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Investment Highlights

  • Existing improvements include private offices, conference rooms, reception areas, and built-in storage.
  • Convenient Rice Street location offers direct access to I-694, I-35E, I-35W, and Highway 36.
  • Large onsite parking lot for tenants and clients
  • Large windows provide natural light and views overlooking a wooded pond setting.
  • Suitable for owner-users, investors, and professional office tenants seeking flexibility within an established office park environment.

Executive Summary

Located in the desirable Vadnais Heights/Little Canada office market, Blacktern Office Park is a well-maintained two-story office condominium offering an excellent opportunity for an owner-user, investor, or tenant. The 5,544 SF building features two (2) floors.  Upper floor 2,772 SF the lower floor 2,772 SF. Both floors are available for sale or lease. The lower level can also be demised into two approximately 1,386 SF suites, providing additional flexibility. Efficient floor plates include private offices, conference rooms, reception areas, built-in storage, and large windows overlooking a wooded pond. Conveniently located along Rice Street, the property offers excellent access to I-694, I-35E, Highway 36, and Interstate 35W.

2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 3254/3252
  • 2,772 SF
  • Office
  • $479,000 ($172.80/SF)
  • -
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange, Sale Leaseback, Lease Option, High Vacancy Property, Short Sale
APN/Parcel ID 31-30-22-33-0043, 31-30-22-33-0044
Description
Originally occupied by the developer of Blacktern Office Park, this exceptional office condominium presents a rare opportunity to acquire one of the property's premier suites. The building consists of approximately 5,544 square feet across two levels, offering flexible ownership and occupancy options for owner-users, investors, or tenants. Both the upper and lower level suites, each approximately 2,772 square feet, are available and can accommodate a wide range of professional office users. The lower level can also be divided into two approximately 1,386-square-foot suites, providing additional leasing and occupancy flexibility.

The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement or vacate on a flexible timeline, allowing for a seamless transition based on the buyer's needs. Efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, creating a comfortable and professional work environment. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, Blacktern Office Park offers outstanding accessibility while being surrounded by restaurants, retail, hotels, healthcare providers, and everyday amenities. Professionally managed through a well-established condominium association, this is a unique opportunity to own a flexible, high-quality office asset in one of the North Metro's most established business locations.
Sale Notes
Blacktern Office Park offers a rare opportunity to own or occupy a well-maintained 5,544-square-foot office condominium in the highly desirable Vadnais Heights/Little Canada office market. Originally occupied by the developer of Blacktern Office Park, the property presents a unique opportunity to acquire one of the development's premier office suites. Both the upper and lower level suites are available, providing exceptional flexibility for an owner-user, investor, or multi-tenant occupancy. The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement, or vacate on a flexible timeline, allowing for a seamless transition based on the buyer's needs. The efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, while the lower level can be demised into two approximately 1,386-square-foot suites for additional leasing flexibility. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, the property is surrounded by restaurants, retail, hotels, healthcare providers, and other everyday amenities. Professionally managed through a well-established condominium association, Blacktern Office Park offers a flexible, functional, and well-located office investment with outstanding long-term ownership potential.
  • Unit 3254/3252
  • 2,772 SF
  • Office
  • $479,000 ($172.80/SF)
  • -
Sale Type Investment or Owner User
APN/Parcel ID 31-30-22-33-0043, 31-30-22-33-0044
Description
Originally occupied by the developer of Blacktern Office Park, this exceptional office condominium presents a rare opportunity to acquire one of the property's premier suites. The building consists of approximately 5,544 square feet across two levels, offering flexible ownership and occupancy options for owner-users, investors, or tenants. Both the upper and lower level suites, each approximately 2,772 square feet, are available and can accommodate a wide range of professional office users. The lower level can also be divided into two approximately 1,386-square-foot suites, providing additional leasing and occupancy flexibility.
Sale Notes
Blacktern Office Park offers a rare opportunity to own or occupy a well-maintained 5,544-square-foot office condominium in the highly desirable Vadnais Heights/Little Canada office market. Originally occupied by the developer of Blacktern Office Park, the property presents a unique opportunity to acquire one of the development's premier office suites. Both the upper and lower level suites are available, providing exceptional flexibility for an owner-user, investor, or multi-tenant occupancy. The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement, or vacate on a flexible timeline, allowing for a seamless transition based on the buyer's needs. The efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, while the lower level can be demised into two approximately 1,386-square-foot suites for additional leasing flexibility. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, the property is surrounded by restaurants, retail, hotels, healthcare providers, and other everyday amenities. Professionally managed through a well-established condominium association, Blacktern Office Park offers a flexible, functional, and well-located office investment with outstanding long-term ownership potential.
Unit Unit Size Condo Use Price NOI
Unit 3254/3252 2,772 SF Office $479,000 ($172.80/SF) -
Unit 3254/3252 2,772 SF Office $479,000 ($172.80/SF) -

