internet, trash service, and water. Property improvements include a new roof completed in 2024, along with a 2019 air conditioner and water heater. The building is in White Bear Lake, just south of 96 and near 35E, with access to covered, assigned, driveway, parking-lot, and offsite parking.
Key Highlights
- Mixed‑use building with restaurant and catering configuration on the main level
- Two upstairs apartments are currently leased
- Walk‑in refrigerator, freezer, hood, bar top, and ice maker included
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and catering improvements occupy the main level, with two updated leased apartments above.
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 $925,000.
What are key features of this property?
This property features: Mixed‑use building with restaurant and catering configuration on the main level; Two upstairs apartments are currently leased; Walk‑in refrigerator, freezer, hood, bar top, and ice maker included
