523 Jackson St Saint Paul, MN 55101

This commercial condo for sale is located in the prime Downtown St. Paul Central Business District. The space, zoned B5 - Central Business Service, was completely renovated in 2019, blending modern furniture and fixtures with the building's architecture. The current buildout, designed for a co-working shared office space, includes 2 restrooms, 5 offices, 3 cubicles, a conference room, and a kitchenette equipped with a fridge, microwave, 2 dishwashers, a sink, and ample cabinet space, as well as a reception area. In 2021, new HVAC and tuck pointing were completed. The property features floor-to-ceiling front windows providing natural light and signage on Jackson Street. It is located one block from the entrance to 35E & 94 E, with high traffic counts on both highways and Jackson, 10th, and 11th Streets East. Nearby neighbors include Jimmy Johns, a dentist, a child care facility, a credit union, and the Drury Plaza Hotel. Ample contract parking spaces are available for lease monthly (estimated at $150 per month) or daily (estimated at $3 per day), located one block from the building. Association dues are $2,374 per month, which includes an assessment for a large tuck pointing project. Once the assessment is paid in full, association dues will be lowered to the previous figure. The association covers water, sewer, property and liability insurance, trash, snow removal, building maintenance, building cleaning (including window cleaning), capital expenses (such as roof, parking lot, and tuck pointing), common area cleaning, common area operating expenses, and security. Heating and cooling are billed through the association and are variable based on usage. The lot size is approximately 0.057 acres.