St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-01
ST. PAUL REAL ESTATE.
ST. PAUL REAL ESTATE.
Everything Indicates Strong and Solid
Market and Active Fall
Business.
The Town is Spreading on all Sides
Money Coming in for
Investment.
The Principal Demand Still Contin-
ues to be for Business and Resi-
dence Property.
West st. Paul Appears to be Going
Forward With Very Great
Activity.
How Lands Selling.


the real estate market as they have mani
tested themselves during the past week.
1t has about recovered from the rude shock
given it by the labor troubles and is now
rounding out into its normal condition.
There is gradually improving market, in
curry is more frequent more money is
coming in to be invested in real properly,
new manufactures are being located here
and every fact and incident of the season
points to greatly improved real estate
market, and to generally increased pros
perity in all departments of trade and bust
ness. The week has shown gradual
improvement in real estate that,
owing to the dizziness of the pre-
ceding month or six weeks is very noticea
BILE. The inquiry for business property has
been exceedingly active, both for improved
and unimproved. This class of property is
greatly sought after all over the city. Of
course some locations, like that of the
lower portion of the Second ward, between
WabaSha, Jackson, Seventh and Third
streets, has had the call over all other
points. Still. property in all other parts OF
the city has been in very active demand.
1t is the same in the more remote parts of
town as it is in the center of it. The diff
ference is only in degree. If one goes out
on Dayton's bluff for two or three miles he
will see the same desire for business prop
erty, and stores of all descriptions are bein g
erected in every direction. 1t is the
same everywhere in the city. There
has never in the history of the city
been such widening out of business. In
the north part of the city at Arlington
Heights, Merriam Park, Como, st. Anthony
Park, out on Rice street, everywhere it is
Nhn h1c of
Paul appears to be spreading out so as to
include the whole city. But two or three
years ago one or two stores at the other
end of the bridge, in West st. Paul, c0nsti-
tuted the whole business area of that part
of the city. Now two or three miles be-
You'd this point large brick business houses
have been erected and large settlements
have been made, while the first few stores,
located near the south end of the bridge,
have been superseded by long rows of three
and four story brick blocks. This is on
Dakota avenue alone. Now that the Rob-
ert street bridge is nearly completed, Ducas
street is coming prominently before the
people as business street, and there are
many people who do not hesitate to declare
that Dakota avenue has already found a
rival that will at least divide the business
of that part of the city. Each street or
avenue
HAS ITS ADVANTAGES
and disadvantages, and neither will be all
injury to the other. On the contrary, each
will aid the other, and both, in very few
years, will become leading thoroughfares.
There is no Disgusting the fact West st.
Paul has immense natural advantages that
are bound in the near future to
push her to the front; and there is some
thing rather curious, too, about these adj
vantageS. Heretofore, up to within two OF
| three years, the broad fiat and the north
| and east of the highlands has been regarded
as something absolutely worthless and
many are the lots in that locality that have
been abandoned or given away for the pay
ment of the taxes. Sometimes it has hap
| pened that they could not be given away,
| Tor there were none who would take them
and with them the incumbrance of paying
the taxes on them. All this stretch of ter
ritory was Overhowed once or twice a year
with great regularity, and these overflowS
had very strong tendency to depreciate
the value of the land. LII othet words, the
stock was watered, as Jay Gould would
say, and owners on those occasions offered
many times to ladle them out to anyone
that WI ld take them. All this is now
| changed. This immense fiat extending for
|
one of the principal and most potent
advantages that West st. Paul has to-day.
| The immense river front presents very
great advantages for manufacturing
| establishments and for shipping, as will
readily be seen by anyone, So all this
vast fiat that has heretofore been counted
as valueleSS, is now coming to be worth
many millions of dollars. and promises to
| become the center of a great manufacture
ing interest of which it is difficult to estimate
the value, This part of the city, across
the river is proving to be great surprise
and from present appearances it will soon
come to be one of the wealthieSt and most
thickly populated portions of the city
With all this increase in wealth and popn-
lation, has gone necessarily, an increase of
! business. Two or three miles south of the
bridge, where but short time ago there
was no population at all, and, of course,
no business, there is now a large number
of inhabitants with their school houses,
churches and business houses. The same
may be said of any other part of the city
to which ones attention is turned. The
city has spread out more within the last
| year or two than most people have any idea
! of, and few people who live in the center
| of the city and have business which pre-
| vents them from going out into the out
skirts have any idea of the growth and
general widening out of the outskirts. In
| all respects, in manufacturing, in popula
ton and in general prosperity st. Paul has
! never seen anything like the present.
miscellaneous.
1t was mentioned last week that DR.. Berk-
man had sold lot on the corner of Sixth and
Cedar streets for S42, 900. He has purchased
of Isaac Bernhemer lot IL, block 3, Rice &
1rving'S addition, on the corner of Sixth and
Franklin streets for $1,000 and viii improve
the same Immediately by erecting thereon
three stores and u stable.
On Tuesday last a part of the property of
Warren Carpenter, known as the Summit ave-
nue. lookout, was sold for $4,000 at auction.
The part sold was that embraced in the sharp
angle between Summit avenue and Ramsey
street. 1875 feet on the former and lat feet on
the latter. The purchase was made by Mrs.
Currie. 1t is said that it was pure hased for
the St. Anthony hill club.
1t is stated that the bonus for the Bohn
Manufacturing company has been raised. 1t
will be located in East St. Paul. About fifty
families will be connected with the establish
ment here, which will make pretty good lit
tie village itself.
There is talk of smelling works that are to
be located on the west side, but all that are
interested are very quiet about the matter
and refuse to say anything.
The property and plant of the ST. Paul har
vester works, in East ST. Paul, will be sold at
auction by the order of the court, Oct 10.
Greenleaf Clark is putting in foundation
for four story brick block, one hundred feet
/ c<l-