Merchants of Crocus Hill 611-42 S Grand Ave 11,578 SF 100% Leased Retail Building Saint Paul, MN 55102 $3,605,680 CAD ($311.43 CAD/SF)




INVESTMENT HIGHLIGHTS
- Heavy Day Time Foot Traffic, Prime Location
- Excellent Visibility and Accessibility in a Vibrant, Dynamic Community.
- Long-Term Tenants, Corner Lot
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 |
$127,993
![]() |
$11.05
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$127,993
![]() |
$11.05
![]() |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,578 SF
Building Class
C
Year Built
1923
Price
$3,605,680 CAD
Price Per SF
$311.43 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’ on Grand Ave
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (83)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 01-28-23-32-0037 | Total Assessment | $3,992,339 CAD (2023) |
Land Assessment | $1,078,350 CAD (2023) | Annual Taxes | $127,993 CAD ($11.05 CAD/SF) |
Improvements Assessment | $2,913,989 CAD (2023) | Tax Year | 2024 |