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    OFF-MARKET Estimated value $1,440,000
    Strip malls

    5960 Hwy 61st N, Saint Paul, MN 55110-2456

    11,824 SF 1.95 ac lot Built 1958
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-0264639
    Property summary
    AI-generated overview

    This 1,575-square-foot retail space, located in the Bald Eagle Shoppes Suite 2 at 5960 Hwy 61 N, St. Paul, MN 55110, is currently available. Situated in a Class B building constructed in 2002 and renovated in 2021, this single-tenant space is part of a larger 12,944-square-foot complex with two buildings and two stories. The property sits on 1.95 acres of land and boasts 71 total parking spaces, providing ample parking for customers and employees. The space features 9-foot ceilings (with potential to reach 10 feet), two entryways, a main area, a changing area, and a unisex bathroom. Currently configured for a martial arts studio, the open layout is adaptable to various retail or office uses, including but not limited to fitness studios (yoga, Pilates, CrossFit, MMA, etc.), coffee shops, or other retail concepts. The property enjoys high visibility and accessibility, with over 20,000 vehicles passing daily on Highway 61. Its location in White Bear Township offers excellent proximity to affluent suburbs like White Bear Lake, Hugo, and Mahtomedi. The zoning is designated for Retail and Office use. Taxes are approximately $4.25 per square foot. The base rent is negotiable, ranging from $18 to $23 per square foot NNN, depending on lease length and tenant improvement needs. A potential drive-thru window (up to 4 vehicles) is also a possibility. Access to common areas of adjacent executive office suites is included for up to two owner/manager personnel. Power is 120V. There are no elevators. The cross streets are Highway 61 and County Road J.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1958
    Construction WOOD FRAME
    Total area 11,824 SF
    Lot 1.95 ac (84,942 SF)
    Zoning code D
    APN 01-30-22-22-0004
    UPID US46-0264639
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • MidWest School of Diving Vocational School Training Center
    • Bald Eagle Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • Mark Knabe Insurance & Financial Agency, Inc Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.37M
    CAP Approach CAP
    $1.61M
    Comparable Approach Comparable
    $1.45M
    Blend (final) Blend
    $1.44M
    Owner & transaction history
    Bald Eagle Shoppes LLC · 4 yrs held
    Bald Eagle Shoppes LLC
    since 2022
    Last sale
    $1.9M
    7 recorded transactions
    2022
    $1.9M
    2020
    $500
    2020
    2017
    2012
    $45,000
    2002
    $500,000
    1999
    $350,000
    Zoning & alternative use
    D · Saint Paul, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.4M +20.8%
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