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Investment Highlights

  • PENDING SALE

Executive Summary

The former Ace Bar was originally established as a hotel and bar in 1882. Since then, it has been continuously operated in the public sector for a number of uses. Most recently, starting in the 1930s it was a bar and full restaurant. Effectively there has been a food service and bar on that site for 82 years. [PENDING SALE]

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,270 SF
Building Class
C
Year Built
1882
Price
$679,000
Price Per SF
$73.25
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.35 AC
Opportunity Zone
Yes
Parking
250 Spaces (26.97 Spaces per 1,000 SF Leased)
Frontage
63’ on Saint Germain St E

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 9,270 SF
  • Retail
  • -
  • Now

The spaces consists of 9,270 SF with 6,340 SF on the main floor

Space Size Space Use Position Available
1st Floor 9,270 SF Retail - Now

1st Floor

Size
9,270 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 9,270 SF
Space Use Retail
Position -
Available Now

The spaces consists of 9,270 SF with 6,340 SF on the main floor

Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100

Nearby Major Retailers

Old National Bank
Green Mill Restaurant & Bar
Starbucks
Fifth Third Bank
Caribou Coffee
US Bank
Noodles & Company
Chase
Snap Fitness 24/7
Cash Wise

Property Taxes

Property Taxes

Parcel Number
17.00412.00
Land Assessment
$79,000
Improvements Assessment
$63,000
Total Assessment
$142,000
  • Listing ID: 29180244

  • Date on Market: 8/3/2023

  • Last Updated:

  • Address: 423 Saint Germain St E, Saint Cloud, MN 56304

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