Vacant 16-Story Apartment
386 Wabasha St N Saint Paul, MN 55102
For Sale
Contact for pricing
Pending
Completely vacant 16-story high-rise with heated garage parking and as-of-right B4 zoning for conversion.
Property Size215,750 SF
Days on Market103
Property Features for 386 Wabasha St N
General Information
- Standard status
- Pending
- Size
- 215,750 SF
- Property subtype
- Multifamily
Listing Agency:
Northmarq Capital, LLC
(773) 736-6461
Listed By:
Drew Neems · License #IL475173395
Source:
Crexi
Added: Apr 12
Changed: Jul 20
Last Checked: Jul 23 at 12:00PM
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
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
