For Sale | 649 Grand Ave Mixed Use Two-Buildings (Multi-Family, Retail & Office)

649 Grand Avenue Saint Paul, MN 55105

649 Grand Avenue, Saint Paul, MN, 55105
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,250,000
Last Verified:
Aug 09, 2024

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Highlights

  • Two building portfolio located on a PRIME Grand Avenue lot
  • Potential for an owner-user or investor
  • Mixed-use currently: Property Management Services, Residential rentals, Massage & Office uses
  • Multi-Family Rentals, Retail & Office
  • Current owner may lease back for a short time
  • Variety of uses are possible with this offering
  • Directly on bus line, tons of restaurants and shopping nearby!

Description

Welcome to 649 Grand Ave, a prime Investment (or Owner-User) opportunity in the heart of Saint Paul. This charming portfolio of two buildings, plus a one-stall garage totals 8,347 SF. Comprised of approximately 12 units, this offering presents a historic allure with its establishment in 1908. With its classic architecture and versatile layout, this property offers endless potential for customization and future returns. Don't miss the chance to own a piece of Saint Paul's rich history while making a sound investment in the thriving commercial real estate market.

Discover the vibrant allure of Saint Paul, a hub of activity and opportunity for office and office building investors. The area surrounding the property is steeped in culture and convenience, with nearby points of interest including the historic Cathedral of Saint Paul, the charming shops and restaurants along Grand Avenue, and the lively energy of Summit Avenue. With its blend of rich history, thriving commercial scene, and scenic beauty, Saint Paul offers a welcoming environment for businesses and employees alike. Embrace the dynamic spirit of the city and envision the possibilities that await in this prime location.


Year Built: 1908
Building Size: 8347sq ft
Lot Size: 0.15 acres


Documents

Offering Memorandum
Division_2.___66.420._Principal_Uses_in_Business_Districts (2).pdf
649 Grand Ave | 2025 Ramsey County Valuation Notice.pdf

Map of 649 Grand Avenue, Saint Paul, MN, 55105

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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.