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    Property profile & analytics
    OFF-MARKET Estimated value $1,690,000
    Office buildings

    1991 Frd Pkwy, Saint Paul, MN 55116-1923

    10,712 SF 0.46 ac lot Built 1998
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-1069281
    Property summary
    AI-generated overview

    This exceptional two-story, 10,712 square foot Class B office building, constructed in 1998, presents a fantastic opportunity for businesses seeking a prominent location in St. Paul's desirable Highland Park neighborhood. Currently, 5,365 square feet of office space is immediately available for lease, perfect for a single tenant or multiple occupants. The building features ample surface-level parking, a significant advantage in this area. Its strategic location on Ford Parkway, between Cleveland Avenue and Fairview Avenue, provides easy access to major transportation arteries, including Highway 5 and I-35E, ensuring seamless commutes for employees and clients. The available space will be ready for occupancy on August 1st, 2024, with a lease term extending through December 31st, 2026. This property offers a blend of convenience, accessibility, and ample space, making it an ideal choice for companies seeking a well-situated and functional office environment in a thriving St. Paul neighborhood. The building consists of one structure with multiple tenancies. This is a traditional office building offering a great opportunity for a business to establish a strong presence in a highly sought-after location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1998
    Total area 10,712 SF
    Lot 0.46 ac (19,994 SF)
    APN 16-28-23-22-0103
    UPID US46-1069281
    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
    Current use
    Occupant on record · Public records
    • Heating and Air Conditioning HVAC Service General Contractor
    • Joe Overhaug - Coldwell Banker Realty Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.09M
    Comparable Approach Comparable
    $1.80M
    Blend (final) Blend
    $1.69M
    Owner & transaction history
    Thomas R Distad · 4 yrs held
    Thomas R Distad
    since 2021
    2 recorded transactions
    2021
    2020
    $500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.3M +92.8%
    Auto repair, garage $2.2M +85.1%
    Neighborhood: shopping center $1.8M +53.3%
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