$850,000

2059-2063 Second St White Bear Lake, MN 55110

Estimated payment $5,306/month

5 Beds
2 Baths
2,000 Sq Ft
$425 Price per Sq Ft

About This Home

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 Agent

Steve Gaffney

Rocket Realty Listed on: 07/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,562

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 150 x150
  • Additional Parcels

Parking

  • 2 Car Garage

Home Design

  • Combination Foundation
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 1.5-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 143022420067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,562

Year Built

Built in 1899

Lot Details

0.51 Acres

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Outside Features: Vinyl
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1899
  • Above Grade Finished Sq Ft: 2000
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 2000
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Foundation Details: Combination

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: White Bear Lake
  • SchoolDistrictPhone: 6514077500

Lot Info

  • Waterfront YN: No
  • Lot Size: 150 x150
  • Land Lease: No
  • Additional Parcels: Yes
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 143022420067
  • Tax Annual Amount: 8562
  • TaxWithAssessments: 8562

Map

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2026 07/11/26 For Sale $850,000 -- $425 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7108056

NorthstarMLS
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