935-937 Arcade St - Storefront Retail/Residential FOR SALE


Saint Paul, MN 55106- Payne-Phalen
$400,000 USD
651-492-0563
935-937 Arcade St, Saint Paul, MN for Sale
$400,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | Request Cap Rate

935-937 Arcade St
Saint Paul, MN 55106
Payne-Phalen


HIGHLIGHTS

  • High-visibility mixed-use property located on Arcade Street, a prominent arterial in Saint Paul’s Payne-Phalen neighborhood
  • The Arcade Street corridor features strong traffic counts and a diverse mix of storefronts, services, and local businesses
  • One to two (1–2) retail spaces on the main level, including one large space that could easily be demised for multiple tenants
  • Additional main-level warehouse/storage areas provide flexible commercial or back-of-house use. A 1,700 SF garage is also included.
  • Two (2) income-producing residential apartments located on the second floor
  • Surface parking lot with approximately 18 off-street spaces. Cannabis friendly zoning.

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the offering of 935-937 Arcade Street in Saint Paul, Minnesota 55106 ("Property"). This two-story mixed-use building features approximately 35 feet of frontage along Arcade Street and totals 4,308 square feet. Originally constructed in 1884, the Property retains its historic character while offering flexible space currently configured for multiple tenancies; there are two retail suites on the main floor, two apartments on the second level, and warehouse/garage space in the rear of the building. Cannabis friendly zoning. Located in Saint Paul's vibrant Payne-Phalen neighborhood, the Property benefits from strong visibility on a well-trafficked commercial corridor, surrounded by a growing mix of retail, service, and dining establishments. The area is undergoing a transformative $30 million infrastructure improvement project, including complete reconstruction of Arcade Street, sidewalks, and utility systems (water, electric, gas, etc.). This work is actively underway and is scheduled for completion by early Fall 2025, positioning the Property for increased long-term value and enhanced curb appeal. This is an ideal opportunity for investors, owner-users, or developers looking to capitalize on a centrally located asset within one of Saint Paul’s most active and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,232 SF

ZONING

T2

APN/PARCEL ID

29-29-22-41-0017

ASK ABOUT THIS PROPERTY

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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