981 University Ave W, St. Paul

$688,000

0 Beds
0 Baths
5,376 Sqft
.34 Acres
0 Garages

Prime stand-alone retail on the corner of University Ave & Chatsworth St. Current use: Bar/Tavern. Johnny Baby's is a very well run business, both front and back of house, well established, family owned and operated for 15 years. Positive NOI, strong local customer base, easy access, off street parking, on the Greenline Light Rail. Located in an Opportunity Zone. The building has 2,813 SF on main floor. Zoning: T-2-Traditional Neighborhood. 100 seat capacity with 11 off street parking. Basement has dry storage, good access to mechanicals, plumbing and electrical, boiler system, ample electric, 2 water heaters, storage room, keg cooler, employee bathroom and breakroom/office area. Additional income from Pull Tabs, ATM, rented vending machine, games and Juke Box. Improvements: Point of Sale system, TV's, video surveillance, HVAC, water heater, water meter pipes, epoxy bar top, exterior repairs to stucco and roof. Roof 14 years old.

Essential Information
MLS® #5218355
Price$688,000
Square Footage5,376
Acres0.34
Year Built1916
TypeCommercial
StatusActive
Sub-Type

Business Opportunity, Retail/Shopping Center

Style

Business Opportunity, Retail/Shopping Center

Community Information
Address981 University Ave W
AreaThomas-Dale (Frogtown)
SubdivisionUniversity Sub Of, Lots
CitySt. Paul
CountyRamsey
StateMN
Zip Code55104
Amenities

Natural Woodwork, Tiled Floors, Security System, Cable

Utilities

Heating Common, Electric Common, Hot Water Common

Garages

Uncovered/Open, Driveway - Asphalt

Interior
HeatingHot Water, Boiler
CoolingCentral
Appliances

Refrigerator, Freezer, Electronic Air Filter

Exterior
ExteriorWood, Stucco
RoofAsphalt Shingles, Flat
Foundation5376
Lot Description

Corner Lot, City Bus (w/in 6 blks)

School Information
District625 - St. Paul
Additional Information
Date ListedApril 23rd, 2019
Days on Market149
ZoningBusiness/Commercial
Listing Details
OfficeRE/MAX Results
Property History
Price Reduced from $699,900 to $688,000
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Listing information last updated on September 19th, 2019 at 1:20am CDT.