664 Grand Ave - Storefront Retail/Residential FOR SALE


Saint Paul, MN 55105- Summit Hill
$3,850,000 USD
651-256-7404
664 Grand Ave, Saint Paul, MN for Sale
$3,850,000 USD
Storefront Retail/Residential - FOR SALE
1/66
null | Request Cap Rate

664 Grand Ave
Saint Paul, MN 55105
Summit Hill


HIGHLIGHTS

  • 10-Unit Mixed-Use Asset prominently located along highly desirable Grand Avenue in St. Paul
  • Diversified & Stable Income Stream with a balanced mix of 2 retail, 3 office, and 5 residential units, reducing overall investment risk
  • Retail Component Anchored By Mick’s Bottle Shop and a new fully built-out Restaurant/Bar space (Russell’s)
  • 2nd Floor: 5 Apartments - (1) Studio, (3) 1 bedrooms, (1) 2 bedroom + 3 Offices
  • 43 Car Parking lot included in Sale. 20 Car Parking & Trash Easement with Frattallone's
  • Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back)

OVERVIEW

• Results Commercial is pleased to exclusively present this 10-Unit Mixed-Use Asset prominently located along highly desirable Grand Avenue in St. Paul with Parking! • Diversified & Stable Income Stream with a balanced mix of retail, office, and residential tenants, reducing overall investment risk • Retail Component Anchored By Mick’s Bottle Shop and a new fully built-out Restaurant/Bar space (Russell’s) • 5 Apartments Upstairs including (1) Studio, (3) 1 bedrooms, (1) 2 bedroom • 3 Fully Leased Offices on the 2nd Level with strong rental history • 43 Car Parking lot included in Sale. 20 Car Parking & Trash Easement with Frattallone's (they pay 40% of maintenance, repairs, snow). 23 Dedicated spaces to 664 Grand. • Recent Capital Improvements include extensive interior and exterior updates, highlighted by a high-quality complete Restaurant & Bar buildout completed approximately one year ago • Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back) • Stabilized Cash Flow with all units leased except for the available restaurant/bar space • Value-Add Opportunity with vacant restaurant/bar space ideal for owner operator or lease-up • Reason for Sale: Building & Restaurant Owner Retiring • Ideal For investors seeking stable in-place income with upside or restaurant/bar operators seeking true turn-key potential • 11,719 SF Above-Grade with 18,851 SF Total Building Area including basement • Strong Grand Avenue Location with consistent foot traffic, established retailers, and affluent surrounding demographics • Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey for more information and financials

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crocus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

B2

APN/PARCEL ID

02-28-23-41-0074

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.