289 5th E St Saint Paul, MN 55101-1995
- Office Properties & Spaces
- 4,787 SF
- 0.11 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 289 5th E St
- Year built
- 1902
- Lot size
- 0.11 lot acres
- Property size
- 4,787 SF
- Property type
- Office Properties & Spaces
- APN
- 32-29-22-33-0386
- APU
- 322922330386
Description
This exceptional opportunity presents a vacant, 18,000-square-foot Class A creative office space in a beautifully renovated 1902 brick building located at 289 5th St E, Saint Paul, MN 55101. The property, encompassing a single nine-story building, underwent a significant renovation in 2016, boasting open timber construction, hardwood floors, and expansive 7' x 4' windows on three sides, offering abundant natural light. The space is ideal for tenants seeking 1,500 to 3,500 square feet of office lease space. Amenities include a secured second-floor condo with elevator access, an impressive multi-level atrium, and a luxurious open kitchen for tenant use. Its prime location next to the St. Paul Saints ballpark and the Farmers' Market provides convenient access and ample parking. The property is zoned B-5 and offers multiple space options. The asking price is $995,000, translating to $55.28 per square foot. This is a value-add investment opportunity with a modified lease type. The building features one unit across 18,000 net rentable square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0856
- Latitude
- 44.9503
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
