1246 W University Avenue MN
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77,517 SF building designed for rehabilitation center use.
Type:MULTIFAMILY
Property size:
77,517 SFLot size:
1.56 Acres- Added:
- Sep 2, 2025
- Days on Market:
- 216
- Last Refresh:
- Apr 2 at 12:51 am
Property Features for 1246 W University Avenue
General Information
- Standard status
- Active
- Size
- 77,517 SF
- Lot size
- 1.56 Acres
- Property subtype
- MULTIFAMILY
Listing agent Harrison Wagenseil, CCIM License #MN 40470532 (307) 690-6388
Listing office CBRE - Minnesota (307) 690-6388
Listing date Sep 2, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Minnesota
Overview
St. Paul Rehabilitation Center Opportunity
This 77,517 square foot, four-story building is a former Nuway site, previously used by BCA/State of MN. Constructed in 1929 and renovated multiple times, the property is designed for a 42-bed rehabilitation center on the fourth floor, with additional expansion space available. Floors 1-3 feature move-in-ready office space. The building includes two elevators and three stairwells. There are 14 existing restrooms on floors 1-3, with additional restrooms planned for the fourth floor. The property features a diesel back-up generator and fiber connectivity. A boiler was replaced in 2019. The building is partially sprinklered. The property includes a surface parking lot on either side, providing 78 stalls, and two drive-in garage stalls suitable for equipment storage. Ceiling heights range from 10.5 to 12 feet. Situated on 1.561 acres with 355 feet of frontage along University Avenue and a depth of 191 feet, the property is zoned T-4 Traditional Neighborhood, with a construction type of IIA and an occupancy classification of Institutional I-1 Condition 2. It is located in an Opportunity Zone, near Lexington Station and Hamline Station (light rail), Super Target, and Allianz Stadium, offering good visibility on University Avenue. New residential housing projects are located next door and in the surrounding neighborhood. The property includes large training rooms, numerous conference rooms, and breakrooms. It was previously multi-tenant and offers signage opportunities. The location is near parks, schools, retail, restaurants, and bus stops. The type of licensed facility is Chemical Dependency and Mental Health Treatment Programs-Residential, consistent with Section 308.2, which lists alcohol and drug centers.
Location Intelligence
Current Use by Public Records
Rehabilitation centers
Nearby Similar for Sale
FAQs
What type of property is this?
Rehabilitation center - 77,517 SF building designed for rehabilitation center use.
Where is this rehabilitation center located?
The property is located at 1246 W University Avenue MN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Designed for 42 beds on the 4th floor with expansion space, suitable for an inpatient rehabilitation center.; Located in an Opportunity Zone, offering potential tax benefits.; Prime location on University Avenue with high visibility, near transportation and amenities.
