1338 Grand Ave, Saint Paul, MN 55105
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.