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    79 Western Ave Saint Paul, MN 55102

    For Sale
    $1,995,000

    Historic Bar & Restaurant, 12,645 SF

    Property size:
    12,645 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This iconic Saint Paul, Minnesota establishment, located at 79 Western Ave N, 55102, presents a unique investment opportunity. The 12,645 square foot property, built in 1920 and renovated in 2015, boasts a rich history as the former Commodore Hotel, once frequented by legendary figures like F. Scott and Zelda Fitzgerald, Al Capone, and John Dillinger. This vacant, single-building property features approximately 10,025 square feet of restaurant, bar, and event space across four distinct rooms, meticulously remodeled with high-quality finishes while preserving irreplaceable original architectural details, including intricate plasterwork. A separate 2,620 square foot ballroom is also available. Situated in the desirable Cathedral Hill neighborhood, near downtown Saint Paul, Selby Avenue, and Grand Avenue, the property benefits from its proximity to cultural landmarks such as the Cathedral of Saint Paul and the James J Hill Mansion. The RM2 zoning permits a variety of uses. Free parking is available via a shared agreement with the Commodore Condominium Association. The asking price is $1,995,000. The property is offered for outright sale or joint venture

    Property Features for 79 Western Ave

    General Information

    Property type
    Restaurants
    Square Feet
    12,645 SF

    Building Details

    Year Built/Renovated
    1920/2015
    Buildings
    1

    HighLights

    • Sale, joint venture, or lease opportunities available.
    • ±10,025 SF of high‑end restaurant/bar/event space in four distinct rooms, preserving original architectural details; 2,620 SF ballroom also available.
    • Historically significant building in a prime Twin Cities neighborhood.
    • Ample free parking via shared agreement with adjacent condominium association.
    • Landmark building with renowned history, formerly the Commodore Hotel, attracting guests such as F. Scott and Zelda Fitzgerald, Al Capone, and John Dillinger.
    • Excellent location, one block from Summit Avenue, near downtown Saint Paul, Selby Avenue, and Grand Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.116529968456
    Latitude
    44.943595134007

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    FAQs

    What type of property is this?
    Restaurant - Historic Bar & Restaurant, 12,645 SF
    Where is this restaurant located?
    The property is located at 79 Western Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Sale, joint venture, or lease opportunities available.; ±10,025 SF of high-end restaurant/bar/event space in four distinct rooms, preserving original architectural details; 2,620 SF ballroom also available.; Historically significant building in a prime Twin Cities neighborhood.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    79 Western Ave Saint Paul, MN 55102
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