Wabasha Flats Portfolio Investment
For Sale
Contact for pricing
Pending
150 Eaton St, Saint Paul, MN 55107
Fully leased mixed-use portfolio with long-term tenants and annual escalations.
Property Size9,936 SF
Days on Market195
Property Features for 150 Eaton St
General Information
Standard status
Pending
Size
9,936 SF
Class
B
Property subtype
Industrial, Office
Zoning
Ind
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$1,006,000
Building Details
Buildings
2
Stories
1
Units
10
Tenancy
Single
Listing Agency:
KW Commercial Lake Minnetonka
(651) 492-2201
Listed By:
Brian Ertel · License #20622742
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 11 at 11:52AM
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 KW Commercial Lake Minnetonka
Investment Insights
Based on property information with market context.
The Wabasha Flats Portfolio presents an investment opportunity encompassing three distinct buildings: a four-story multi-tenant office building constructed in 1916 with a single-story addition from 1981, a single-story multi-tenant retail building, and a single-tenant industrial building constructed in 1979. The portfolio totals 81,881 square feet across 10 units, plus a parking lease. All buildings are fully leased, with recent long-term renewals demonstrating asset stability. The properties are located at 122-140 Wabasha St. and 150 Eaton Street in Saint Paul, MN. The portfolio is offered with existing leases that include annual rent escalations, providing a stable, long-term investment. The Weighted Average Lease Term (WALT) remaining is 4.9 years. The Net Operating Income (NOI) as of December 31, 2025, is $939,459, with a capitalization rate of 8.5%. The price per square foot is $138.92.
Key Highlights
- 100% Occupied, providing immediate income.
- Impressive NOI of $939,459 (as of 12/31/2025).
- Solid 8.5% Cap Rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use portfolio with long-term tenants and annual escalations.
Where is this mixed-use property located?
The property is located at 150 Eaton St Saint Paul, MN.
What is the asking price?
The asking price for this property is $11,050,000.
What are key features of this property?
This property features: 100% Occupied, providing immediate income.; Impressive NOI of $939,459 (as of 12/31/2025).; Solid 8.5% Cap Rate.
