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- LoopNet Team
1553 W University Ave
Saint Paul, MN 55104
Hot Rod's Bar & Grill · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Across the street from the new MN United Stadium
- Located on Light Rail Line
- 15,400 VPD on University Ave
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 1553 W UNIVERSITY AVE , SAINT PAUL, MN 55104
Prime Stand-Alone Retail on University & Snelling (busiest St. Paul intersection) on the Light Rail Line and across from the New Allianz Minnesota United Soccer Stadium. Hot Rod’s Bar - Family owned and operated for ~50 years. Can continue as bar or become new retail. Price of FF&E from bar is included in list price. This sale presents a fantastic opportunity for an Owner/User or an investor to purchase an asset in an extremely high growth area. The 3-floor building totals over 10,300 SF and includes parking in the rear. 2nd level is framed in for about 2 apartment units or else could become tied into the main level operation. With many of the surrounding buildings and lots planned for redevelopment, this is a rare chance to get in on the ground floor and reap the benefits of the rejuvenated area. There's a billboard on the top of the building with a year to year contract for about $4,500/year. Remodeled in 2010 with new roof, stucco, floors, restrooms, 7.5 ton AC unit. Improvements totaled about $600,000. Contact Brokers for more information.
PROPERTY TAXES
| Parcel Number | 34-29-23-23-0182 | Improvements Assessment | $677,200 |
| Land Assessment | $205,500 | Total Assessment | $882,700 |
PROPERTY TAXES
