4070 White Bear N Ave White Bear Lake, MN 55110-4305
Property profile & analytics
4070 White Bear N Ave, White Bear Lake, MN 55110-4305
- Retail residential properties
- 5,673 SF
- 0.26 lot acres
Property ID
US46-0842328
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail residential properties
Property Details for 4070 White Bear N Ave
- Year built
- 1948
- Lot size
- 0.26 lot acres
- Zone code
- B
- Property type
- Retail residential properties
- APN
- 26-30-22-12-0013
- APU
- 263022120013
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- White Bear Lake
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.015
- Latitude
- 45.0645
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,460
$101,900
$260,200
$362,100
-
$101,900
$260,200
$362,100
