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Market Analysis for Downtown Redevelopment ***Draft*** <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />5.3Profiled Mixed-Use Developments---Residential Space <br />Vacant Unit <br />Base Rent/Sale Rent/Price per <br />Units <br />UnitsTypeSize of Unit <br />PropertyPriceSquare Foot <br />10361BR754-873$1,617-1,694$1.94-2.14Five-story building with <br />The Lighthouse Lofts <br />220 Lake St N2BR890-1,251$1,924-2,340$1.87-2.16 <br />underground heated parking. <br />Forest Lake3BR1,307$3,116$2.38 <br />8501BR738$1,551$2.10 <br />Boatworks Commons <br />Four-story building with 231 <br />4495 Lake Ave S2BR1,259$2,445$1.94 <br />covered, off street parking stalls. <br />White Bear Lake <br />Two level commercial space uses <br />the covered parking. <br />1202BR1,842-1,945$360,000$185-195 <br />Park Place <br />Three story building with heated <br />25 North Lake Street <br />underground garage and <br />Forest Lake <br />assigned spaces. 82 surface- <br />level parking spaces for <br />commercial space <br />Year Built: 2004 <br />Source: Interviews, Costar; Northstar MLS, LOCi Consulting LLC <br /> <br /> <br /> <br /> <br />Page | 77 <br /> <br />