Property profile

60 Plato E Blvd Saint Paul, MN 55107

OFF-MARKET
Office buildings
Property ID
US46-0561481
86,912 SF 2.78 ac lot Built 1913
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Drake Building, a meticulously preserved historic landmark (1900, renovated 2002) in Saint Paul's Central Business District (MN - Saint Paul CBD), offers unique executive office space. This four-story building, totaling 82,000 square feet, boasts a blend of original character and modern amenities. Three suites are currently available, ranging from 3,193 to 6,274 contiguous square feet. The building features high ceilings (10-17 feet), ample natural light from a central lightwell, and a charming patio incorporating original cobblestone pavers. Originally a marble plant, the building retains much of its historic charm, while offering modern functionality. Conveniently located at 60 E Plato Blvd, Saint Paul, MN 55107, in Ramsey County, the property includes 377 surface parking stalls (a 4.6:1,000 SF ratio). The building's mixed-use nature and prime location make it an ideal space for businesses seeking a prestigious and historically significant address. This is a rare opportunity to lease in a truly one-of-a-kind Saint Paul office building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1913
Total area 86,912 SF
Lot 2.78 ac (121,097 SF)
APN 05-28-22-33-0059
UPID US46-0561481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60 Plato E Blvd Saint Paul, MN 55107-1827
Saint Paul metro Census 37100 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.19M
Blend (final) Blend
$7.52M

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $10.0M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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