2059-2063 second Street
White Bear Lake, MN 55110
$675,000
Income Today, Growth Tomorrow: White Bear Lake Commercial Property
Don’t miss this fantastic opportunity to invest in a prime parcel of commercial property in White Bear Lake, Adjacent to City Hall on Second Street. This offering comprises two adjacent parcels with rent-producing single-family residences in excellent condition. The properties are currently fully leased at below market rates that allow for future increases. The area represents fast-growing, highly sought-after properties with GX-D (General Mix Downtown) zoning. The area has excellent potential for future value increases. If you are looking for an opportunity with an excellent chance of future increases while providing passive income today, this is it.
Listing Courtesy of: Rocket Realty
651-485-6196
| Listing Id: | 7108056 |
|---|---|
| List Price: | $675,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Other |
| Status: | Active |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 2 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 2,000 |
| Tax Annual Amount: | $8,562 |
| Waterfront?: | No |
| City: | White Bear Lake |
| County Or Parish: | Ramsey |
| Postal Code: | 55110 |
| Year Built: | 1899 |
| Number Of Units Total: | 2 |
| Above Grade Finished Area: | 2,000 |
| Accessibility Features: | None |
| Additional Parcels Description: | 143022420066 |
| Additional Parcels?: | Yes |
| Basement: | Yes |
| Basement: | Partial |
| Bathrooms Total Integer: | 2 |
| Building Area Total: | 3692 |
| Directions: | I35E to Hwy 96, east on 96 to Hwy 61, north on 61 to Second St., west to the location |
| Foundation Area: | 1,692 |
| Fuel Expense: | 0 |
| Garage Spaces: | 2 |
| Gross Income: | $38,400 |
| Heating: | Forced Air |
| High School District: | White Bear Lake |
| Insurance Expense: | $1,500 |
| Levels: | One and One Half |
| Listing Contract Date: | 2026-07-11 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 22500 |
| Lot Size Dimensions: | 150 x150 |
| Lot Size Units: | Square Feet |
| Maintenance Expense: | $1,200 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Foundation Dimensions: | 28x28, 30x30 |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 500 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Rental License Type: | Standard |
| School District Number: | 624 |
| School District Phone: | 6514077500 |
| Tax With Assessments: | $8,562 |
| Operating Expense: | $10,000 |
| Other Expense: | $500 |
| Parcel Number: | 143022420067 |
| Postal City: | White Bear Lake |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Trash Expense: | $400 |
| Water Sewer Expense: | $500 |
| Water Source: | City Water/Connected |
| Township: | White Bear Lake |
| Above Grade Sq Ft Total: | 2000 |
| Below Grade Sq Ft Total: | 1692 |
| Main Level Finished Area: | 1692 |
| Total Area: | 3,692 |
| Exterior Features: | Vinyl |
| Foundation Details: | Combination |
| Rental License?: | Yes |
| School District Full Name: | 624 - White Bear Lake |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:59 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:59 PM - CT
