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    OFF-MARKET
    Neighborhood centers

    1338 Grand Ave, Saint Paul, MN 55105

    11,902 SF 0.21 ac lot Built 1922
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail space, totaling 2,917 square feet, is ideally situated at the highly visible corner of Grand Avenue and Hamline Avenue in Saint Paul, Minnesota. The property, part of a larger 11,902 square foot building constructed in 1922, offers a single-tenant occupancy within a Class B building. The 0.21-acre lot boasts prominent signage opportunities on both Grand and Hamline Avenues, two major thoroughfares with high vehicular and pedestrian traffic (8,100 VPD on Hamline and 9,821 VPD on Grand). This prime location benefits from its proximity to Macalester College, the University of St. Thomas, and Hamline University, ensuring a vibrant and diverse customer base. The area is known for its mix of commercial, residential, and entertainment options, including historic homes, boutique shops, art galleries, and a variety of restaurants. The property's zoning is B2 - Community Business, and its address is 1338 Grand Ave, St Paul, MN 55105. The building is two stories, with no elevators. The previous tenant occupied the space for over 40 years, highlighting the location's enduring appeal. This is a rare opportunity to establish a business in a well-established and thriving Saint Paul neighborhood, known for its annual Grand Old Day festival and convenient public transportation access. The property is across the street from a popular local restaurant, further enhancing its visibility and foot traffic.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 1922
    Total area 11,902 SF
    Lot 0.21 ac (9,148 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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