951 White Bear Avenue Saint Paul, MN 55106

Building Details

Year Built

1915

Listing Agency KW Commercial Woodbury - East Suburban

Listed by William Schultz · License #40835740

Source Crexi

Added: May 14 Checked: Jul 16 at 12:25 pm

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Investment Insights

Based on property information with market context.

This mixed-use property at 951 White Bear Avenue, Saint Paul, MN 55106 offers a value-add opportunity. The property includes both residential units and a commercial suite. The two residential units are currently leased below market rates at $1,350 and $1,375, compared to a market rate of $1,500, representing a potential annual top-line upside of $3,600 through lease management. A billboard lease provides a passive income stream independent of tenant activity. The month-to-month lease structure offers flexibility to reposition rents, re-tenant the commercial suite, or execute interior upgrades such as flooring, fixtures, and kitchens to support above-market positioning. The electrical systems have been updated with circuit breakers. The roof, heating systems, and water heater are over 10 years old and should be considered in capital planning. The property size is 4368 square feet.

Key Highlights

• Immediate income upside of $3,600+ annually achievable by raising residential rents to market rate.
• Billboard lease provides a consistent passive income stream.
• Month‑to‑month lease structure offers flexibility to adjust rents and re‑tenant.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial suites, billboard income.

Where is this mixed-use property located?

The property is located at 951 White Bear Avenue Saint Paul, MN.

What is the asking price?

The asking price for this property is $399,999.

What are key features of this property?

This property features: Immediate income upside of $3,600+ annually achievable by raising residential rents to market rate.; Billboard lease provides a consistent passive income stream.; Month‑to‑month lease structure offers flexibility to adjust rents and re‑tenant.