Explore the potential of this impressive ~ 3,320 SF commercial (5,520 SF total with unfinished basement) building just north of the State Capitol. Constructed in 1950 and located in the thriving Saint Paul area, this property offers an excellent opportunity for an Office, Retail or Professional Services Building investor or Owner-User. With its prime corner location in a bustling commercial district, this property promises high visibility and accessibility for potential tenants. Off street parking allows employees and visitors to park in rear of building. Current tenants include a Chiropractor (Owner) & Salon (Tenant). Plus, possible expansion opportunity with a full, unfinished basement!
Residential Units: 8-2BR/1Ba apartment homes (772 sf to 774 SF), 100% Occupied, Located in the Summit-University neighborhood at the corner of University Avenue and Virginia Street Across from the Western Avenue Green Line Light Rail Station with connections to downtown St. Paul, the Minneapolis Central Business District and the University of Minnesota, Minutes from shopping, dining and entertainment, Controlled access, Smoke free community, High speed internet Off street parking available with adjacent property Apartment units are furnished with washer/dryers, refrigerator, microwave, dishwasher, and air conditioning, Walk Score: 86 (Very walkable), Bike Score: 70 (Very bikeable), Nearby parks: Western Park, Central Village Park and Scheffer Playground.
This two story brick professional office/retail building is right on University Avenue and the METRO Green Line. There is a private parking lot across the street that can hold up to 11 cars as well as additional parking around the property. This is a great opportunity to move your business here and occupy some of the vacant space and capitalize on other additional income from existing tenants. The building has a common area entry off Arundel Street and an elevator to reach the 2nd floor. Front retail suites have private entry off University Avenue. Currently, there are 6 suites in the building but they can be re-configured if needed. Three are occupied and three are vacant. Total vacant space totals 2,241 square feet. All measurements and information are deemed to be accurate but are not guaranteed.
The median home value in Saint Paul, MN is $221,600. This is lower than the county median home value of $241,400. The national median home value is $219,700. The average price of homes sold in Saint Paul, MN is $221,600. Approximately 47.09% of Saint Paul homes are owned, compared to 47.23% rented, while 5.68% are vacant. Saint Paul real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Paul real estate agent to arrange a tour today!
Saint Paul, Minnesota 55103 has a population of 300,820. Saint Paul 55103 is less family-centric than the surrounding county with 30.05% of the households containing married families with children. The county average for households married with children is 31.97%.
The median household income in Saint Paul, Minnesota 55103 is $52,841. The median household income for the surrounding county is $60,301 compared to the national median of $57,652. The median age of people living in Saint Paul 55103 is 31.5 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 32.1 inches per year, with 52 inches of snow per year.