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1955 University Ave W
Saint Paul, MN 55104
Office Property For Sale
Investment Highlights
- Located at signalized intersection
- Well maintained asset in the Midway
- Building is in a Qualified Opportunity Zone (QEZ) and is eligible for New Market Tax Credits
- Retail tenants on 1st level, office tenants on 2nd level
- Current office rents are below market allowing for new opportunity to capitalize on market rents
Executive Summary
1955 University Avenue is a proven, income-generating opportunity located in the vibrant Hamline-Midway corridor of Saint Paul, MN, a prime choice for buyers seeking stable cash flow and value-add upside in a dynamic urban market.?
Investment Highlights
?Consistent Income: The property features two ground-floor retail tenants and 15 established office tenants on the second level, ensuring stable, diversified rental revenue year-round.?
Outstanding Accessibility: Positioned on a signalized corner along University Avenue and directly across from Menards, the building offers exceptional visibility, easy METRO Green Line light rail access, and high foot traffic.?
?Well-Maintained Asset: With renovations completed in 2016, this two-story masonry building is in reliable condition and legally conforming for mixed-use commercial operations.?
?Parking & Convenience: Enjoy 22 convenient on-site parking spaces—a valuable feature in an urban setting.?
Upside Potential: Current office rents are below market averages, creating an opportunity for new ownership to capitalize on increased market rents as leases roll and operating efficiencies improve.?
Qualified Opportunity Zone: The asset is located in a Qualified Opportunity Zone (QOZ), making it eligible for significant tax benefits, including New Market Tax Credits, to maximize investor returns.?
Strong Area Fundamentals: Proximity to Allianz Field, Hamline University, popular retail destinations, and major highways fosters continued tenant demand and neighborhood growth.?
Proven Tenant Stability: With a blended tenant mix of retail and office, the property has demonstrated steady occupancy and reliable cash flow.?
Location Advantage
?Strategic, Transit Oriented Setting: Situated at the heart of a thriving commercial district with direct access to public transportation, major streets, and essential amenities, ensuring long-term tenant appeal.?
?Opportunity for Visionary Investors: Capitalize on below-market rents, strong occupancy, and area redevelopment momentum—a solid platform for value creation and portfolio growth.?
This is your chance to acquire a Saint Paul income property with all the fundamentals in place: strong tenants, strategic location, excellent accessibility, and built-in upside.? Contact Suntide Commercial Realty today to take advantage of this dependable, cash-flowing investment.?
Investment Highlights
?Consistent Income: The property features two ground-floor retail tenants and 15 established office tenants on the second level, ensuring stable, diversified rental revenue year-round.?
Outstanding Accessibility: Positioned on a signalized corner along University Avenue and directly across from Menards, the building offers exceptional visibility, easy METRO Green Line light rail access, and high foot traffic.?
?Well-Maintained Asset: With renovations completed in 2016, this two-story masonry building is in reliable condition and legally conforming for mixed-use commercial operations.?
?Parking & Convenience: Enjoy 22 convenient on-site parking spaces—a valuable feature in an urban setting.?
Upside Potential: Current office rents are below market averages, creating an opportunity for new ownership to capitalize on increased market rents as leases roll and operating efficiencies improve.?
Qualified Opportunity Zone: The asset is located in a Qualified Opportunity Zone (QOZ), making it eligible for significant tax benefits, including New Market Tax Credits, to maximize investor returns.?
Strong Area Fundamentals: Proximity to Allianz Field, Hamline University, popular retail destinations, and major highways fosters continued tenant demand and neighborhood growth.?
Proven Tenant Stability: With a blended tenant mix of retail and office, the property has demonstrated steady occupancy and reliable cash flow.?
Location Advantage
?Strategic, Transit Oriented Setting: Situated at the heart of a thriving commercial district with direct access to public transportation, major streets, and essential amenities, ensuring long-term tenant appeal.?
?Opportunity for Visionary Investors: Capitalize on below-market rents, strong occupancy, and area redevelopment momentum—a solid platform for value creation and portfolio growth.?
This is your chance to acquire a Saint Paul income property with all the fundamentals in place: strong tenants, strategic location, excellent accessibility, and built-in upside.? Contact Suntide Commercial Realty today to take advantage of this dependable, cash-flowing investment.?
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,696 SF
Building Class
C
Year Built/Renovated
1980/1989
Price
$1,800,000
Price Per SF
$114.68
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,848 SF
Slab To Slab
12’
Building FAR
0.56
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
Business/Commercial - Business/Commercial
Parking
32 Spaces (2.04 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 33-29-23-24-0079 | Improvements Assessment | $1,065,400 |
| Land Assessment | $502,300 | Total Assessment | $1,567,700 |
Property Taxes
Parcel Number
33-29-23-24-0079
Land Assessment
$502,300
Improvements Assessment
$1,065,400
Total Assessment
$1,567,700
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