Office Space For Lease Near Highway 280 and I-94

2356 University Avenue W St. Paul, MN 55114

2356 University Avenue W, St. Paul, MN, 55114
2356 University Avenue W, St. Paul, MN, 55114
Property Type:
Multi Tenant Office
Please Call Broker for Price

Cap Rate:
Last Verified:
Mar 04, 2024

8,257 SF Office Space For Lease Near Highway 280 and I-94 Highlights and Features: • 115,200 SF Building • Private entrance off University Avenue W • Large windows • Exposed brick • High ceilings • Ideal location just east of Highway 280 and I-94 interchange • Close to both Minneapolis and St. Paul • Easy access to public transportation • 1 block from the Raymond Avenue light rail station • Convenient location near the University of Minnesota • Ample parking • Local ownership • Co-tenants: Caffe Biaggio, Broecker Eye & Optical, Center for Victims of Torture, Isaiah, Scott Law Firm, Minnesota Land Trust, North Star Mini Storage, Transforming Generations, Ann Bancroft Foundation, Butler Foundation, Carlin & Ulbee, Reflections, Inc., Family Circle Counseling Space Available: • Suite 200: 8,257 sf (available 6/1/24) • Lease Rate: $23.00 psf Gross Demographics: • Average Household Population: 1 mile - 4,924, 3 miles - 86,623 and 5 miles - 281,975 • Average Household Income: 1 mile - $66,618, 3 miles - $60,477 and 5 miles - $62,353 Traffic Counts: • University Avenue W - 17,800 vpd • Hwy 280 - 35,000 vpd • Franklin Avenue - 7,800 vpd • Raymond Avenue - 7,500 vpd • I-94 - 169,000 vpd

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Map of 2356 University Avenue W, St. Paul, MN, 55114

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.