Property profile

611 Grand Ave Saint Paul, MN 55102

OFF-MARKET
Super regional malls
Property ID
US46-0607870
21,700 SF 0.34 ac lot Built 1923
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

611 Grand Ave Saint Paul, MN 55102-2611
Saint Paul metro Census 35800 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.67M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D · Saint Paul, MN

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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