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Mixed-Use Buildings with Parking Lot
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Pending

471 Herschel St, Saint Paul, MN 55104

Property includes two mixed-use commercial buildings, multiple residential units, and a parking lot on 0.46 acres.

Lot Size0.46 Acres
Days on Market110

Property Features for 471 Herschel St

General Information

Standard status Pending
Lot size 0.46 Acres
Property subtype Mixed Use
Zoning T4+
Listing Agency: Coldwell Banker Realty Eden Prairie
Listed By: Mike Wilen · License #20547194
Source: Crexi
Added: Apr 12 Changed: Jul 21 Last Checked: Jul 29 at 10:59AM

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 Coldwell Banker Realty Eden Prairie

Investment Insights

Based on property information with market context.

This mixed-use property consists of two mixed-use commercial buildings, one duplex, one single-family home, and an associated parking lot. The current monthly rent totals $6,790 across the listed units.

The site is identified as T4+ zoning and is located on 0.46 acres with light rail access. Within one mile, the area includes Allianz Soccer Field, Fairview Ave Station, Penn Ave Station, the University of Minnesota campus, and the Midway area.

The mix of commercial and residential income components, along with on-site parking, creates an arrangement suitable for buyers looking for a property with multiple revenue streams under T4+ zoning.

Key Highlights

  • 0.46‑acre property with T4+ zoning and light rail access
  • Comprises 2 mixed‑use commercial buildings, a duplex, a single‑family home, and an on‑site parking lot
  • Monthly rental income totals $6,790 ($950, $1,140, $650, $700, $850, $1,200, $1,300)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nail Salon Real Estate Agency Accounting Firm Bakery (Bike/Boat/Book/etc) Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,162
Businesses Nearby
64k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Apparel 20% Shops & Services 8% Hotels & Casinos 2%
Taco Bell Dining
19,975 visits/mo 0.5 miles
Goodwill Apparel
12,621 visits/mo 0.4 miles
Wendy's Dining
11,689 visits/mo 0.1 miles
Arby's Dining
7,888 visits/mo 0.2 miles
Denny's Dining
5,775 visits/mo 0.2 miles

Demographics for 55104, MN

45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value

Market

Properties on Market for Mixed-use properties in Saint Paul

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Property includes two mixed-use commercial buildings, multiple residential units, and a parking lot on 0.46 acres.
Where is this mixed-use property located?
The property is located at 471 Herschel St Saint Paul, MN.
What are key features of this property?
This property features: 0.46‑acre property with T4+ zoning and light rail access; Comprises 2 mixed‑use commercial buildings, a duplex, a single‑family home, and an on‑site parking lot; Monthly rental income totals $6,790 ($950, $1,140, $650, $700, $850, $1,200, $1,300)
More about this property
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