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    Property profile & analytics
    OFF-MARKET Estimated value $1,670,000
    Super regional malls

    611 Grand Ave, Saint Paul, MN 55102-2611

    21,700 SF 0.34 ac lot Built 1923
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0607870
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1923
    Construction WOOD FRAME
    Total area 21,700 SF
    Lot 0.34 ac (14,985 SF)
    Zoning code D
    APN 01-28-23-32-0037
    UPID US46-0607870
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.67M
    Owner & transaction history
    Flores Realty Co LLC · 3 yrs held
    Flores Realty Co LLC
    since 2023
    7 recorded transactions
    2023
    2022
    2020
    2019
    2016
    1969
    1969
    Zoning & alternative use
    D · Saint Paul, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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