612-715-2827
282 6th St E, Saint Paul, MN for Sale
Apartments - FOR SALE
1/30
null | Request Cap Rate

282 6th St E
Saint Paul, MN 55101
Lowertown


HIGHLIGHTS

  • Prime location in the Lowertown/Arts District of Downtown St. Paul
  • Walkable location with convenient access to key neighborhood amenities
  • Convenient access to major employment centers in both Downtown St. Paul and Downtown Minneapolis
  • Niche modern community with historic charm
  • Potential to enter the 4D program
  • Upside through additional retail leasing

OVERVIEW

Cushman & Wakefield is pleased to present for sale, Commission House, a 26-unit mixed-use multifamily property located in Downtown St. Paul’s vibrant Lowertown Arts District. Originally constructed in 1885 and fully renovated in 2020, the former warehouse retains exposed brick and historic character while offering modern systems, efficient layouts, granite countertops, and community amenities including a fitness room, shared gathering space, and app based laundry. The property is positioned in the heart of Lowertown, a highly walkable live-work-play neighborhood anchored by CHS Field and surrounded by breweries, restaurants, creative offices, and cultural institutions. Residents enjoy immediate access to Mears Park, the St. Paul Farmer’s Market, and a new downtown ALDI opening this summer, along with walkability to the METRO Green Line and convenient connectivity to I-94 and I-35E, providing easy access to both downtown St. Paul and Minneapolis. Currently, 2,848 square feet of retail space is leased to Warrior’s Garden Hemp and Wellness through July 2029. Additional upside exists through the lease-up of the remaining 6,820 square feet of existing vacant retail space. Commission House further benefits from meaningful investment upside through potential enrollment in the City of St. Paul’s 4D Affordable Housing Program, which could reduce real estate taxes by up to 80%.

FOR SALE DETAILS

PRICE

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# OF UNITS

26

CAP RATE

Request Cap Rate

% LEASED

54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commission House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,015 SF

ZONING

Commercial

APN/PARCEL ID

31-29-22-44-0060

ASK ABOUT THIS PROPERTY

Lance SteigerCushman & WakefieldMore Info
612-715-2827

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Lance SteigerCushman & WakefieldMore Info
612-715-2827

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