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The Crocus 664 Grand Ave 18,851 SF Retail Building Saint Paul, MN 55105 $3,650,000 ($193.62/SF)
Investment Highlights
- 10-Unit Mixed-Use Asset prominently located along highly desirable Grand Avenue in St. Paul
- Retail Component Anchored By Mick’s Bottle Shop and a new fully built-out Restaurant/Bar space (Russell’s)
- 43 Car Parking lot included in Sale. 20 Car Parking & Trash Easement with Frattallone's
- Diversified & Stable Income Stream with a balanced mix of 2 retail, 3 office, and 5 residential units, reducing overall investment risk
- 2nd Floor: 5 Apartments - (1) Studio, (3) 1 bedrooms, (1) 2 bedroom + 3 Offices
- Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back)
Executive Summary
• Diversified & Stable Income Stream with a balanced mix of retail, office, and residential tenants, reducing overall investment risk
• Retail Component Anchored By Mick’s Bottle Shop and a new fully built-out Restaurant/Bar space (Russell’s)
• 5 Apartments Upstairs including (1) Studio, (3) 1 bedrooms, (1) 2 bedroom
• 3 Fully Leased Offices on the 2nd Level with strong rental history
• 43 Car Parking lot included in Sale. 20 Car Parking & Trash Easement with Frattallone's (they pay 40% of maintenance, repairs, snow). 23 Dedicated spaces to 664 Grand.
• Recent Capital Improvements include extensive interior and exterior updates, highlighted by a high-quality complete Restaurant & Bar buildout completed approximately one year ago
• Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back)
• Stabilized Cash Flow with all units leased except for the available restaurant/bar space
• Value-Add Opportunity with vacant restaurant/bar space ideal for owner operator or lease-up
• Reason for Sale: Building & Restaurant Owner Retiring
• Ideal For investors seeking stable in-place income with upside or restaurant/bar operators seeking true turn-key potential
• 11,719 SF Above-Grade with 18,851 SF Total Building Area including basement
• Strong Grand Avenue Location with consistent foot traffic, established retailers, and affluent surrounding demographics
• Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey for more information and financials
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
¦ Turn-key restaurant & bar — high-quality full buildout completed approximately 16 months ago. ¦ 3,900 SF on the 1st floor, Seating up to 150 guests ¦ Large basement for office, coolers, freezers & storage. Approximately 2000 SF. ¦Interiors designed by Aaron Wittkamper Studio; ready for immediate operation by a new operator. ¦Prime Grand Avenue location—one of St. Paul's most recognizable, walkable retail corridors. ¦11,399+ VPD on Grand Ave; surrounded by national retailers, local boutiques, restaurants and cafés ¦Affluent surrounding demographics—average HH income of $167,101 within 0.5 miles. ¦Dedicated Restaurant Parking located in the rear of the building ¦Zoned B2 –Community Business; supports restaurant, retail, and a wide range of commercial uses
| Space | Size | Space Use | Position | Available |
| 656 | 3,900 SF | Restaurant | - | Now |
656
| Size |
| 3,900 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
656
| Size | 3,900 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
¦ Turn-key restaurant & bar — high-quality full buildout completed approximately 16 months ago. ¦ 3,900 SF on the 1st floor, Seating up to 150 guests ¦ Large basement for office, coolers, freezers & storage. Approximately 2000 SF. ¦Interiors designed by Aaron Wittkamper Studio; ready for immediate operation by a new operator. ¦Prime Grand Avenue location—one of St. Paul's most recognizable, walkable retail corridors. ¦11,399+ VPD on Grand Ave; surrounded by national retailers, local boutiques, restaurants and cafés ¦Affluent surrounding demographics—average HH income of $167,101 within 0.5 miles. ¦Dedicated Restaurant Parking located in the rear of the building ¦Zoned B2 –Community Business; supports restaurant, retail, and a wide range of commercial uses
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-28-23-41-0074 | Improvements Assessment | $2,002,300 |
| Land Assessment | $966,000 | Total Assessment | $2,968,300 |
Property Taxes
Presented by
The Crocus | 664 Grand Ave
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