Unit 3254/3252

Unit Size
2,772 SF
Condo Use
Office
Price
$479,000 ($172.80/SF)
NOI
-

Unit 3254/3252

Unit Size
2,772 SF
Condo Use
Office
Price
$479,000 ($172.80/SF)
NOI
-

Unit 3254/3252

Unit Size 2,772 SF
Condo Use Office
Price $479,000 ($172.80/SF)
NOI -
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange, Sale Leaseback, Lease Option, High Vacancy Property, Short Sale
APN/Parcel ID 31-30-22-33-0043, 31-30-22-33-0044
Description
Originally occupied by the developer of Blacktern Office Park, this exceptional office condominium presents a rare opportunity to acquire one of the property&#39;s premier suites. The building consists of approximately 5,544 square feet across two levels, offering flexible ownership and occupancy options for owner-users, investors, or tenants. Both the upper and lower level suites, each approximately 2,772 square feet, are available and can accommodate a wide range of professional office users. The lower level can also be divided into two approximately 1,386-square-foot suites, providing additional leasing and occupancy flexibility.<br> <br> The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement or vacate on a flexible timeline, allowing for a seamless transition based on the buyer&#39;s needs. Efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, creating a comfortable and professional work environment. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, Blacktern Office Park offers outstanding accessibility while being surrounded by restaurants, retail, hotels, healthcare providers, and everyday amenities. Professionally managed through a well-established condominium association, this is a unique opportunity to own a flexible, high-quality office asset in one of the North Metro&#39;s most established business locations.</li></ul>
Sale Notes
Blacktern Office Park offers a rare opportunity to own or occupy a well-maintained 5,544-square-foot office condominium in the highly desirable Vadnais Heights/Little Canada office market. Originally occupied by the developer of Blacktern Office Park, the property presents a unique opportunity to acquire one of the development&#39;s premier office suites. Both the upper and lower level suites are available, providing exceptional flexibility for an owner-user, investor, or multi-tenant occupancy. The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement, or vacate on a flexible timeline, allowing for a seamless transition based on the buyer&#39;s needs. The efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, while the lower level can be demised into two approximately 1,386-square-foot suites for additional leasing flexibility. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, the property is surrounded by restaurants, retail, hotels, healthcare providers, and other everyday amenities. Professionally managed through a well-established condominium association, Blacktern Office Park offers a flexible, functional, and well-located office investment with outstanding long-term ownership potential.</li></ul>

Unit 3254/3252

Unit Size 2,772 SF
Condo Use Office
Price $479,000 ($172.80/SF)
NOI -
Sale Type Investment or Owner User
APN/Parcel ID 31-30-22-33-0043, 31-30-22-33-0044
Description
Originally occupied by the developer of Blacktern Office Park, this exceptional office condominium presents a rare opportunity to acquire one of the property&#39;s premier suites. The building consists of approximately 5,544 square feet across two levels, offering flexible ownership and occupancy options for owner-users, investors, or tenants. Both the upper and lower level suites, each approximately 2,772 square feet, are available and can accommodate a wide range of professional office users. The lower level can also be divided into two approximately 1,386-square-foot suites, providing additional leasing and occupancy flexibility.</li></ul>
Sale Notes
Blacktern Office Park offers a rare opportunity to own or occupy a well-maintained 5,544-square-foot office condominium in the highly desirable Vadnais Heights/Little Canada office market. Originally occupied by the developer of Blacktern Office Park, the property presents a unique opportunity to acquire one of the development&#39;s premier office suites. Both the upper and lower level suites are available, providing exceptional flexibility for an owner-user, investor, or multi-tenant occupancy. The current owner-occupant is willing to lease back a portion or all of the space under a new lease agreement, or vacate on a flexible timeline, allowing for a seamless transition based on the buyer&#39;s needs. The efficient floor plans feature private offices, conference rooms, reception areas, built-in storage, and attractive wooded pond views, while the lower level can be demised into two approximately 1,386-square-foot suites for additional leasing flexibility. Conveniently located along Rice Street with immediate access to I-694, I-35E, Highway 36, and Interstate 35W, the property is surrounded by restaurants, retail, hotels, healthcare providers, and other everyday amenities. Professionally managed through a well-established condominium association, Blacktern Office Park offers a flexible, functional, and well-located office investment with outstanding long-term ownership potential.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 5,544 SF
Property Type
Office
  • OfficeLoft Creative Space
  • Office Medical
  • Office Office Residential
Building Class B
Floors 2
Typical Floor Size 2,772 SF
Year Built 2000
Lot Size 0.11 AC
Parking Ratio 7.22/1,000 SF
Zoning C-1 - C-1 - General Commercial Business

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Waterfront
  • Reception
  • Storage Space
  • Air Conditioning
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 41374200

  • Date on Market: 7/21/2026

  • Last Updated:

  • Address: 3250-3254 Rice St, Saint Paul, MN 55126

Contact the Sale Advisor

3250-3254 Rice St

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