935-937 Arcade Street

Highlights

• High-visibility mixed-use property located on Arcade Street, a prominent arterial in Saint Paul’s Payne-Phalen neighborhood
• The Arcade Street corridor features strong traffic counts and a diverse mix of storefronts, services, and local businesses
• One to two (1–2) retail spaces on the main level, including one large space that could easily be demised for multiple tenants. Additional main-level warehouse/storage areas provide flexible commercial or back-of-house use. A 1,700 SF garage is also included.
• Two (2) income-producing residential apartments located on the second floor
• Surface parking lot with approximately 18 off-street spaces
• Zoned T2 – Traditional Neighborhood, allowing for a wide range of residential, retail (including cannabis sales), office, and mixed-use possibilities
• The Property is being offered as-is
• A contiguous 0.12-acre vacant parcel (801 Sims Ave, PID: 292922410016) is also available, providing expansion or redevelopment potential

Description

SVN | Northco is pleased to present, as exclusive advisor to ownership, the offering of 935-937 Arcade Street in Saint Paul, Minnesota 55106 ("Property"). This two-story mixed-use building features approximately 35 feet of frontage along Arcade Street and totals 4,308 square feet. Originally constructed in 1884, the Property retains its historic character while offering flexible space currently configured for multiple tenancies; there are two retail suites on the main floor, two apartments on the second level, and warehouse/garage space in the rear of the building.

Located in Saint Paul's vibrant Payne-Phalen neighborhood, the Property benefits from strong visibility on a well-trafficked commercial corridor, surrounded by a growing mix of retail, service, and dining establishments.

The area is undergoing a transformative $30 million infrastructure improvement project, including complete reconstruction of Arcade Street, sidewalks, and utility systems (water, electric, gas, etc.). This work is actively underway and is scheduled for completion by early Fall 2025, positioning the Property for increased long-term value and enhanced curb appeal.

This is an ideal opportunity for investors, owner-users, or developers looking to capitalize on a centrally located asset within one of Saint Paul’s most active and evolving neighborhoods.

This location is cannabis-friendly.

935-937 Arcade Street is located in the Payne-Phalen neighborhood of Saint Paul, Minnesota, along the well-traveled Arcade Street corridor. This vibrant, mixed-use area is known for its diverse community, growing small business presence, and proximity to parks and schools. The property sits in an active commercial district with strong local character and convenient access to downtown Saint Paul. Great public transit access bike friendly and excellent walkability. Cannabis-friendly zoning.

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