1154 Grand Ave - Storefront Retail/Office FOR SALE


Saint Paul, MN 55105- Summit Hill
$1,250,000 USD
651-256-7404
1154 Grand Ave, Saint Paul, MN for Sale
$1,250,000 USD
Storefront Retail/Office - FOR SALE
1/34
null | Request Cap Rate

1154 Grand Ave
Saint Paul, MN 55105
Summit Hill


HIGHLIGHTS

  • 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
  • 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
  • One office suite is leased through March 1, 2028 to Hovland Music; the second office suite is currently vacant (owner user can occupy)
  • Please do not disturb tenants. All tours through listing brokers.
  • Contact Listing Brokers Hayden Hulsey, CCIM and Mark Hulsey at hayden@resultscommercial.com or mark@resultscommercial.com

OVERVIEW

• 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. All tours through listing brokers. • Contact Listing Brokers Hayden Hulsey, CCIM and Mark Hulsey at hayden@resultscommercial.com or mark@resultscommercial.com for additional information, rent roll, expenses, or to schedule a tour.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B-2

APN/PARCEL ID

03-28-23-41-0076

ASK ABOUT THIS PROPERTY

Mark HulseyResults CommercialMore Info
651-256-7404

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Mark HulseyResults CommercialMore Info
651-256-7404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.