Property profile

1000 University Ave W Saint Paul, MN 55104

FOR LEASE
Office buildings
Property ID
US46-1922886
60,002 SF 1.47 ac lot Built 1913
Entity Owned 15-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Saint Paul office property, located at 1000 University Avenue West, offers a unique blend of historic charm and modern functionality. The two-story, 60,002 square foot building, constructed in 1913 and renovated in 2018, boasts a captivating history as a former manufacturing plant, with elements of its original brickwork preserved throughout the interior. Currently configured as a multi-tenant building with one suite, it presents a rare opportunity for businesses seeking flexible space options ranging from approximately 2,000 to 8,694 square feet. The property sits on a 1.48-acre lot (64,469 square feet) and features ample parking with 86 spaces. Conveniently located in Saint Paul's Midway neighborhood, this Class B building offers easy access to major transportation routes. The property includes an elevator and is zoned T2. The building's rich history and modern updates create a distinctive and desirable workspace. Currently, 1,684 square feet are vacant, presenting an immediate opportunity for expansion or lease acquisition. The property's Asset Property Number (APN) is 352923320165, located in Ramsey County, Minnesota, within the MN - Northeast submarket, and has a zip code of 55104.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1913
Construction STEEL FRAME
Total area 60,002 SF
Lot 1.47 ac (64,120 SF)
APN 35-29-23-32-0165
UPID US46-1922886

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1000 University Ave W Saint Paul, MN 55104
Saint Paul metro Census 33500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.89M
Blend (final) Blend
$4.70M

Owner & transaction history

since 2010
7 recorded transactions
2018
Price N/A
2010
$1.2M
2010
$1.2M
2010
$1.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $6.9M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message