2103 Wabash Ave Saint Paul, MN 55114
- Warehouses
- 102,429 SF
- 1.62 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2103 Wabash Ave
- Year built
- 1935
- Lot size
- 1.62 lot acres
- Property size
- 102,429 SF
- Zone code
- R
- Property type
- Warehouses
- APN
- 32-29-23-14-0002
- APU
- 322923140002
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $525,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $385,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $320,000
- Mixed-Use
- $390,000
- Hospitality
- $410,000
- Educational
- $305,000
- Residential Income
- $375,000
- Energy
- $385,000
- Income-Based Land
- $310,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1888
- Latitude
- 44.9585
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA