1154 Grand Avenue, Saint Paul, MN 55105
sale
$1,225,000
|
Other
Courtesy Of RE/MAX Results
- Fully Leased Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul
- ~6.17% Cap Rate - Perfect Investor or 1031 Opportunity
- 11 car parking lot immediately behind the building.
- Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), both occupied by Hovland Music
- Toppers Pizza is currently in its first 5-year NNN option term, expiring June 30, 2029, with an additional unexercised 5-year option commencing July 1, 2029
- Both office suites are leased by Hovland Music through 2032.
- The 2nd floor was previously rented as 2 apartments. Infrastructure remains the same (bathrooms + kitchens) so these could likely be converted back to apartments easily.
- Additional income from a billboard lease with Clear Channel, expiring March 31, 2029
- Prime corner location with excellent visibility, strong traffic counts, and high pedestrian activity at Grand Ave & S Dunlap St
- Gross building area: ~7,100 square feet including basement.
- Toppers: ~2,250 SF, Two offices: each ~1,300 SF, Basement: ~2,250 SF
- Lot Size: 9,000 square feet (0.21 acres) allowing for future development potential
- B2 Community Business zoning, allowing for a wide range of permitted commercial and mixed-use applications
- Highly walkable, amenity-rich location surrounded by national retailers including Starbucks, Kowalski s, CVS, Walgreens, University of St. Thomas, Macalester College, Concordia University, and many others
- Strong demographics, with an average household income of $155,132 within a 0.3-mile radius
- ~6.17% Cap Rate - Perfect Investor or 1031 Opportunity
- 11 car parking lot immediately behind the building.
- Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), both occupied by Hovland Music
- Toppers Pizza is currently in its first 5-year NNN option term, expiring June 30, 2029, with an additional unexercised 5-year option commencing July 1, 2029
- Both office suites are leased by Hovland Music through 2032.
- The 2nd floor was previously rented as 2 apartments. Infrastructure remains the same (bathrooms + kitchens) so these could likely be converted back to apartments easily.
- Additional income from a billboard lease with Clear Channel, expiring March 31, 2029
- Prime corner location with excellent visibility, strong traffic counts, and high pedestrian activity at Grand Ave & S Dunlap St
- Gross building area: ~7,100 square feet including basement.
- Toppers: ~2,250 SF, Two offices: each ~1,300 SF, Basement: ~2,250 SF
- Lot Size: 9,000 square feet (0.21 acres) allowing for future development potential
- B2 Community Business zoning, allowing for a wide range of permitted commercial and mixed-use applications
- Highly walkable, amenity-rich location surrounded by national retailers including Starbucks, Kowalski s, CVS, Walgreens, University of St. Thomas, Macalester College, Concordia University, and many others
- Strong demographics, with an average household income of $155,132 within a 0.3-mile radius
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: MANSON AND SIMONTONS ADDITION LOT 14 BLK 4
- MLSID: 7008180
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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