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Highway-Adjacent Redevelopment Land

827 Forest St N, St Paul, MN 55106

For Sale
New
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The infill site is positioned for redevelopment into an alternative use supporting the Payne-Phalen neighborhood.

Property Size7 SF
Lot Size7.83 Acres
Days on Market6

Property Features for 827 Forest St N

General Information

Standard status Active
Size 7 SF
Lot size 7.83 Acres
Property subtype LAND

Site & Location

Neighborhood Planning District 5
Listing Agency: Modern CRE
Listed By: Sam Maguire
Source: Moodyscre
Added: Nov 9 Changed: Nov 12 Last Checked: Nov 12 at 2:26PM

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 Modern CRE

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Investment Insights

Based on property information with market context.

This 7.83-acre infill land site is offered in its existing condition for redevelopment. The property is part of a portfolio package that also includes 827 Forest St N, 867 Forest St N, and seven residential parcel lots totaling 0.65 acres. The site is at Highway 61 and Phalen Boulevard, near major transportation routes, downtown St. Paul, and the HealthPartners Specialty Center.

The operating business at the property ceased operations in October 2026 and is expected to vacate the building by February 2027. A 2022 Phase I and Phase II, along with additional due diligence materials, will be available to qualified buyers after receipt of an executed confidentiality agreement. Offers are due January 26, 2027, with earlier submissions accepted.

Key Highlights

  • 7.83‑acre infill redevelopment site
  • Located at Highway 61 and Phalen Boulevard
  • Near downtown St. Paul and the HealthPartners Specialty Center

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Restaurant HVAC Service

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

712
Businesses Nearby

Demographics for 55106, MN

60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Ramsey County

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - The infill site is positioned for redevelopment into an alternative use supporting the Payne-Phalen neighborhood.
Where is this commercial land located?
The property is located at 827 Forest St N St Paul, MN.
What are key features of this property?
This property features: 7.83‑acre infill redevelopment site; Located at Highway 61 and Phalen Boulevard; Near downtown St. Paul and the HealthPartners Specialty Center
(612) 231-7644 Call to check price and availability
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