St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-07
The Great Cry is Still for Acre Property
Ali Around the Growing City of
ST. Paul.
Some Speculation as to the Meaning Of
the White Bear Deal Spoken of
Last Week.
Seventh Street Rapidly Filling Up
With Blocks Which VIII Leave
Few Vacant Lots.
y Growing Demand for Inside Prop
erty Which has Recently Been
Neglected for Acres.

SedSOH Is very Noticeable one IN TINS line.
Everybody appears to be buying Ion the
quiet" as though all thought there was not
real estate enough in the city and county tO
20 around aud accommodate all buyers. 1t
Is the most secret market st. Paul has ever
had. Heretofore there has been a desire
u give out all the news in regard To real
estate transactions. Now there il studied
effort To withhold information of sales and on
the part of some real estate dealers dispO-
SitiOn to prevaricate. This demOraliZing
prOclivity has never before been noticed
among st. Paul real estate dealers. They
have always been regarded as beyond all
susp ciOn in this respect, Now. however.
when they have a deal that they wish to
withhold from the public their minds
wander, their expressions are vague. This
is piece of thOughtlessness and fOrgetful-
ness, and the GLOBE now alludes to it
knowing that this esteemed class of citizens
will rectify this apparent waywardness.
WHERE THEY ARE BUYING.
There appears to be no special point
where deals are.being made Wherever any
thing can be bought at a reasonable price it
is picked up very quickly. Dealings are
distributed all over the city. The general
disposition all winter has been, as we have
said before, for acres. Inside property has
been to a considerable degree neglected.
Not because it was not wanted, or because
it was held too high, but because for the
time being more money could be made in
acres in proportion to the amount invested
than in city business property. During the
winter immense quantities of acre property
have been purchased. and much of it has
been cut up and sold at very handsome
advance, and some OF it has been resold for
the second and third time.
THE FAVORED SPOTS.
Of course there are some favored spots
like the Midway district, West ST. Paul.
Phalen lake, etc. These points are well
known as specially desirable, and the deal
ings have been very active there for some
time. Generally speaking. however, bust
ness has been we'll distributed all through
the city, except. as before remarked. in re-
gard to inside business property. This has
been neglected. 1t Will be heard FROM how
ever. There has been during the week a
great deal of inquiry for Seventh street
property, and number of people from the
East have been here endeavOring to secure
good locations on that street upon which to
build. Others have sought to buy property
OH that street that has beenlimprOved. Mr..
Geiselman. who erected last year
fOur-story brick ifty-foot block
on the street referred to, was
offered SIS, 600 cash for the property, but
declined it. 1t cost him fraction less than
that sum. The $4,000 profit was no mat
ter of consideration at all, as one of the
stores in the block will readily rent for
81. 600 per annum. 1t will not be long be-
fore there will be no vacant lots on Seventh
street. Mr.. ReardOn OWNS fifty feet on the
southwest corner of Seventh and Cedar
streets. and Mr.. Potter owns the adjoining
fifty feet west. This 100 feet facing Sew
enth street is now being cleared off pre-
paratory to the building up of the whole
100 feet. Mr.. Reardon has not fully de-
cided as to whether he will put up four or
a seven-stOry block. Mr.. Potter is not in
the CITY and it is not definitely known what
he expects to do. Last fall it was his in
tentiOn to erect fOur-stOry block. The
roads are in such poor condition that real
estate dealers have not as yet been out
much to show property.
WHITE PEAR NEWS.
Last Sunday the GLOBE gave exclusively
the news of the transfer of all the stock of
Wildwood Park association to j. C.. O'GOr-
man of Saltwater. The annual election of
that corporation occurred in st. Paul on the
Sd instant. when an entire new board OF
directors was elected. 1t is supposed that
these directors are in the interest of some
railroad company, as the attorney of a
through Chicago line was present advising
as TO all steps and proceedings. 1t is said
that the Wisconsin Central will swing its
line around to the lake shore and build an
elegant depot close to the head of White
Bear lake. At the north end of the lake,
at the end of main street in Garden Place,
very handsome depot is being
built on the Duluth railroad. The
trains will land passengers on the
platform at the station and they can walk
| over to the lake size where the steamer will
take them off the dock. Several railroad
surveying parties have been at work on the
east and north sides of the lake for several
| days past and everybody is on the watch to
lind out what is going on. but all are very
reticent and either do not know themselves
or are pledged to secrecy. Several sales of
land have been made between Bald Eagle
and White Bear lakes recently at high tg-
ureS.
REAL ESTATE AT OTHER POINTS.
Reserve township lands have been sought
| after quite freely because they lie SO di-
rectly between the two cities and several
sales are reported which have not yet
| reached the register of deeds office, or if
| they have they have been withheld
from the public. Business property is be-
| ginning now to be demanded, and within
the past two weeks several sales of proper
ties have been made. Conservative invest
Ors. after examining real estate in the heart
of the city express great surprise at the low
| price placed on real property. Broadway,
| ROSabel and WacOuta streets are neglected,
| and QprOpeTty on those streets cannot
| DE sold. but it is SO obviously the seat and
center Of the great wholesale district, that
| fortunes can and will be made by buying
| up this property al present prices. Cedar,
| Minnesota. Sixth and Fifth streets between
| rhmd and Seventh. and between Wabasha
| and Broadway must in the near future be
utilized for business, yet property can
! be bought as cheaply OIL these streets
as in some much smaller. The sudden and
unexpected rise in suburban acres, which
| has brought farm lands within from three
To five miles of the center of town up from
$50 to 5000, and from $50 to Sl50 per
acre, will have its parallel in the advance
| in business property in the near future.
INSIDE PROPERTY.
All the property within the area bounded
| by Third street and Seventh, or even up u
! Ninth street, from Seven Corners TO Broad
way, will soon advance decidedly over pres
| ent prices. st. Pauls citizens. who have
always been noted for their extreme eau
uuu and conservative prociivities, are begin
ming to realize that inside business property
= very cheap. They are quietly
seen ng the corners and the most
lies rable lots. Shrewd operators from
abroad are also quietly looking up every
thing that can be got al low prices on easy
| ,erms. it looks now as If by the LIST OF
| June the activity which has prevailed all
| Nvintnr i'm nntsinn nrnnprtV will he trims.