RATASKAEVU ST 4
For sale, a building with an excellent location in Tallinn Old Town, with a purpose of 50% business land and 50% residential land.
BUILDING
A building with a Baroque exterior, construction started in the 14th century, consists of 4 above-ground floors including a mezzanine and 1 basement floor. The total area of the building is 510.6 m², of which business and residential spaces make up 463.1 m². The total volume of the building is 2,353 m³. The condition of the building is good. Water, sewerage, and heating are centralized. There was previously gas heating, which leaves the new owner with options for the heating system. In the summer of 2023, a complete renovation of heating and water pipes was carried out on Rataskaevu Street.
Utility costs have been reasonable. Larger apartments had utility costs of about €100 (€1-1.2/m²) in winter + electricity.
The property size is 135 m², of which the building footprint is 126 m². This is 50% business land and 50% residential land. The apartment building has 4 apartments and 2 business spaces.
Various possibilities for room usage, such as offices, bureaus, guest apartments, or long-term rental apartments.
APARTMENTS/BUSINESS SPACES
Separate business spaces and apartment ownerships have been formed.
Ground Floor:
1. Business space with basement rooms, total area 86.2 m²
2. Business space with basement rooms, total area 73.8 m²
Business spaces renovated in summer 2025.
2nd Floor:
2-room apartment with a total area of 88.9 m².
The apartment consists of an entrance hall, utility room, utility node, bathroom/WC, sauna, living room-kitchen, and bedroom.
3rd Floor:
2-room apartment with a total area of 92.2 m².
The apartment consists of an entrance hall, utility node, bathroom/WC, living room-kitchen, and bedroom.
4th and Mezzanine Floor:
1. 2-room apartment with a total area of 60.7 m²
2. 2-room apartment with a total area of 61.3 m²
Total net area is 463.1 m²
PARKING
Parking is possible in the surrounding area (T1 parking zone) with a city resident permit.
LOCATION
The apartment is just a few minutes' walk from cozy cafes and intimate restaurants, culture and entertainment, beautiful parks, and an attractive harbor facing the sea.
The nearest grocery store is right at the corner of Rataskaevu Street and on Pikk Street. Cozy cafes are also located directly on Rataskaevu Street.
Special mention goes to the newly emerging elegant luxury hotel/club Bombay, which will further increase the real estate value of Rataskaevu Street!
Additionally, nearby are the Baltic Station Market, Viru Center, Department Store, Rotermann Quarter, Kalev Spa, MyFitness sports club, and Coca-Cola Plaza cinema.
HISTORY
According to the Estonian Register of Buildings, the building reached its current volume and height in 1940. The estimated beginning of construction is the 14th century.
Rataskaevu Street emerged in the 11th century and was a connection between the trade route from the south, Pärnu Road, and the Town Hall Square.
The street was first mentioned in 1328, but the well that gave the street its name was first mentioned in the Tallinn hereditary book on April 30, 1375, as Sternsodi well.
ADDITIONAL INFORMATION
A very valuable Baroque-style building characteristic of the heritage area and shaped by its construction tradition, built in several stages. Preserved with many valuable structural and interior details from the construction period and later (Baroque painted beam ceiling on both the basement and first floors (early 18th century) and two historical stone portals (16/17th century) on the first floor.
SALES INFORMATION
Price is €1,970,000
It is possible to buy individual apartment ownerships and business spaces. All spaces are covered by rental agreements.
More information available by phone or email (floor plans, etc.)
