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.

ATTACHMENTS

611 Grand Ave

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
Storefront
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

Caribou Coffee
StretchLab
CorePower Yoga
Royal Bank of Canada
Orangetheory Fitness
Timber Wolf Cross Fit
Chase Bank
U.S. Bank Branch
Anytime Fitness
Pure Barre

PROPERTY TAXES

  • Listing ID: 32278874

  • Date on Market: 2024-06-27

  • Last Updated:

  • Address: 611-42 S Grand Ave, Saint Paul, MN 55102