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2059-2063 second Street, White Bear Lake, MN 55110

New Listing

$850,000

Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 3,692 Lot Size (sq. ft.): 22,500 Status: Active

Current Price: $850,000 List Date: 7/11/2026 Last Modified: 7/12/2026

Overview

Description

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 Details MLS# 7108056

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: Yes
Owner Occupied: No
Waterfront YN: No
Year Built: 1899
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1692
Above Ground SqFt: 2000
Below Grd Total SqFt: 1692
Total SqFt: 3692
Foundation Size: 1692
Lot Size SqFt: 22500
Style: (MF) Other
Total Finished Sqft: 2000.00
Garage Stalls: 2
Lot Dimensions: 150 x150
Assessment Pending: No

Property Features

Accessible: None Basement: Partial Construction Status: Previously Owned Existing Financing: Free and Clear Exterior: Vinyl Foundation: Combination Fuel: Natural Gas Heating: Forced Air Rental License Type: Standard Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One and One Half Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 850000
ListPrice: 850000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2059-2063
Street Name: second
Street Suffix: Street
Postal City: White Bear Lake
County: Ramsey
State: MN
Zip Code: 55110

Additional Parcels Information

Property ID #2: 143022420066

Assessments

Tax With Assessments: 8562
Assessment Balance: 0

More Information

Basement

Foundation Dimensions: 28x28, 30x30
Partial: Yes

Building Information

Finished SqFt Above Ground: 2000

Income and Expenses

Annual Gross Expenses: 2400
Annual Gross Income: 38400
Annual Insurance Expense: 1500
Annual Maintenance Expense: 1200
Annual Repair Expense: 500
Annual Trash Expense: 400
Annual Water/Sewer Expense: 500
Total Annual Expenses: 10000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 500

Unit 1

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 19200
Finished SqFt: 1000
Full Baths: Yes
Monthly Expense: 100
Monthly Rent: 1600
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 19200
Finished SqFt: 912
Full Baths: Yes
Monthly Expense: 100
Monthly Rent: 1600
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: Murrays addition to White Bear Lot 6, Blk 9, Murray's addition to White Bear Lake
Listing City: White Bear Lake
Map Page: 81
Municipality: White Bear Lake
School District: White Bear Lake
School District Phone: 651-407-7500
Property ID Number: 143022420067
Tax Year: 2026
Tax Amount: 8562
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: I35E to Hwy 96, east on 96 to Hwy 61, north on 61 to Second St., west to the location

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Free and Clear: Yes

Exterior

Vinyl: Yes

Foundation

Combination: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Rental License Type

Standard: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

Listing Office: Rocket Realty

Last Updated: July - 12 - 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.