999 Hudson Rd Saint Paul, MN 55106
- Investment properties
- 7,200 SF
- 0.23 lot acres
Current Use by Public Records
- Investment properties
Property Details for 999 Hudson Rd
- Year built
- 1908
- Construction
- WOOD FRAME
- Lot size
- 0.23 lot acres
- Property size
- 7,200 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 33-29-22-31-0236
- APU
- 332922310236
Description
This exceptional mixed-use property at 999 Hudson Road, St. Paul, Minnesota, presents a unique investment opportunity. The 10,123 square foot building, constructed in 1964 and renovated in 2015, sits on a 0.25-acre lot and is zoned for both business and residential single-family use. Currently operating at 100% occupancy since February 1, 2023, the property features a highly visible main floor laundromat and two second-floor apartments, all under a single ownership. The laundromat boasts 17 IPSO washers and 22 stacked dryers, along with supplies, parts inventory, two flat-screen TVs, and surveillance equipment for remote monitoring. The building's current leases have a remaining term of approximately 0.1 years, expiring December 31, 2024, with a lease commencement date of September 1, 2022. The asking price is $875,000, translating to $86.44 per square foot. The seller is currently undertaking a roof replacement and subdividing an adjacent vacant lot. This turnkey operation offers a solid cash flow and is ideally located near St. Paul's vibrant restaurants, bars, and shopping areas. The property's strong operating history and current high occupancy make it an attractive investment for owner-users seeking a blend of commercial and residential income streams. The building is a Class C property with three units and two tenants. The property is currently 100% occupied.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $650,000
- 6.5%
- $670,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $660,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $595,000
- Retail
- $545,000
- Mixed-Use
- $735,000
- Hospitality
- $745,000
- Educational
- $615,000
- Residential Income
- $665,000
- Energy
- $715,000
- Income-Based Land
- $620,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.058
- Latitude
- 44.9525
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA