St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-10
REAL TRANSACTIONS.
Storm and Election Fail to Stop the Buy
ing Of Real Estate in st.
Paul.
1t Sells Right Along at Firm Prices that
Cannot be Shaken or
Weakened.
How Men Have Made Money in Broad
Acres--The District Between
the Cities.
Minnesota Transfer Likely to be the
Center of Wholesale Trade
and Manufacturing.

The weather and the election inter1ereo
somewhat with real estate TRANSACTIONS Wis
week. The market has, ACCOMPLISHMENTS
been active and very firm.
One of the most successful, and IL may
also he said one of the most fortunate, men
in ST. Paul is John G. Hinlel. -Four OF IVe
wears ago he Joined with Mr.. Hermann orote
in the purchase of tract of land ON the
Chicago. Milwaukee Il st. Paul ROAD, Hear
fine Minnesota Transfer, and directly OPP
nosite 70 the tract now known as Merriam
pork At that time there was no such tnilg
known as Merriam Park. where tliaI
rapidly increasing suburban resort ITO" Is
there were no inhabitants. 1t was simply
an omen. rolling prairie. This piece
that NIessrs Grote & Hinkle purchased
was fashioned into park. A tight
hoard fence was placed around 1t. suitable
huildings for park were erected on the IN
side. swings and outlOOks were placed at
suitable distances. wide driveWayS We're
constructed. the underbrush was all cut
out. the grass was cultivated ana tne laWIl-
mower was kept at work, ana tne WHOLE
grounds were changed from the Wlia' hat-
Ural woods to lovely and refreshlE PARK.
beautifully shaded and gently Undertaking.
Bands of music were engaged once "eeh'
the beauties of the place. 1t was cnarln-
inp spot. but it did not pay and had to be
abandoned. Mr.. Hinkel decided upon what
was then considered wild project, and
thai was to buy out Mr. GrOte'S half inter-
est. which he did at 50, 600 per acre, ana
plat the whole park as residence properly.
1t was accordingly laid out in that way
Union Park. as it was then known. came TO
be very popular location for suburban res
licences. and lots sold there very rapidly III
deed. notwithstanding condition was at
tached that the purchaser should erect I'M
mediately dwelling house upon the lot.
More than half the park has been sold, ana
Mr.. Hinkel has made a very considerable
sum of money out OF the venture
good deal more probably, than
he expected to make when ne
first contemplated going into 1t. Consld-
erably more than half the park mas Deen
disposed of and some elegant residences are
being constructed there. Mr.. Hlnkel NM
self is having one built that Will cost nor
less than $4,000 and probably S2o,Ooo
would be nearer the correct amount. Inc
property has increased so much III pupllc
estimation as a place suitable for suburban
residence that the price of lots have been
considerably advanced, and the value OF the
structures required to be erected by pur-
chasers has also been increased. Ihls Is
done because the desirability of the prop
erty makes it possible to do it and also be-
cause MI Hinkel proposes TO make Union
Park the most desirable location for resi-
dences within reach of the city.
ACRE TRACTS.
During the week there has been the
usual inquiry for acre tracts, and all OF
Rogers garden lots have been disposed OF
i'm tracts of ten acres each. These lots are
about two miles and a half northwest OF the
Harvester works. and were sold at the rate
Of $40 per acre.
In speaking of what has been done in the
matter of buying outside acres, the writer
is reminded of the success of Mr.. Z. Il.
Dickerlnan, a gentleman from Iowa.
Several wears ago he came TO 81.
Paul. and being deeply impressed with
its business appearance, location. the char
acter of the people here, and generally
speaking the vim and energy displayed III
all departments of business, he began TO m
vest his money in real estate. 1t was hve
wears ago that Mr.. Dickerman began TO Duy
One of his first purchases was tract OF lana
on each side of University avenue a nttle
east of Union Park. For this he paid S20O
per acre. Not long after Falrchlld q Son
and later on some of it sold for $1,000 per
acre. A part of this that was sold has been
Matted and is now rapidly selling for $500
and $500 per lot. Mr.. Dickerman is now
offering this property at 50, 600 per acre. 1t
is located on the north and south sides OF
University avenue, that on the south SIDE
being lust east Of Union Park. This state
ment of the case caused real estate dealer
To remark as follows yesterday: 1t does
seem strange that our wealthy citizens here
in St. Paul will remain idle and see these
opportunities for making money pass by
right before their eyes and not take advant-
age of them, and leave it for outside men,
men from foreign states, to come in here
and do the business that ought to be done
by st. Paul men and with ST. Paul capital.
This case of Dickernan's is not an isolated
one. Similar cases are continually oc-
curing"
ST. ANTHONY PARK.
Two weeks ago we published quite an ex-
tended article in regard to the great changes
that have taken place all through that dis
trict on st. Anthony hill, between the
Manitoba road on the north and the Chi
cago, Milwaukee & ST. Paul on the south.
in and around Hamlne, st. Anthony park,
Merriam and Union parks and the Mime
city of St Paul is destined to cut an inn
portant figure in the history of the progress
of this city. 1t is not necessary to repeat
the reasons why this is so. The location of
these points between two such cities as ST.
Paul and Minneapolis, and the beautiful
country occupied by them. are suggestions
that Immediately come into ones nina in
looking at this wonderfully thriving part of
St. Paul. In the article referred to was a
description of what is called st. Anthony
Park Last fall c. H. Pratt bought of j.
II. Knapp. Andrew Taintor and William
Wilson of Menominee, Wis, and n. P.
Langford Of St. Paul, 425 acres. Out of
this tract good deal was sold, amounting
in the aggregate to about SOB, 000 but for
various reasons the deeds were not recorded
till short time ago. This park has re-
Gently been sold by Pratt to the st. An
thony Park company for 1920, 600. This
sale included all the contracts referred to.
The company proposes to carry out the inn
provements begun by Mr.. Prattf which
include the complete drainage OF the whole
tract, the grading of all the principal
streets. Everything that can be done to
render this a complete and beautiful sub
urban settlement will be done. A landscape
artist has been all over it and laid out
everything III SUCH d way do W ithO oliO
streets convenient in accordance with the
topography of the ground. and at the same
time to preserve the beauty of the whole
region. A considerable number of resi-
dences have already been built there, and
the foundations are being put in for a NUM-
Der of others. This suburban village, as it
may be termed, will soon rival Merriam
Park. Both are about the same distance
from st. Paul, with the advantage little
in favor of st. Anthony Park. The resi-
dences that have been built there are very
attractive in their exterior appearance.
A depot costing some So. 500 has already