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17 Exchange St W
Saint Paul, MN 55102
Gallery Professional Building · Office Property For Sale
Investment Highlights
- Fully built out for medical use
- Includes two emergency generators for comprehensive electrical backup.
- The full build out and large size make it an ideal location for an institutional entity, like a government department, university, or hospital system
- Attached underground parking provides secure and accessible vehicle storage.
Executive Summary
Offered at $8,500,000, this 122,000-square-foot medical office property at 17 Exchange Street West represents a unique opportunity in downtown St. Paul’s established healthcare corridor. The property, previously built out for full medical use, includes multiple floors with flexible open and private configurations that can accommodate a variety of institutional or healthcare needs. Its direct skyway connection to St. Joseph’s Hospital ensures seamless access to healthcare services, while amenities such as underground parking, on-site management, and robust HVAC infrastructure deliver significant long-term operational value. Additionally, the inclusion of district cooling, multiple emergency generators, and structurally sound design positions the asset as an attractive option for investors or end users seeking a mission-driven campus environment. Surrounded by thriving commercial and government activity, the property offers immediate scalability and redevelopment potential in a highly visible urban setting.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
122,000 SF
Building Class
B
Year Built/Renovated
1978/2002
Price
$8,500,000
Price Per SF
$69.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
15,250 SF
Slab To Slab
10’
Building FAR
5.72
Lot Size
0.49 AC
Zoning
MX-1 - Mixed Use
Parking
8 Spaces (0.07 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Skyway
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,482,500 | |
| Land Assessment | $426,500 | Total Assessment | $1,909,000 |
Property Taxes
Parcel Numbers
Land Assessment
$426,500
Improvements Assessment
$1,482,500
Total Assessment
$1,909,000
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