St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-09-05
ST. PAUL REAL ESTATE
The Month Of August Shows a Coed
Total Of Sales Of Real
Estate.
Eastern Money Still Coming in for In
vestmsnt ia Realty in
st. Paul.
Property Here Still Continues Lew In
Price When Compared to
Other Cities.
Manufacturing Establishments are
Coming in With Remarkable
Rapidly.
ST. PAUL REAL ESTATE
Sales Still Go On.

Sales Still Go On.
August, which is usually supposed to be
very dull month in real estate, has shown
great activity and large transfers. Even in
the midst Of an unparalleled heated term men
were searching everywhere for profitable
investments. The summer visitors mani
tested unsual interest," and many of them
were determined to make some investment
which would hereafter enable them to par
ticipaue in the great advance in values
which are now beginning, and all good
Judges concede. are sure to come. The
business property of st. Paul, considering
its present size and Importance, is regarded
as very low and certain to make great ad-
vance within the near future. The sale OF
100 feet frontage on the west side OF
Jackson street. between Sixth and Seventh.
which recently went upon record at S7e0
per front foot, shows how remarkably con-
sentative the market has been. That prop
erty improved with good substantial build
ings will pay safe income On at least from
81, 200 to 81, 800 per front foot The whole
area comprising the business center en-
braced within the following boundaries.
running up Third to Seven corners; thence
to the intersection of College avenue: thence
easterly ON that avenue to Wabasha; thence
easterly on Eleventh street to Jackson, on
jackson to Eighth; thence easterly on
Eighth to Broadway; thence southerly
on Broadway to Third, contains vast
amount of fine property that
can be bought at such prices that when I'M
proved it will be bonanza to the owners
for all time. Shrewd spectators and far
seeing investors are picking up this prop
erty and either holding for an advance, or
improving it to keep as permanent invest
ments, On Wabasha and all intermediate
streets, as far east as Jackson and out to
Tenth, is an area that is developing very
rapidly and promises immediate returns in
the way of handsome advances over present
prices.
SUBURBAN PROPERTY.
There is considerable activity in the Como
district and some pretty large sales have
been in negotiation for some time past.
The expected widening of Como avenue
into boulevard, the erection of depots at
Warrendale and at the crossing of Como,
and the general appearance of the land in
that whole part of the city proves very at
tractive. This region is likely in the near
future to develOpe into very choice resi-
dence section. Reserve township has re-
CClFtu ltW lllpotuS 1IOIu luC pIOhpSCs VI -
motor line out Grand avenue to Manchester
avenue During the past week or two sew
eral large sales have either been consuul-
mated or contracted, and every tract thar Is
known to be in the market is likely to zsd
buyer in the near future A part OF the
Knapheide farm has been sold. Ten acres
of the Underwood tract, considerable
of the KerSt farm, also Adam KraSS' fifty
three acres, and the few tracts that are still
supposed to be Oh the market are being ad-
vanced in value rapidly. The region south
of Summit avenue is not likely to be i'll
vaded by manufacturing, and hence is re-
garded as exceedingly desirable for resi-
dences. The state park commission is con-
demning land around Minnehaha Falls for
state park, and it is well known that the
commission is in favor of taking a similar
amount of land on this side of the river in
Ramsey county, and will ask for the proper
legislation next winter. Should that
state park become an established
fact all lands in Reserve township
would be more OR less affected in value
thereby. The state fair and Exposition has
brought thousands of visitors to both cities
who having seen the marvellous develop
ments here in progress, are now convinced
of tie great future in store for st. Paul.
The IN
This solid and prosperous condition of
st. Paul as shown by the advance OF real
estate and the generally firm and strong
condition of its business and finances are
naturally attracting to her the attention of a
great variety of manufacturing corpora
tons who have become satisfied that this
city presents, for a great variety of reasons,
commanding inducements for the investment
of money in manufacturing establishments.
There is very good authority for the state
ment that not less than six establishments
of this character in Chicago are preparing
to establish branches here or transfer their
whole establishments to st. Paul. The re-
mOval of the BOhn manufacturing eStab-
lishment and number of others have al
ready been announced, and yesterday the
full particulars were given in these columns
of the contract that was made by the Union
Stock Yards company with Fowler Bros.
of Chicago and New York for the cOnStruc-
ton of pork packing establishment in ST.
Paul, with capacity for Strengthening 1000
hogs per day. to cost not less than quar-
ter of million dollars. This
is but the beginning of the
plant. When it is in operation and all the
industries that necessarily go with it, such
as a glue factory, tin-boX factory, barrel,
shops, the outlay will roll up toward a
million dollars. This firm of Fowler
Brothers that has takeu the contract for
this work, and Phil Armour, are the two
largest establishments of the kind in the
United States. The st. Paul Union Stock
Yards company is also negotiating with re-
sponsible and experienced parties to erect q
beef slaughtering house here in st. Paul,
with a capacity for Strengthening 500 cattle
per day. 1t cannot be otherwise than that
manufacturing establishments should come
here. The money, the location, the bust
ness and everything else calculated to at
tract capital exist here. 1t is
for the interest of capital and
manufacturing establishments to come
to ST. Paul. They come because it will pay
to come. If it did not pay they would stay
away. 1t is evident that st. Paul has now
reached point where she is sought after
for the purposes mentioned. 1t is also evi.
dent that the manufactures of the city will
rapidly multiply and go hand in hand in
helping to swell the vast volume OF trade
and general business of the city, which, in
the next five years will so largely increase
as to surprise most people.
A New Move.
There is considerable interest manifested
in the Pickerel lake district For the past
few days there has been considerable spec
ulaton among real estate men as to whether
or not there is any foundation for the
MANY rumors about the factories to be estab-
lished here. Those supposed to be inter
ested have been chary about giving infor-
nation. but things seem to have taken quite
definite shape.
Messrs. futile and Joy, together with a