Address
55 5th Street E Saint Paul, MN
Price
$ 190,000
Property Attributes
  • ID#5714855
  • TypeCommercial
  • CountyRAMSEY
  • CitySaint Paul
  • AreaCity Of St Paul
  • NeighborhoodCity Of St Paul
  • Zip55101
  • StyleBusiness
  • Year Built1967
  • Taxes$ 308794
  • Price$ 190,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7000
  • Lot Size0.81 Acres
Listing Provided Courtesy Of:
RE/MAX Results
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

Asian restaurant business opportunity sale in downtown Saint Paul. Same owner operated the business for 39 years and opens 365 days a year. Selling the business opportunity due to retirement. Second generation restaurant with over 7,000 sqfts with a large bar, large dining room, large private party room with dance floor and bar, large storage room, and large commercial kitchen with hood, walk-in cooler and freezer, and 8 wok burners. Great for hosting weddings, birthday parties, and special events. Currently the owner has a band that plays once a week. Serves Chinese food, wines, and beers. The building has a parking ramp and street parking. The restaurant address is 380 Cedar St., Saint Paul in the Alliance Bank Center building which is 55 5th St. E. Saint Paul. All equipment, appliances, and furniture will stay. Food inventory is a separate sale. Monthly rent is $6,000 plus natural gas. No real estate included. Cash offer. No contract for deed.

Price History
2/20/2021 Listed $200,000
5/28/2021 5% - $190,000

General Features

Accessibility Other
Additional Parcels Y/N No
Appliances Range, Exhaust Fan, Refrigerator, Freezer, Other
Basement None
City Saint Paul
Construction Materials Other
Contingency None
Cooling Central Air
County Ramsey
Current Use Restaurant
Days on Market 98
Directions On Cedar St and 5th St
Heating Forced Air
High School District St. Paul
Lender Owned No
Ownerpays Fuel
Property SubType Business
Property Type Commercial Sale
Sewer City Sewer/Connected
Standard Status Active
Street Name 5th
Subdivision Name City Of St Paul
Tax Annual Amount 308794
Tax Year 2020
Total Units 1
Utilities Heating Separate
Year Built 1967
Zoning Description Business/Commercial

Interior Features

Fuel Natural Gas
Street Suffix Street
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, 1 Room, 2 Room, 3 Room, 4 Room, 5 Room, 6 Room, 7 Room

Exterior Features

Foundationarea 7000
Inclusions Business, Fixture/Equipment, Leases
Lot Size Area 0.81
Lot Size Units Acres
Parking Features Other
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55101

Price
AVG $590K
$190K
Taxes
AVG $60,500
$308,794
Visits
AVG 186
306
Year Built
AVG 1911
1967
Walkscore
AVG 87
97
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.