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2375 W University Ave 15,120 SF Office Building Saint Paul, MN 55114 $2,250,000 ($148.81/SF)
Investment Highlights
- Multitenant Building with ability for Owner Occupancy
- Well Kept with Recent Updates
- 21 Off-street Parking Spaces
- Zoned T3 – Traditional Neighborhood
- Strong Traffic Counts of 14,249 VPD
- Building Size: 15,120 SF
Executive Summary
• 15,120 SF: 2 Levels with 21 parking spaces in rear lot (additional parking surrounding building)
• Zoned T3 - Traditional Neighborhood. Permitted Uses: commercial, residential, office, retail and mixed-use options
• Convenient, easy access location with high visibility on University Ave W in St. Paul. Easy access to I-94 and centrally located in the Twin Cities Metro. 14,249 Vehicles Per Day on University Ave W
• Clean, contemporary and bright interior finishes. Highly desirable, modern and comfortable office environment.
• Unique opportunity for owner occupant or investor. Prime 1031 replacement property.
• Building has been exceptionally maintained and remodeled throughout current ownership.
• Two available units for owner occupants: 3,203 SF & 5,115 SF Suites available
• Current tenants include: ThinkSelf Inc., Home Group Inc., New Light Center LLC, Rise Inc., Keystone Interpreting Solutions Inc., Landmark Piano LLC, and Pete’s Mobile of MN LLC.
• Property surrounded with excellent neighborhood bars, restaurants, coffee shops and fast food options.
• University Ave is easily accessible with both bus lines and light rail
• Please contact listing brokers for rent roll and scheduling tours at Mark@resultscommercial.com & Sawyer@resultscommercial.com.
• Zoned T3 - Traditional Neighborhood. Permitted Uses: commercial, residential, office, retail and mixed-use options
• Convenient, easy access location with high visibility on University Ave W in St. Paul. Easy access to I-94 and centrally located in the Twin Cities Metro. 14,249 Vehicles Per Day on University Ave W
• Clean, contemporary and bright interior finishes. Highly desirable, modern and comfortable office environment.
• Unique opportunity for owner occupant or investor. Prime 1031 replacement property.
• Building has been exceptionally maintained and remodeled throughout current ownership.
• Two available units for owner occupants: 3,203 SF & 5,115 SF Suites available
• Current tenants include: ThinkSelf Inc., Home Group Inc., New Light Center LLC, Rise Inc., Keystone Interpreting Solutions Inc., Landmark Piano LLC, and Pete’s Mobile of MN LLC.
• Property surrounded with excellent neighborhood bars, restaurants, coffee shops and fast food options.
• University Ave is easily accessible with both bus lines and light rail
• Please contact listing brokers for rent roll and scheduling tours at Mark@resultscommercial.com & Sawyer@resultscommercial.com.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
15,120 SF
Building Class
C
Year Built
1930
Price
$2,250,000
Price Per SF
$148.81
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,560 SF
Building FAR
0.81
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
T3 - Traditional Neighborhood
Parking
21 Spaces (1.39 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Property Manager on Site
- Signage
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Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-29-23-43-0058 | Improvements Assessment | $908,500 |
| Land Assessment | $558,000 | Total Assessment | $1,466,500 |
Property Taxes
Parcel Number
29-29-23-43-0058
Land Assessment
$558,000
Improvements Assessment
$908,500
Total Assessment
$1,466,500
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