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Commercial - Saint Paul, MN
• 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 conver...
• 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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