The Legendary Commodore Bar & Restaurant

79 Western Avenue North Saint Paul, MN 55102

79 Western Avenue North, Saint Paul, MN, 55102
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FOR SALE
Property Type:
Restaurant
Amount:
$1,995,000
Last Verified:
Dec 02, 2024

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Highlights

  • The owner will entertain an outright sale or joint venture proposal(s), and leasing proposals will also be considered
  • ±10,025 SF of restaurant, bar, and event space across four distinct rooms that have been remodeled to the highest standards of quality. Irreplaceable original architectural details remain, including hard to replicate plasterwork. The ballroom, which is comprised of approximately 2,620 SF, is additionally available.
  • One of the Twin Cities' most historically significant buildings that is located in one of the Twin Cities' most historically significant neighborhoods
  • Free parking available on a large surface lot via a shared parking agreement with the Commodore Condominium Association
  • Formerly home to the luxurious Commodore Hotel. Famous residents included F. Scott and Zelda Fitzgerald, Al Capone, and John Dillinger. The Property has a permanent competitive advantage by having these associations to legendary figures of the prohibition era.
  • Located just one block off Summit Avenue, and the Property is in close proximity to downtown Saint Paul, the Selby Avenue Restaurant District, and Grand Avenue

Description

SVN | Northco has been engaged as the exclusive listing broker for the sale or joint venture offering of The Commodore Bar and Restaurant and associated real estate at 79 Western Avenue North, Saint Paul, Minnesota 55102 ("Property"). Experience the glamour and romance of a bygone era at the legendary Commodore, which has been a winner of "Best Restaurant Design" at the Charlie Awards, a food and beverage industry awards show, among many other accolades. The Property has been home to The Commodore Bar & Restaurant since 2015, but has been closed since the onset of the Covid-19 Pandemic, except as an event venue.

The Property is located in the heart of Cathedral Hill, one of the most desirable neighborhoods in the Twin Cities metropolitan area. Cathedral Hill is in close proximity to downtown Saint Paul, Selby Avenue (and its numerous restaurants and boutiques), and Grand Avenue, one of the most popular commercial corridors in the Twin Cities. The neighborhood is known for its elegant architecture, and cultural landmarks. Well-preserved Victorian and early 20th century homes adorn Cathedral Hill's charming tree-lined streets. The area offers a unique atmosphere with a range of restaurant options, from casual eateries to fine dining. You'll find bars, coffee shops, and entertainment venues here. A rich history and famous landmarks add to the neighborhood's charm. Just blocks from the renowned Cathedral of Saint Paul, the James J Hill Mansion, and the University Club of Saint Paul, The Commodore is a landmark in its own right.

Located in the heart of Cathedral Hill, one of the most desirable neighborhoods in the Twin Cities metropolitan area. Cathedral Hill is in close proximity to downtown Saint Paul, Selby Avenue (and its numerous restaurants and boutiques), and Grand Avenue, one of the most popular commercial corridors in the Twin Cities metropolitan area. The neighborhood is known for its elegant architecture, and cultural landmarks. Well-preserved Victorian and early 20th century homes line Cathedral Hill's charming tree-lined streets. The area offers a unique atmosphere with a range of dining options, from casual eateries to fine dining. You'll find bars, coffee shops, and entertainment venues in here. A rich history and famous landmarks add to the neighborhood's charm. Just blocks from the renowned Cathedral of Saint Paul, the James J Hill Mansion, and the University Club of Saint Paul, The Commodore is a landmark in its own right.


Year Built: 1920
Building Size: 12645sq ft
Lot Size: 0 acres


Documents

Lease Brochure - The Commodore Creative Office Space
Sale Brochure - The Commodore Bar & Restaurant.pdf

Map of 79 Western Avenue North, Saint Paul, MN, 55102

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.