1850 Mississippi River Blvd, Saint Paul, MN 55116
This exceptional Saint Paul property, located at 1850 Mississippi River Blvd S, offers a unique opportunity for lease. The three-building complex, constructed in 1963, sits on a 0.46-acre lot and boasts a total of 9,852 square feet of space. Currently, 8,952 square feet are available, divisible into spaces as small as 3,000 square feet, with a maximum contiguous space of 8,952 square feet. The property features a rich history as a former convent, retaining many original characteristics including 19 rooms, two kitchens, and seven bathrooms. Ample parking is provided with 20 spaces. The building's prime location offers stunning views across from the Mississippi River in Ramsey County, MN, zip code 55116. Its versatile layout and substantial square footage make it ideal for a variety of uses, including supportive housing, educational institutions, religious organizations, non-profit entities, and other suitable businesses. The property's APN is 212823310007. This is a rare opportunity to acquire a significant and historically significant commercial space in a highly desirable location. The property is tenanted by multiple occupants.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.