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Merchants of Crocus Hill 611 Grand Ave 11,578 sq ft 100% Let Retail Property Saint Paul, MN 55102 £1,954,758 (£168.83/sq ft)
Executive Summary
Introducing 611 Grand Ave, a premier commercial property in the affluent neighborhood of Saint Paul, MN. This historic strip, a community fixture for over 80 years, is surrounded by popular shops, restaurants, and cafes, ensuring high foot traffic. The property is home to six established businesses, all 100% occupied, providing a reliable rental income stream. Zoned B2, the community business district is intended to serve a larger consumer population, characterized by a cluster of establishments generating large volumes of vehicular and pedestrian traffic. With a vibrant atmosphere and a diverse mix of national and local tenants, this is an exceptional opportunity to invest in a lucrative asset with endless potential in the heart of Saint Paul.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront
Property Size
11,578 sq ft
Costar Property Class
C
Year Built
1923
Price
£1,954,758
Price per sq ft
£168.83
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.78
Total Plot Size
0.34 ac
Use Class
B2 - CommB2 Commercial/Industrial
Parking
11 Spaces (0.95 Spaces per 1,000 sq ft Leased)
Frontage
104 ft on Grand Ave
Amenities
- Corner Lot
- Signage
- Signalised Intersection
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-28-23-32-0037 | Improvements Assessment | £1,513,359 |
| Land Assessment | £563,872 | Total Assessment | £2,077,231 |
Property Taxes
Parcel Number
01-28-23-32-0037
Land Assessment
£563,872
Improvements Assessment
£1,513,359
Total Assessment
£2,077,231
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Merchants of Crocus Hill | 611 Grand Ave
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