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515 Ohio St 2,890 SF Industrial Building Saint Paul, MN 55107 $745,000 ($257.79/SF)
INVESTMENT HIGHLIGHTS
- Functional ±3,000 SF warehouse with a fenced ±6,300 SF lot—ideal for contractors, trades, and owner-operators.
- Rare B2-zoned infill site offering immediate usability with long-term mixed-use or residential development potential.
- Assignable ROFRs enable future assemblage up to ±20,250 SF for phased expansion or redevelopment.
EXECUTIVE SUMMARY
515 Ohio Street presents a compelling infill investment and redevelopment opportunity in St. Paul’s West Side. The offering includes a functional ±3,000 SF warehouse and a fenced ±6,300 SF expansion lot, with B2 zoning supporting a wide range of commercial and mixed-use concepts. With assignable ROFRs on the adjacent parcels at 525 and 531 Ohio, a future owner can assemble up to ±20,250 SF of contiguous development area - an exceptionally rare scale within an established neighborhood. The warehouse is currently leased through December 2028, providing secure interim cash flow while expansion or redevelopment plans are prepared. Strong fit for owner-operators, small developers, and mission-driven housing providers.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Floor Drains
- Signage
- Storage Space
- Fiber Optic Internet
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- PLC Towing
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| PLC Towing | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 07-28-22-24-0013 | Total Assessment | $362,700 |
| Land Assessment | $45,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $317,200 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
07-28-22-24-0013
Land Assessment
$45,500
Improvements Assessment
$317,200
Total Assessment
$362,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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515 Ohio St
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