340 Cedar St, Saint Paul, MN 55101-1100

This iconic 175,000 square foot Saint Paul property, built in 1917 (with a 1980 addition), presents a unique redevelopment opportunity. Situated on a 0.15-acre lot in the Central Business District, this two-building complex boasts 13 stories and is zoned B4. The property's rich history includes a 56-room boutique hotel, a health club, and banquet facilities, many of which are still operational. Currently, construction is underway to add two new event venues. Its prime location is adjacent to the LRT Green Line Station and within walking distance of Rice Park and the Lowertown Arts District. The building's design, by the renowned firm Reed & Stem, features brick and concrete (1917 building) and steel frame (1980 addition) construction. This landmark property offers numerous potential uses, including event venues, non-profit spaces, and office/retail spaces. The property is located in a Qualified Opportunity Zone, and State Historic Tax Credits may be available. The owner is open to purchase offers, lease proposals, and joint venture partnerships, including seller financing. This is a truly exceptional opportunity to acquire a piece of Saint Paul history and capitalize on its significant redevelopment potential. The property was renovated in 2019.