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Property summary
A 77,517-square-foot, four-story institutional building constructed in 1929 as a former Nuway site and renovated multiple times, previously used by BCA/State of Minnesota. The property is arranged to support a 42-bed rehabilitation center on the fourth floor, with additional expansion space available, while floors 1–3 are configured for office use. Interior circulation includes two elevators and three stairwells. Floors 1–3 contain 14 restrooms, with additional restrooms planned for the fourth… floor. Building systems include a diesel back-up generator and fiber connectivity, and it features a partially sprinklered layout; a boiler replacement occurred in 2019. Ceiling heights range from 10.5 to 12 feet. Exterior and site improvements include 1.561 acres of land with 355 feet of frontage along University Avenue and a depth of 191 feet, surface parking lots on both sides totaling 78 stalls, and two drive-in garage stalls suited for equipment storage. The property is zoned T-4 Traditional Neighborhood, with construction type IIA and an occupancy classification of Institutional I-1, Condition 2, and it is associated with chemical dependency and mental health treatment programs (Residential) under Section 308.2. The building is positioned along University Avenue near Lexington Station and Hamline Station (light rail), Super Target, and Allianz Stadium, with nearby parks, schools, retail, restaurants, and bus stops, and residential development projects in the adjacent area and surrounding neighborhood.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 77,517 SF
- Lot area
- 1.56 ac
- Year built
- 1929
- APN
- 34-29-23-42-0002
- Assessed value · 2023
- $4,046,500
- Annual tax · 2023
- $2,862
- Office Building · current use
- Retail Stores
- Apartment House (5+ Units)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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