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    OFF-MARKET
    Distribution centers

    216 Wabasha St, Saint Paul, MN 55107

    22,333 SF 1.41 ac lot Built 1970
    Property ID
    US46-0635994
    Property summary
    AI-generated overview

    This exceptional 22,333-square-foot industrial property, located at 216 Wabasha St S in Saint Paul, Minnesota, presents a compelling investment or owner-user opportunity. The single-story, Class C building, constructed in 1970, sits on a 1.41-acre lot and boasts a flexible layout ideal for various industrial and warehouse uses. The property features two dock-high doors, and ceiling heights range from 16 to 22 feet, providing ample space for storage and operations. Currently zoned B-3, this property benefits from a full wet sprinkler system, enhancing safety and security. Its prime location offers convenient access to downtown Saint Paul and major transportation arteries, including Highway 52 and I-94, ensuring seamless logistics. The property is currently tax-exempt and enjoys the advantage of abundant nearby amenities. The asking price is $1,600,000, translating to $71.64 per square foot. Occupancy is available September 25, 2024. This is a rare opportunity to acquire a well-situated, functional industrial space in a thriving urban area. Don't miss out on this chance to secure a valuable asset in a desirable location.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1970
    Total area 22,333 SF
    Lot 1.41 ac (61,420 SF)
    UPID US46-0635994
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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