$2,129,245.65
MLS# 6618927
Status: Closed
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Property Description
Decades-long, successful restaurant location in the excellent Rosedale retail trade area. 14 year lease. Recent remodeling of flooring, lighting and decor. Same ownership since 1979. This is a can't miss opportunity in one of the very best locations in all of Minneapolis-St. Paul. Property is leased to Applebee's thru 9/30/2038.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2024-10-30
Current Price: $2,129,245.65
Closed Date: 2025-01-10
Sales Close Price: 2129245.65
Contingency: None
ListPrice: 2253170
List Date: 2024-10-21
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 123
Waterfront YN: No
Year Built: 1997
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 418x150
Foundation Size: 5229
Lot Size SqFt: 62998
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: ROSEDALE CENTER SECOND ADDITIO E 150 FT OF W 615 FT OF LOT 1 BLK 3
Listing City: Roseville
Map Page: 93
Municipality: Roseville
School District: Roseville
School District Phone: 651-635-1600
Zip Plus 4: 6943
Property ID Number: 092923310012
Tax Year: 2024
Tax Amount: 61942
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Decades-long, successful restaurant location in the excellent Rosedale retail trade area. 14 year lease. Recent remodeling of flooring, lighting and decor. Same ownership since 1979. This is a can't miss opportunity in one of the very best locations in all of Minneapolis-St. Paul.
Property is leased to Applebee's thru 9/30/2038.
Directions: Hwy 36 to Fairview, North to Hwy 36 frontage Road, West to property
Accessible
Fully Wheelchair: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 61942
Building Information
Building Finished SqFt: 5229
Construction Status
Previously Owned: 1
Exterior
Brick Veneer: 1
Financing Terms
Conventional: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Uncovered/Open: 1
Public Survey Info
Range#: 23
Section#: 09
Township#: 29
Sale Options
Sale Includes: Building
Sewer
City Sewer - In Street: 1
City Sewer/Connected: 1
Unit Details
Total Units: 1
Water
City Water - In Street: 1
City Water/Connected: 1
Income and Expenses
Annual Net Income: 152089.45
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Single Occupancy: 1
Current Use
Restaurant: 1
Location Tax and Other Information
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55113
Complex/Dev/Subdivision: Rosedale Center Second, Additio
Property Features
Accessible: Fully Wheelchair
CMU Style: Single Occupancy
Construction Status: Previously Owned
Current Use: Restaurant
Exterior: Brick Veneer
Financing Terms: Conventional
Fuel: Electric; Natural Gas
Heating: Forced Air
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot; Uncovered/Open
Sewer: City Sewer - In Street; City Sewer/Connected
Water: City Water - In Street; City Water/Connected
Listing Office: RE/MAX Results
Last Updated: January - 11 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.