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Property profile & analytics
OFF-MARKET
Sports & entertainment properties

79 12th Western N Ave Saint Paul, MN 55102-2034

5,711 SF 0.32 ac lot Built 1924
Entity Owned Free & Clear
Property ID
US46-2919630
Property summary
AI-generated overview

This iconic Saint Paul, Minnesota establishment, located at 79 Western Ave N, 55102, presents a unique investment opportunity. The 12,645 square foot property, built in 1920 and renovated in 2015, boasts a rich history as the former Commodore Hotel, once frequented by legendary figures like F. Scott and Zelda Fitzgerald, Al Capone, and John Dillinger. This vacant, single-building property features approximately 10,025 square feet of restaurant, bar, and event space across four distinct rooms, meticulously remodeled with high-quality finishes while preserving irreplaceable original architectural details, including intricate plasterwork. A separate 2,620 square foot ballroom is also available. Situated in the desirable Cathedral Hill neighborhood, near downtown Saint Paul, Selby Avenue, and Grand Avenue, the property benefits from its proximity to cultural landmarks such as the Cathedral of Saint Paul and the James J Hill Mansion. The RM2 zoning permits a variety of uses. Free parking is available via a shared agreement with the Commodore Condominium Association. The asking price is $1,995,000. The property is offered for outright sale or joint venture

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1924
Total area 5,711 SF
Lot 0.32 ac (13,896 SF)
APN 01-28-23-24-0290
UPID US46-2919630
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
COMMODORE CONDOMINIUM CORP
COMMODORE CONDOMINIUM CORP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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