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1 <br />1 <br />1 <br />1 <br />1 <br />C <br />I <br />E. V. DOLAN CO. <br />REALTOR AND APPRAISER <br />COMPARABLE BUILDING SALE #4 <br />E. VINCENT DOLAN, M.A.I. <br />NORTHERN FEDERAL BUILDING <br />ST. PAUL, MINNESOTA 55102 <br />The northeast corner of White Bear Avenue and County Road C, <br />which was <br />formerly the Harmony Public School, was sold in February of <br />1985 for <br />$750,000. This property sold on the basis of. $16.69 per square <br />foot <br />of building area including land or $1.47 per square foot of <br />land area <br />including building. The land contained some 11.67 Acres and <br />was rolling <br />in topography. It was served by all the public utilities found <br />in the <br />area. The improvements, most of which was built in 1962, was <br />concrete with a brick exterior and there was a flat. built:up <br />reinforced <br />pitch and <br />gravel roof. The building contained a total of some 44,q26 <br />square feat. <br />The old section of the building and approximately 1/3 of the <br />new section <br />were two-story, the balance of the building was one-story. <br />At the time <br />of sale, the property was zoned Farm -Residential and it was <br />to be rezoned <br />for the intended use. <br />1 11 <br />Page 23 <br />