Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning