611 Grand Ave, Saint Paul, MN 55102-2611
This exceptional investment opportunity presents the Merchants of Crocus Hill, a thriving 216,700 square foot shopping center located at 611 Grand Avenue in Saint Paul, Minnesota, zip code 55102. This prime retail property is situated in a bustling neighborhood, boasting a vibrant atmosphere and strong tenant occupancy. Currently housing six established businesses, this center benefits from its location on Grand Avenue, surrounded by popular shops, restaurants, and cafes. The property's history spans over 80 years, establishing a loyal customer base and consistent rental income. The asking price for this well-established retail center is $2,600,000. The property is classified as both retail and land, offering significant potential for future development or expansion. Its location in Ramsey County, Minnesota, provides excellent access to transportation and a large consumer base. This is a rare opportunity to acquire a significant commercial property in a highly desirable and established location within Saint Paul. The property's long-standing success and prime location make it an attractive investment for those seeking a stable and profitable asset in a thriving market. The substantial square footage and existing tenant base provide immediate income potential, while the location offers significant long-term growth opportunities. This is a truly exceptional opportunity to own a piece of Saint Paul's rich commercial history.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D · Saint Paul, MNSaint Paul. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.