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St. Paul Rehabilitation Center Opportunity

1246 W University Avenue St Paul, MN

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77,517 SF building designed for rehabilitation center use.

Type:OFFICE
Property size:
77,517 SF
Lot size:
1.56 Acres
Price / SF:
$48/SF
Added:
Sep 2, 2025
Days on Market:
314
Last Refresh:
May 19 at 8:53 pm

Property Features for 1246 W University Avenue

General Information

Standard status
Active
Size
77,517 SF
Lot size
1.56 Acres
Property subtype
OFFICE

Listing office CBRE - Minnesota

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


Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Location Intelligence

Current Use by Public Records

Rehabilitation centers

Suggested Use

Real Estate Agency Electrical Service Home Appliance Store Plumbing Service Kitchen & Bath Showroom Nail Salon (Bike/Boat/Book/etc) Store Pet Store Butcher Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

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 St Paul, 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.
Contact an agent
(307) 690-6388 Call to check price and availability
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