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19 Exchange St E 129,220 sq ft Specialist Building Offered at £2,168,214 in Saint Paul, MN 55101
INVESTMENT HIGHLIGHTS
- Home of the History Theater.
- Easy access to I-94 & I-35E near 10th St Light Rail Station.
- Tax exempt.
- Elevators (passenger and freight).
- Flexible design with classrooms & offices
- Estimated operating expense $5.61 PSF.
EXECUTIVE SUMMARY
19 E. Exchange Street in downtown St. Paul. This 3-story building, located at the bustling corner of Wabasha and Exchange Street, boasts 129,220 SF of potential on a vast 1.84-acre plot.
Previously the McNally Smith College of Music and Upper Mississippi Academy, this property offers a unique blend of class and flexibility. Elevators, a commercial kitchen, and specialty classrooms cater to various needs while the 325-seat theater space with full amenities provides endless possibilities for events and performances.
Conveniently connected to the skyway and near the 10th Street Light Rail Station, accessibility is unmatched. Not to mention the grand entrance, high ceilings, and ample natural light that add an inviting touch to the space. With a negotiable lease rate and a sale price of $2,900,000, this is a rare opportunity to own or lease a piece of St. Paul's rich cultural history.
Investment Highlights
-129,220 SF
-1.84 Acres
-Home of the History Theatre
-Former McNally Smith College of Music and Upper Mississippi Academy
-Elevators (passenger and freight)
-3 floors and lower level
-Commercial Kitchen
-Fire sprinkler system
-Skyway connected
-Easy access to I-94 & I-35E
-Near 10th ST Light Rail Station
-Flexible design with classrooms & offices
Previously the McNally Smith College of Music and Upper Mississippi Academy, this property offers a unique blend of class and flexibility. Elevators, a commercial kitchen, and specialty classrooms cater to various needs while the 325-seat theater space with full amenities provides endless possibilities for events and performances.
Conveniently connected to the skyway and near the 10th Street Light Rail Station, accessibility is unmatched. Not to mention the grand entrance, high ceilings, and ample natural light that add an inviting touch to the space. With a negotiable lease rate and a sale price of $2,900,000, this is a rare opportunity to own or lease a piece of St. Paul's rich cultural history.
Investment Highlights
-129,220 SF
-1.84 Acres
-Home of the History Theatre
-Former McNally Smith College of Music and Upper Mississippi Academy
-Elevators (passenger and freight)
-3 floors and lower level
-Commercial Kitchen
-Fire sprinkler system
-Skyway connected
-Easy access to I-94 & I-35E
-Near 10th ST Light Rail Station
-Flexible design with classrooms & offices
PROPERTY FACTS
| Price | £2,168,214 | Total Plot Size | 1.84 ac |
| Price per sq ft | £16.78 | Property Size | 129,220 sq ft |
| Sale Type | Investment or Owner Occupier | No. Floors | 4 |
| Property Type | Specialist | Year Built | 1963 |
| Property Subtype | School | Tenancy | Single |
| Costar Property Class | B | Parking Allocation | 0.04/1,000 sq ft |
| Use Class | CA - Capitol Area Jurisdiction | ||
| Price | £2,168,214 |
| Price per sq ft | £16.78 |
| Sale Type | Investment or Owner Occupier |
| Property Type | Specialist |
| Property Subtype | School |
| Costar Property Class | B |
| Total Plot Size | 1.84 ac |
| Property Size | 129,220 sq ft |
| No. Floors | 4 |
| Year Built | 1963 |
| Tenancy | Single |
| Parking Allocation | 0.04/1,000 sq ft |
| Use Class | CA - Capitol Area Jurisdiction |
AMENITIES
- Commuter Rail
1 1
Walk Score®
Excellent pedestrian access (95)
PROPERTY TAXES
| Parcel Number | 31-29-22-34-0200 | Improvements Assessment | £2,483,128 |
| Land Assessment | £2,700,024 | Total Assessment | £5,183,153 |
PROPERTY TAXES
Parcel Number
31-29-22-34-0200
Land Assessment
£2,700,024
Improvements Assessment
£2,483,128
Total Assessment
£5,183,153
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19 Exchange St E
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