St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-21
ST. PAUL REAL ESTATE.
The Past Week Shows an Increase of
Strength in the Real Estate
Market.
seventh Street Property in Very Great
Demand and but Little if Any
to be Had.
All the Property Between w uDasha,
Jackson, Third and Seventh
Street in Active Demand.
Great Improvement Out on the Old
Fort Road--That Street Lined
With Business Blocks.

The real estate market during the past
week has been characterized by increased
strength and firmneSS, and by a much
greater demand for inside business prop
srty, especially on Seventh street. This
desire for business property on this street
when it could not be met, as it cannot be,
as there is but little, if any, real estate there
tor sale, has dropped back upon Fourth.
Fifth and Sixth and other streets between
WabaSha and jackson. On these streets
several lots have been sold for about $500
per front foot. The most vigorous demand
for business property has been on Seventh
street. between Robert and Wabasha. But
little if any can be found for sale. The
Geiselman block. on the north side of Sew
Rnth, between Minnesota and Cedar, which
was mentioned last week as having been sold
for 500, 900 was the last piece to be disposed
Of that is known to be i'm the market. The
southwest corner of Seventh and Cedar
streets was disposed of about three weeks
ago 1t is understood that there is no other
property between Robert and Wabasha for
sale. Attention is being attracted very
strongly TO all that property between Wa
baSha and Jackson and Third and Seventh.
1t is now the most eligible business prop
erty in st. Paul. and its importance and de-
sirableneSS is Inst beginning TO be appre-
uiatcd. +. +. BerriSford has Just purchased
the northeast corner of Sixth and Mime
sofa streets, with eighty feet on Sixth street
by one hundred feet deep, for S35, $50. and
pennOck Pussy has sold during the past
week week fifty feet on the east side of
RoSabel street. between Third and Fourth
streets. This fifty feet is one hundred feet
deep, and the price paid for it was 5000 per
front foot. This
Is NOT A HIGH PRICE.
The highest price that has thus far been
paid for real estate on Seventh street is $500
per front foot, and there are a good many
who do not understand how it is that prop
arty on that street should be sold for that
sum while real estate on Robert street be-
tween Sixth and Seventh, should be held at
Fl,000 per front foot. They argue that the
travel on Seventh street is ten time as great
rs IL is on Robert street. That is to say,
they assert that ten people pass a given
point on Seventh street where one passes a
certain point on Robert street. OF course
the Ryan hotel makes the Robert street To-
cation more desirable and the anticipation
Of the completion of the Robert street
bridge also serves to enhance the value of
ihe property referred to. Still it does not
Rem reasonable that it should make this
difference. Property is held very firm,
however, on Robert street and great things
ire expected of that thoroughfare when the
bridge is completed. That immense strue-
lure will, undoubtedly, when finished add
much to the value of property all along
that street. There is still another thing
that will greatly add to the business of the
street, and that is the Kerr pavement, which
Is laid from third to Seventh street. This
pavement is perfectly solid and impervious
20 water. In addition to this it may also
De stated that all the sewer, water and gas
connections have been made, consequently
The pavement need not be torn up to have
these connections made and thus cause I'M
Nenness in the surface. This is a very
important consideration.
NO WEAK SPOT.
Throughout the whole city real estate is
firm and it is impossible to find weak spot
anywhere. There is, of course, more de-
nand in some parts of the city than there
S in others, but in all parts property is firm
and strong. while holders are not particu-
.arly anxious to sell, being satisfied that
whatever they own is good to hold. The
western end of Seventh street above the
seven Corners has been greatly improved
Ever since the organization of the city il
las been as much neglected as has that
patch of ground between Wabasha and
Jackson and Third and Seventh streets.
For long years it was inhabited only by
squatterS who put up little shantieS and
surrounded them with ducks and geese,
and mongTel dogs. All the way out what
was then known as the Fort road, was an
nvarying scene of mud. squatterS, ducks,
duck ponds, and universal dilapidation.
Finally, the march Of civilization took
stroll up that way, and within seven or
eight years a transformation has taken
place, 50 that now a large number of costly
business blocks have been erected, and nice
residences have supplanted the shanties of
.he squatterS Now that part of Seventh
street which was formerly without business
IS full Of activity and life, and many large
and responsible establishments doing a
heavy business are to be found on either
side of the thOroughfare.