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Grand Ave Development Opportunity 2 Retail Properties in Saint Paul, MN
INVESTMENT HIGHLIGHTS
- The area surrounding Grand Avenue in Saint Paul is a vibrant, walkable neighborhood
- The area is also home to several prestigious colleges, including Macalester College, Hamline University and St. Catherine University
- Grand Avenue itself is a lively corridor filled with local cafes, boutiques, restaurants and essential services
- Grand Avenue area offers beautiful architecture, access to parks and trails and excellent connectivity to the rest of the Twin Cities
EXECUTIVE SUMMARY
Transwestern is pleased to offer a unique redevelopment opportunity located in the heart of St. Paul’s most vibrant retail and residential area. Located at the bustling intersection of Grand and Fairview Avenues, this property is ideally situated in a highly populated residential area and proximate to several prestigious colleges and universities.
The site is also served by strong retail amenities and sits on St. Paul’s busiest retail corridor. Grand Avenue has seen immense redevelopment over the past several years and continues to mix its historic feel with newly constructed apartments and redevelopments. Developers of the subject property will benefit from the success of surrounding
projects and can capitalize on an expanding population and strong household incomes to ensure a profitable project. Further, the existing owner would potentially be interested in anchoring a new development with its reputable retail establishment on the first floor.
The property consists of three contiguous parcels measuring a combined 0.7 acres and is currently improved with three separate retail buildings. All three parcels are zoned traditional neighborhood and guided for multi-optional development by the City of St. Paul.
The site is also served by strong retail amenities and sits on St. Paul’s busiest retail corridor. Grand Avenue has seen immense redevelopment over the past several years and continues to mix its historic feel with newly constructed apartments and redevelopments. Developers of the subject property will benefit from the success of surrounding
projects and can capitalize on an expanding population and strong household incomes to ensure a profitable project. Further, the existing owner would potentially be interested in anchoring a new development with its reputable retail establishment on the first floor.
The property consists of three contiguous parcels measuring a combined 0.7 acres and is currently improved with three separate retail buildings. All three parcels are zoned traditional neighborhood and guided for multi-optional development by the City of St. Paul.
PROPERTY FACTS
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 17,129 SF |
| Status | Active | Total Land Area | 0.71 AC |
| Number of Properties | 2 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 17,129 SF |
| Total Land Area | 0.71 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1800-1808 Grand Ave, Saint Paul, MN 55105 | Retail | 12,166 SF | 1965 | - |
| 1818 Grand Ave, Saint Paul, MN 55105 | Retail | 4,963 SF | 1913 | - |
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Grand Ave Development Opportunity
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