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Highway-Adjacent Commercial Land

877-897 Wells St, St Paul, MN 55106

For Sale
New
Contact for pricing

The property occupies an infill position at the junction of Highway 61 and Phalen Boulevard.

Property Size7 SF
Lot Size7.83 Acres
Days on Market6

Property Features for 877-897 Wells St

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 2:40PM

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 commercial land property is being offered in its as-is condition. Northern Iron ceased operations at the site 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, are available to qualified buyers who execute a confidentiality agreement.

The site is at Highway 61 and Phalen Boulevard, near downtown St. Paul and the HealthPartners Specialty Center. It is part of a portfolio offering that also includes properties at 827 Forest St N and 867 Forest St N, as well as seven residential parcel lots listed at 0.65 acres.

Key Highlights

  • 7.83‑acre site at Highway 61 and Phalen Boulevard
  • Near downtown St. Paul and the HealthPartners Specialty Center
  • Northern Iron ceased operations in October 2026; building expected to be vacated by February 2027

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Spa & Massage Center Parking Lot & Garage Cafe & Coffee Shop

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

983
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

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 property occupies an infill position at the junction of Highway 61 and Phalen Boulevard.
Where is this commercial land located?
The property is located at 877-897 Wells St St Paul, MN.
What are key features of this property?
This property features: 7.83‑acre site at Highway 61 and Phalen Boulevard; Near downtown St. Paul and the HealthPartners Specialty Center; Northern Iron ceased operations in October 2026; building expected to be vacated by February 2027
(612) 231-7644 Call to check price and availability
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