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Investment Highlights

  • Open Office Space Added in 2017
  • Drive Through Overhead Door
  • Located on East 7th Street with 5,000 VPD

Executive Summary

1196 7th Street East in Saint Paul offers a 5,220 SF freestanding flex building ideal for owner-users or investors. The property includes approximately 2,000 SF of modern office space, renovated in 2017, and 3,200 SF of shop/warehouse area with three drive-in doors for efficient operations. Zoned T-2, the site sits on 14,593 SF of land and features eight surface parking spaces, a fenced rear area, and radiant floor heating in the office section. With a new roof installed in 2017 and excellent overall condition, this property provides a functional and well-maintained environment for a variety of business uses. Offered at $975,000, the asset also qualifies for a 1031 exchange opportunity.

Property Facts Under Contract

Price $1,000,000
Price Per SF $191.57
Sale Type Investment or Owner User
Cap Rate 6.82%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • FlexLight Distribution
Building Class C
Lot Size 0.21 AC
Rentable Building Area 5,220 SF
No. Stories 1
Year Built/Renovated 1947/2017
Tenancy Single
Parking Ratio 1.53/1,000 SF
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning T-2 - T2 - Traditional Neighborhood District
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
28-29-22-44-0219
Land Assessment
$109,500
Improvements Assessment
$472,400
Total Assessment
$581,900
  • Listing ID: 37681880

  • Date on Market: 9/15/2025

  • Last Updated:

  • Address: 1196 7th St E, Saint Paul, MN 55106

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