1154 Grand Avenue, Saint Paul, MN 55105

Property Description

? Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul? Perfect Investor, 1031 Opportunity, or Owner/User with a vacant 2nd level office for immediate Buyer occupancy? 11 car parking lot immediately behind the building.? Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), one occupied by Hovland Music and one vacant? Toppers Pizza is currently in its first 5-year NNN option term, expiring June 30, 2029, with an additional unexercised 5-year option commencing July 1, 2029? One office suite is leased through March 1, 2028 to Hovland Music; the second office suite is currently vacant (owner user can occupy)? The 2nd Floor was previously rented as 2 apartments with a change in use to Office. Infrastructure remains the same (kitchens, bathrooms) so these could likely be converted back to apartments easily.? Additional income from a billboard lease with Clear Channel, expiring March 31, 2029? Prime corner location with excellent visibility, strong traffic counts, and high pedestrian activity at Grand Ave & S Dunlap St? Gross building area: ~7,100 square feet including basement.? Toppers: ~2,250 SF, Two offices: each ~1,300 SF, Basement: ~2,250 SF? Lot Size: 9,000 square feet (0.21 acres) allowing for future development potential? B2 ? Community Business zoning, allowing for a wide range of permitted commercial and mixed-use applications? Highly walkable, amenity-rich location surrounded by national retailers including Starbucks, Kowalski's, CVS, Walgreens, University of St. Thomas, Macalester College, Concordia University, and many others? Strong demographics, with an average household income of $155,132 within a 0.3-mile radius? Please do not disturb tenants