St. Paul daily globe., 1886-05-23
ST. PAUL REAL ESTATE.
So Far as Gan Be Observed Real Estate is
Firm, Steady in Very Satisfao-
tory Demand.
The Demand Being Largely for Inside
Property With a Healthy Out
side Request.
Midway District Property Especially
Active and Large Sales There,
Reported.
west ST. Paul and Dayton's Bluff
property in Good Demand
and Firm.
A Healthy Market.


falling OIL in the total amount of transac-
tlohS. 1his Is partly due to the fact that
larger number of actual sales have been
wlthheid from publication than usual, and
partly 10 The fact that business has been
iittie less active. There has been during
the Whole week a steady and even business
Win good, active inquiry, but the nature
Oh the inquiries seem to have changed some
what from what it has been for MANY
months. During the past six months or
more the demand has been for outside acres.
IhiS demand or disposition to select outside
property seems to nave circled the CITY and
peen just as much inclined to one part of
tile CITY as TO another, until purchasers Of
tniS klnd OF property have succeeded in
picking up considerable portion of the un-
appropriated acres that could be attained at
reasonable prices. Buyers are now there
tore turning their attention more particu-
larly to inside property suitable for business
purposes. This district has somewhat
broadened out, and now extends from
Broadway and Mississippi street west as
1ar as Wabasha, and naturally includes
within Its scope all or nearly all from the
bluffs to the river. OF course, within this
limit there are many dwellings. Still
tmS is marked out by business
ana real estate dealers as the territory that
Is oestlned IN the not very distant future to
become the center OF the largest part of the
business transacted in the city of st. Paul.
1t Is within this district that a very large
part OF the inquiries for property have been
made during the week referred to. In saw
Ing this 1t IS not intended to intimate that
other parts OF the city were neglected. On
the contrary, purchases were made in almost
every part OF the city. Within this busi-
ness district referred to some noticeable
changes nave been made, which very dis
tlnctly foreSeadow the change that will
sooner or later be made there. MANY resi-
dences have already disappeared for the
purpose of making room for business blocks.
and many more are marked for disappear
ance and will soon go, to
GIVE WAY FOR BUSINESS
structures. 1t is probable that the district
between jackson and Wabasha, and Eighth
ana the river, will fast be appropriated AS
everybody In the city knows, this district
laS Deen Tor the last twenty years the most
neglected part of the town, notwithstand-
Ing IL IS right in the center of il. Mime
sofa, Cedar. Fifth and Sixth streets have
Tor many years been used as the cattle. hav
ana hog market. The property a quarter
OF century ago was obtained bv poor men
Ior little or nothing, and they have had it
ever since, until now it has become so yalu-
aDie that they cannot hold it longer
Wlthout improving it, Generally speaking
they have not the money with which to
improve it. and as they can obtain a good
price Tor 1t are willing to sell. All through
this district the change from few years
ago to the present time has been very
notlceapie. The Streets nearly all of them
nave peen graded and paved. Gas, water
and sewerage have been put in, and a con-
siderable part of it has been built up in
many parts with five-story brick and stone
blocks. 1t will be but a few years more
when this whole district will be turned into
a busy hive of industry. People who
live on Bluff, Twelfth, Thirteenth
and Fourteenth streets and the up
per parts of Jackson and Robert
streets feel the pressure caused by the en-
croachments of business 1t looks like a
large territory to cover for business pur-
poses. But if the city of st. Paul should
increase as much in the next six wears in
wealth, business and population as it has
in the last six years all this territory be-
tween Broadway and Wabasha streets
would be required, and good deal more.
10 accommodate the business of the city.
IL was but few years ago that the Midway
Park property went begging to get some
one to take it for $50, ,OOO and when the
mortgagors got rid of it at that price they
felt SO relieved that it was not in their
power TO express themselves To-day that
same property without the added improve
ments could not be bought for quarter of
million dollars. and in yerv short time
1t Will be worth four times that sum.
OTHER PARTS OF TOWN.
While this otfantioD hoe boo,.
business part of town residence lots have
not by any means been neglected. The de-
mand has been very excellent for this de-
scrptlon OF property in the Midway dis
trlct, where great deal has been sold. es-
peclally in Midway Heights. There has
also been great deal of activity all through
Merriam and Union Parks, around
Hamlne, st. Anthony Park. and
all through that district between
the two cities. This property seems
destined to always be in demand. 1t
is most favorably located, directly ON the
great lines of traffic between the two cities.
and in the inevitable necessities of the case
must increase in value. 1t is beyond all
question that there is to be a yery large
population all along through this magnlfi-
cent belt OF country, that lies spread out
between these two cities like the promised
land. 1t is beyond question that the Trans
Ter VIII draw an immense business out there
TO itself, and with that business will come
good zeal OF manufacturing, which means
an aggregation OF people that will sooner or
later I'LL up the open space that
now stretches out between the two
cities. Mr.. Sullivan, the superintend-
ent of the Transfer does not hesitate to
declare that 500 more houses are wanted
out there at this present time to accom-
modate the people that are there now and
that will be there before fall. He thinks
that the Transfer and its importance is not
appreciated by the people of ST. Paul.
While it is true that all that strip living be-
tween the two cities is exceedingly desira-
Bile as residence property, it must be ad-
mltted Dayton's bluff also presents build
ing sites that are possessed of very great
attractions in the way of picturesque views.
The property on Dayton's bluff has also
the advantage of being more mod
crate in price and accessible to town
by street cars. Attention during
the week has been directed towards West
81. Paul good deal. Ever since the an
nouncement was made that the Minnesota
d Northwestern road would come into the
city through West st. Paul, property in the
Sixth ward has been in great demand and
prices have been growing stronger and
stronger. This feeling was accelerated bv
the construction of the Robert street bridge:
so that property along Ducas street umped
up at a furious rate, and now Ducas street
is one of the best In the Sixth ward. Prom
erty, though it advanced very rapidly at
first in this district, is still firm and steady
and much sought after. A great MANY
valuable buildings are being constructed on
some OF the leading thOroughfares and in
| dicatlons are that the property in that part
of the city will go still higher In the
north part of the city and out beyond the
cemetery there is great Improvement, and
prices are very firm.
Miscellaneous. -
Mrs. Casey has commenced an excavation
for II four-story brick block on the west side
of Minnesota street. betWean Eo,,rtL s..a