St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-20
ST. PAUL REAL ESTATE.

The Growth of st. Paul as Indicated by
Business Blocks on Seventh
Street.
A General Inquiry for Inside Business
Property, but no Boom
Noticeable.
Miscellaneous Real Estate Transac.
ttons--The Record for the Last
Six Days.
Weekly Review.
The gradual improvement in the real es-
tate market noted earlier in the season still
continues and the demand for business
property and lots suitable for dwellings is
quite vigorous and improving. While val
liable business property, such as lies in the
district bounded by Wabasha, Jackson.
Seventh and Third, is in very active re-
quest, notice should be taken of the fact
that the area of the business district has
been very greatly enlarged. Far out on
West Seventh street will be found large
number OF three and four-story brick blocks
that are occupied by firms doing good and
constantly increasing business. Go in
street to the east, far out to the
east of Trout Brook, and the
same thing will be observed. These build
ings are five or six miles apart. If the ex-
animation was extended further it would be
discovered that similar buildings and SINH
lar business firms are located out as far as
Post Siding. This is on single street,
running from east to west. But very
short time ago two miles on Seventh street
would include every business block Of any
consequence upon that thoroughfare. AS
it is on Seventh so it is OH nearly all other
avenues leading to either of the extreme
limits of the city. Far out on Como av-
enue. two or three miles north on Rice
street, out Jackson, Wabasha and
Mississippi streets it is the same.
Out on all the avenues lead
ing to the outskirts of the city, where
two years ago there was not business
block, there are now many brick blocks
that are occupied by men who are doing a
thriving and profitable business. Seventh,
Rice. Mississippi and Jackson streets are
mentioned simply because being on this
side of the river they first come to mind.
If the memory of the reader is extended to
the west side of the Mississippi it will be
found that the same may be said of Dakota
and other avenues that traverse West st.
Paul. The amount OF building on that av-
enue during the past season has been such
as has probably never been eoualled in any
part of the city at any time. 1t ex-
tends far out upon the elevation
over which the avenue passes. This
EXTENSION OF BUSINESS
so far out into the country is one of the
most noticeable proofs Of the growth of
the city. Of course anyone knows that
expensive brick blocks would not be erected
in such remote districts, unless in those
localities there was business enough to
warrant the expenditure of the money
necessary for their construction. In other
words, in those distant localities large
populations have gathered, people and
business have increased together, so that
what was formerly an uninhabited territory
is now a thriving. money-making part of
the city. All of which denotes that the city
is rapidly, and in broad and permanent
way, extending in every direction. There
is no one fact that demonstrates this prop
Osition so clearly as this does. The suburbs
of the city, it will thus be observed, are
filling up with people and business, while
real property is increasing in value in pro-
portion in all directions. The north part
of the city, Arlington heights, all about
on Dayton's bluff, from Post Siding to the
river, everywhere it is the same. In all
these sections of the city property is in ex-
cellent demand AS an example it may be
stated that the Syndicate addition, consist.
ing of 562 lots, in West st. Paul near the
motor line depot on the Minnesota s.
Northwestern road. was placed on the mar
ket thirty days ago and yesterday the last
lot of the 500 was sold. There is still a
very active demand for all kinds of property
everywhere In West ST. Paul, and every
thing in that locality indicates that this de-
mand will continue, for according to re-
ports, other railroads besides the Minnesota
& Northwestern are likely to make their
way up through that part of the city. Of
course, the midway property continues to
hold the attention Of buyers, not because
of any special reason, any railway or motor
line project but because of the fact that
the property is so located that in the nature
OF events it must necessarily continue
valuable. It will, in the common sense of
events, be filled up with very desirable
population, and there are those who do not
hesitate to declare that Smelling avenue
will be a great business thoroughfare
There is much to give plausibility
to this prophecy. Evidence is being
daily furnished that this stretch Of beauti-
full country that lies so charmingly between
the two cities is rapidly coming to be more
and more thickly populated, and that neces-
Sarily there must be a large concentration
of people and business there. Among the
other pleasant localities in that vicinity is
what is known as Midway Heights. This
addition was put on the market but short
time ago, and now large part of 1t is dis
posed of. A day or two ago twenty-eight
lots were sold there, and now the proprie-
tor is considering the matter of taking it
out of market.
SUMMIT AVENUE PROPERTY
is also looking up, owing to the proposition
to pave it. 1t is proposed also to widen it
from Dale to the city limits, and to have it
abundantly lighted. Of course, real estate
on this superb avenue will always be in
demand, but now that these great improve
ments are proposed to be made new i'm
petus is given to it, and some of it has,
within very short time, doubled in value.
Yet, with all this demand and all this de-
sire to obtain desirable property, and with
all this increaae in values, there is no boom.
There is so much property in so many de-
sirable locations that can be had there is
little danger of seeing values raised to any
very strained or unnatural point, except,
perhaps, in isolated cases, where some rail-
road project or some other improv ement
breaks out in sudden and unexpected
manner. Then, of course, there may be
scramble. At present the market is steady,
firm and solid and is likely to so remain.
MISCELLANEOUS.
s. G. Sloan sold block 81, Stinson, Brown s.
Ramsey's addition to St. Paul, for $4,000
cash. Mr.. Rothschild is the purchaser aud
intends to divide into lots and sell at retail.
The proprietors Of St. Anthony Park have
determined to expend $4,000 in grading
streets and improving lots. This park is one
Of the gems of St. Paul.
Linden 6 Ham have sold during the week
S65,500 worth of property, one sale alone
amounting to $4,000 cash.
Building permits to the amount of about