Vacant 16-Story Apartment
For Sale
Contact for pricing
Pending
386 Wabasha St N, Saint Paul, MN 55102
Completely vacant 16-story high-rise with heated garage parking and as-of-right B4 zoning for conversion.
Property Size215,750 SF
Days on Market131
Property Features for 386 Wabasha St N
General Information
Standard status
Pending
Size
215,750 SF
Total Parking Spaces
225
Property subtype
Multifamily
Zoning
B4
Additional Details
Highway Access
Yes
Building Details
Stories
16
Listing Agency:
Northmarq Capital, LLC
(773) 736-6461
Listed By:
Drew Neems · License #IL475173395
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 19 at 12:56AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Imperial Realty Company is offering, on behalf of the Court Appointed Receiver, the opportunity to acquire 100% fee simple interest in a completely vacant 215,750 square foot, 16-story high-rise building with 225 condo parking spaces in an attached heated private parking garage.
The property has as-of-right B4 zoning in place. The current ownership reports spending more than $7.66 million in improvements over the last year to prepare the building for conversion. Eleven of sixteen residential floors (floors 6-16) have been gutted with completely open floor plates, and floors 3-5 are partially completed. Floors 1-2 are described as a white-boxed ground-floor commercial space.
In addition to the existing zoning flexibility for multifamily conversion, the asset is described as commuter-friendly, located proximate to Saint Paul’s light railway system and two major interstates, and part of the city’s skyway system, with multiple bus stops within walking distance.
The property has as-of-right B4 zoning in place. The current ownership reports spending more than $7.66 million in improvements over the last year to prepare the building for conversion. Eleven of sixteen residential floors (floors 6-16) have been gutted with completely open floor plates, and floors 3-5 are partially completed. Floors 1-2 are described as a white-boxed ground-floor commercial space.
In addition to the existing zoning flexibility for multifamily conversion, the asset is described as commuter-friendly, located proximate to Saint Paul’s light railway system and two major interstates, and part of the city’s skyway system, with multiple bus stops within walking distance.
Key Highlights
- Completely vacant 215,750 SF, 16‑story high‑rise building
- Includes 225 condo parking spaces in a heated private parking garage
- As‑of‑right B4 zoning in place for conversion development
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Completely vacant 16-story high-rise with heated garage parking and as-of-right B4 zoning for conversion.
Where is this apartment building located?
The property is located at 386 Wabasha St N Saint Paul, MN.
What are key features of this property?
This property features: Completely vacant 215,750 SF, 16‑story high‑rise building; Includes 225 condo parking spaces in a heated private parking garage; As‑of‑right B4 zoning in place for conversion development
