1154 Grand Avenue, Saint Paul, MN 55105
sale
$1,250,000
|
Other
Courtesy Of RE/MAX Results
Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul
Perfect Investor, 1031 Opportunity, or Owner/User with a vacant 2nd level office for immediate Buyer occupancy
11 car parking lot immediately behind the building.
Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), one occupied by Hovland Music and one vacant
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
One office suite is leased through March 1, 2028 to Hovland Music; the second office suite is currently vacant (owner user can occupy)
The 2nd Floor was previously rented as 2 apartments with a change in use to Office. Infrastructure remains the same (kitchens, bathrooms) 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
Please do not disturb tenants
Perfect Investor, 1031 Opportunity, or Owner/User with a vacant 2nd level office for immediate Buyer occupancy
11 car parking lot immediately behind the building.
Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), one occupied by Hovland Music and one vacant
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
One office suite is leased through March 1, 2028 to Hovland Music; the second office suite is currently vacant (owner user can occupy)
The 2nd Floor was previously rented as 2 apartments with a change in use to Office. Infrastructure remains the same (kitchens, bathrooms) 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
Please do not disturb tenants
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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
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