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1154 Grand Ave 7,100 SF Retail Building Saint Paul, MN 55105 $1,250,000 ($176.06/SF)
Investment Highlights
- Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul
- 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
- Please do not disturb tenants. All tours through listing brokers.
- Perfect Investor, 1031 Opportunity, or Owner/User with a vacant 2nd level office for immediate Buyer occupancy
- One office suite is leased through March 1, 2028 to Hovland Music; the second office suite is currently vacant (owner user can occupy)
- Contact Listing Brokers Hayden Hulsey, CCIM and Mark Hulsey at hayden@resultscommercial.com or mark@resultscommercial.com
Executive Summary
• 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.
• 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,100 SF
Building Class
B
Year Built
1912
Price
$1,250,000
Price Per SF
$176.06
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.21 AC
Zoning
B-2 - Community Business
Parking
11 Spaces (1.55 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-28-23-41-0076 | Improvements Assessment | $878,000 |
| Land Assessment | $338,000 | Total Assessment | $1,216,000 |
Property Taxes
Parcel Number
03-28-23-41-0076
Land Assessment
$338,000
Improvements Assessment
$878,000
Total Assessment
$1,216,000
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1154 Grand Ave
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