4070 White Bear AveWhite Bear Lake, MN 55110

This exceptional investment opportunity presents a portfolio of two retail properties situated at 4060-4070 White Bear Avenue in White Bear Lake, Minnesota, zip code 55110. The portfolio encompasses approximately 6,000 to 12,500 square feet across two buildings, situated on a combined lot size ranging from 0.26 to 0.63 acres. Currently housing seven tenants, this multi-tenant property offers a diverse income stream with a current Net Operating Income (NOI) of $170,562 and a pro-forma NOI of $187,962, translating to a current cap rate of 10.03% and a pro-forma cap rate of 11.06%. The properties are zoned B-2 (Limited Business District), allowing for a variety of uses, including retail and office spaces. One building includes a residential apartment on the second floor, adding to the property's versatility. This portfolio is ideally suited for both investors seeking a strong return and owner-users looking to establish or expand their business within a thriving community. The properties are located in a densely populated residential area, providing a substantial customer base. The asking price for this portfolio is $1,700,000. The properties can be sold separately. This is a value-add opportunity with nineteen units in total.