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    FOR SALE
    Apartment buildings

    1598 Eustis St, Lauderdale, MN 55108

    24,432 SF 7.46 ac lot Built 1968
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-1935111
    Property summary
    AI-generated overview

    This exceptional ±15.57-acre property presents a unique redevelopment opportunity in the desirable St. Anthony Park neighborhood, spanning both Lauderdale and St. Paul, Minnesota. Its strategic location offers unparalleled access to downtown Minneapolis and St. Paul, major universities (within 3 miles), and a vibrant park system. The site's zoning allows for diverse uses, including residential (single-family to high-density), educational, and religious development. Existing buildings currently serve educational and religious groups. The property boasts excellent access to key transportation arteries like MN-280, I-35W, and I-94. Nearby amenities include parks, retail establishments, and schools, enhancing its appeal and potential. Situated on the northwest corner of the St. Anthony Park neighborhood, this large, contiguous site is served by the Roseville Area 623 School District (Falcon Heights and Brimhall Elementary Schools). While Lauderdale zoning and future land use plans exist, they do not guarantee full development of the entire acreage. This presents a rare chance to acquire a substantial land parcel in the heart of the Twin Cities metropolitan area. The property's proximity to the Minnesota State Fairgrounds further adds to its desirability.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (100+ UNITS)
    Year built 1968
    Construction WOOD FRAME
    Total area 24,432 SF
    Lot 7.46 ac (324,740 SF)
    APN 20-29-23-21-0078
    UPID US46-1935111
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.15M
    Blend (final) Blend
    $2.50M
    Owner & transaction history
    Greenway Vlg Apts LLC · 6 yrs held
    Greenway Vlg Apts LLC
    since 2020
    2 recorded transactions
    2020
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.6M +57.3%
    Office building $2.5M +8.1%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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