1051 Hudson Rd Saint Paul, MN 55106

This mixed-use property in Saint Paul, MN, features one retail or office space and two residential units. The commercial unit spans approximately 1,200 square feet and is suitable for retail, office, or service-based businesses, with a projected market rent of up to $1,300 per month. The residential units include a two-bedroom, one-bath apartment and a studio apartment, projected to rent for $1,300 and $850 per month respectively. The property produces a potential gross monthly income of $3,450 and an annual gross of $41,400. Positioned directly on the light rail line and along the newly constructed Gold Line rapid transit corridor, the property is located at the intersection of accessibility and future growth. The Saint Paul Downtown Alliance and the City of Saint Paul have launched an initiative to repurpose downtown office buildings into new residential units, which is expected to drive increased ridership, local business activity, and urban revitalization. The commercial space could be leased traditionally or adapted for specialized use, while the residential units could also serve as short-term or mid-term rentals catering to business travelers and transit users. Investors have the option to acquire the adjoining property for a package sale, further enhancing income potential and property value. The property is located on a lot of approximately 0.108 acres.