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611-42 S Grand Ave
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611-42 S Grand Ave
11,578 SF 100% Leased Retail Building Saint Paul, MN 55102 $3,700,424 CAD ($320 CAD/SF)
![611-42 S Grand Ave, Saint Paul, MN for sale - Building Photo - Image 1 of 17](https://images.loopnet.ca/i2/Goyz2GhoJP8l4LI1ifivwTP34LJu6tLSSqlIQMRpJ2Q/110/611-42-S-Grand-Ave-Saint-Paul-MN-Building-Photo-1-Large.jpg)
![611-42 S Grand Ave, Saint Paul, MN for sale - Building Photo - Image 2 of 17](https://images.loopnet.ca/i2/taqPX_znTF91bV7iDEwmZ0clSc1eIl1jgRotAD65ASA/110/611-42-S-Grand-Ave-Saint-Paul-MN-Building-Photo-2-Large.jpg)
![611-42 S Grand Ave, Saint Paul, MN for sale - Building Photo - Image 3 of 17](https://images.loopnet.ca/i2/A3yPlIUCfIoc_AscxiwMjudXy7EyXRtmk3e1pJHaovs/110/611-42-S-Grand-Ave-Saint-Paul-MN-Building-Photo-3-Large.jpg)
Investment Highlights
- Heavy Day Time Foot Traffic
- Excellent Visibility and Accessibility in a Vibrant, Dynamic Community.
- Long-Term Tenants
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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Taxes |
$131,357
![]() |
$11.35
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$131,357
![]() |
$11.35
![]() |
Financial Summary (Actual - 2024)
Taxes (CAD) | |
---|---|
Annual | $131,357 |
Annual Per SF | $11.35 |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $131,357 |
Annual Per SF | $11.35 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,578 SF
Building Class
C
Year Built
1923
Price
$3,700,424 CAD
Price Per SF
$320 CAD
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 ft on Grand Ave
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (83)
Nearby Major Retailers
![CorePower Yoga CorePower Yoga](https://images1.loopnet.com/i2/lK3tGtCrn_0FZeikSy5NwnBEp3w4gxu1ZuZIXYiqKxw/105/image.jpg)
![StretchLab StretchLab](https://images1.loopnet.com/i2/1Zu7J9kFbhs_LlHvzqW41MwK_nOggM9ofXUiK889gkc/105/image.png)
![Caribou Coffee Caribou Coffee](https://images1.loopnet.com/i2/NlHU4-mAYFYhkg833wPRdHmhGz69vK4ZiZpml2Mt1U8/105/image.png)
![Royal Bank of Canada Royal Bank of Canada](https://images1.loopnet.com/i2/TvO06ySvQxrdu1CyaNasHE7zU1NoXrlKC7SDEv_Kow8/105/image.png)
![Orangetheory Fitness Orangetheory Fitness](https://images1.loopnet.com/i2/naJx9KdE3g4Fn2fsYhHa6YTpce1mCJ4Jvp2VfZKSXAE/105/image.png)
![Timber Wolf Cross Fit Timber Wolf Cross Fit](https://images1.loopnet.com/i2/TPUtcdpPtcwhPtgyU7gKrrGOzr9BpfdGPNMpc2S4yzM/105/image.jpg)
![Pure Barre Pure Barre](https://images1.loopnet.com/i2/xQ5pkJLOLmy4i7JowgSIxvvsVkc6VSyV5KFv-sjUT5g/105/image.png)
![Jazzercise Jazzercise](https://images1.loopnet.com/i2/QZ9-kXG43a-3pLo2xd_qlhmsymlSyzOc9dzVdFwvjn4/105/image.png)
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Anytime Fitness Anytime Fitness](https://images1.loopnet.com/i2/t3RNkWYXc5vmPmd1J90Q5tui2LR1yrLWIdo-4j_02AE/105/image.jpg)
PROPERTY TAXES
Parcel Number | 01-28-23-32-0037 | Total Assessment | $3,916,730 CAD (2023) |
Land Assessment | $1,057,928 CAD (2023) | Annual Taxes | $131,357 CAD ($11.35 CAD/SF) |
Improvements Assessment | $2,858,802 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-28-23-32-0037
Land Assessment
$1,057,928 CAD (2023)
Improvements Assessment
$2,858,802 CAD (2023)
Total Assessment
$3,916,730 CAD (2023)
Annual Taxes
$131,357 CAD ($11.35 CAD/SF)
Tax Year
2024
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611-42 S Grand Ave
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