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    2103 Wabash Ave Saint Paul, MN 55114

    For Lease
    $7 SF/Yr

    Prime Saint Paul warehouse, multiple spaces available.

    Lot size:
    102,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The Superior Building, located at 2103 Wabash Ave, St. Paul, MN 55114, presents a unique investment opportunity. This historic warehouse, originally constructed in 1886 and listed on the National Register of Historic Places, boasts a total of 102,429 square feet across three stories. The property sits on 1.63 acres of land and is classified as a Class C building. Currently offering multiple tenancies, there are five spaces available, ranging in size from 767 square feet to 8,747 square feet, making it suitable for a variety of businesses. Its strategic location in the Midway neighborhood offers easy access to both downtown St. Paul and downtown Minneapolis, situated less than five miles from each. The building's rich history, combined with its versatile space and convenient location, makes it an attractive option for businesses seeking a unique and well-positioned property in a thriving urban area. The property's industrial nature, combined with its retail and office potential, provides significant flexibility for future development and adaptation. This is a rare opportunity to acquire a piece of Saint Paul's history with significant potential for growth and return on investment.

    Property Features for 2103 Wabash Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,429 SF
    Class
    C
    Total Rate
    59750.25

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 2101
    Size
    2,674 SF
    Rate per SF
    $8
    Space
    Suite 2120A
    Size
    6,593 SF
    Rate per SF
    $7
    Space
    Suite 2120B
    Size
    8,747 SF
    Rate per SF
    $7
    Space
    Suite 2120C
    Size
    767 SF
    Rate per SF
    $11
    Space
    Suite 600
    Size
    835 SF
    Rate per SF
    $11

    HighLights

    • Historic 102,429 SF warehouse on 1.63 acres in St. Paul, MN.
    • National Register of Historic Places listing.
    • Class C building with five available spaces (767 SF - 8,747 SF).
    • Midway neighborhood location, less than 5 miles from both downtown St. Paul and Minneapolis.
    • Significant potential for retail, office, and industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -93.18881975
    Latitude
    44.95784552

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    FAQs

    What type of property is this?
    Distribution property - Prime Saint Paul warehouse, multiple spaces available.
    Where is this distribution property located?
    The property is located at 2103 Wabash Ave Saint Paul, MN.
    What is the lease rate?
    The lease rate is $7-$11 SF/Yr.
    What are key features of this property?
    This property features: Historic 102,429 SF warehouse on 1.63 acres in St. Paul, MN.; National Register of Historic Places listing.; Class C building with five available spaces (767 SF - 8,747 SF).
    Request Owner's contact information
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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
    2103 Wabash Ave Saint Paul, MN 55114
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