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Merchants of Crocus Hill 611 Grand Ave 11,578 SF 100% Leased Retail Building Saint Paul, MN 55102 $2,600,000 ($224.56/SF)
Executive Summary
Introducing 611 Grand Ave, a premier commercial property in the affluent neighborhood of Saint Paul, MN. This historic strip, a community fixture for over 80 years, is surrounded by popular shops, restaurants, and cafes, ensuring high foot traffic. The property is home to six established businesses, all 100% occupied, providing a reliable rental income stream. Zoned B2, the community business district is intended to serve a larger consumer population, characterized by a cluster of establishments generating large volumes of vehicular and pedestrian traffic. With a vibrant atmosphere and a diverse mix of national and local tenants, this is an exceptional opportunity to invest in a lucrative asset with endless potential in the heart of Saint Paul.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,578 SF
Building Class
C
Year Built
1923
Price
$2,600,000
Price Per SF
$224.56
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.78
Lot Size
0.34 AC
Zoning
B2 - CommB2 Commercial/Industrial
Parking
11 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
104’ on Grand Ave
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-28-23-32-0037 | Improvements Assessment | $2,012,900 |
| Land Assessment | $750,000 | Total Assessment | $2,762,900 |
Property Taxes
Parcel Number
01-28-23-32-0037
Land Assessment
$750,000
Improvements Assessment
$2,012,900
Total Assessment
$2,762,900
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Merchants of Crocus Hill | 611 Grand Ave