Map of Property

Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone!

262 4th Street East, Saint Paul, MN 55101

  • For Sale $2,750,000
  • Property Type Multi-Family
  • Property Size 44,423 SF
  • Units 29
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 19, 2024
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41 units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the best downtown spots. Tenants pay utilities through RUBs. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.Lowertown Saint Paul value add multifamily! An extremely well-built 29 unit (27 Residential & 2 Commercial unit mix). Residential units are loft style (Mostly 1 Bedroom units) with potential to convert into 41 total units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location! Walk to all the best downtown spots.

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Highlights

  • + Tenants pay utilities through RUBs. District Energy heat
  • + Historical Tax Credits remaining
  • + Located in an Opportunity Zone
  • + Commercial units on long term leases
  • + EPDM Roof, in good condition, per report
  • + In-Place 6.53% Cap Rate!
  • + Land Use Code: 403 APARTMENTS
  • (20-49 Rental Units)

Contacts

broker

Chad Heer

KW Commercial - Roseville, MN

(612) 963-5147

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Saint Paul, MN
  • Neighborhood Downtown St. Paul
  • Zip Code 55101
  • Market Minneapolis St Paul

Points of Interest

  • Union Depot

    0.07 miles

  • Saint Paul Union Depot

    0.14 miles

  • Central Station

    0.37 miles

  • 10th Street

    0.61 miles

  • Robert Street

    0.70 miles

  • Capitol/Rice Street

    1.09 miles

  • Western Avenue

    1.59 miles

  • Dale Street

    2.06 miles

  • Victoria Street

    2.55 miles

  • Lexington Parkway

    3.04 miles

  • ChargePoint

    0.05 miles

  • Speedway

    0.21 miles

  • Metro Transit

    0.33 miles

  • BP

    0.53 miles

  • ChargePoint

    0.58 miles

  • Holiday

    0.81 miles

  • Mobil

    1.30 miles

  • M & H

    1.37 miles

  • Speedway

    1.62 miles

  • BP

    1.89 miles

  • Union Depot Lot B

    0.10 miles

  • Union Depot Lot A

    0.11 miles

  • A'Bulae

    0.17 miles

  • Union Depot Lot C West

    0.18 miles

  • Jackson Street Ramp

    0.21 miles

  • US Bank Building

    0.32 miles

  • Union Depot Lot C East

    0.33 miles

  • Robert Street Municipal Parking Ramp

    0.42 miles

  • Victory Ramp

    0.46 miles

  • Treasure Island Center

    0.49 miles

  • SpringHill Suites by Marriott St. Paul Downtown

    0.35 miles

  • Hotel 340

    0.39 miles

  • DoubleTree by Hilton Hotel Downtown St. Paul

    0.40 miles

  • Crowne Plaza

    0.46 miles

  • Drury Plaza Hotel

    0.46 miles

  • The Saint Paul Hotel

    0.57 miles

  • Hampton Inn & Suites

    0.91 miles

  • Best Western Plus Capitol Ridge

    1.08 miles

  • Residence Inn by Marriot

    1.23 miles

  • DoubleTree by Hilton St. Paul East

    3.88 miles

  • Golden's Deli

    0.05 miles

  • Big River Pizza

    0.08 miles

  • Saint Dinette

    0.09 miles

  • Kyatchi

    0.10 miles

  • Cassie's Deli

    0.15 miles

  • Ox Cart Ale House

    0.16 miles

  • Barrio Tequila Bar

    0.17 miles

  • Public Kitchen + Bar

    0.17 miles

  • Asian Express

    0.18 miles

  • Handsome Hog (MOVED)

    0.19 miles

  • St. Paul Preparatory School

    0.20 miles

  • Upper Mississippi Academy

    0.61 miles

  • Metropolitan State University (Saint Paul campus)

    0.84 miles

  • St Matthews/West Side Summit

    1.22 miles

  • St. Paul College

    1.24 miles

  • St. Paul City Primary School

    1.44 miles

  • Bruce F. Vento Elementary School

    1.56 miles

  • Humboldt Senior High School

    1.59 miles

  • Cherokee Heights Elementary School

    1.69 miles

  • MacDonald Montessori School

    1.74 miles

  • Rainbow Child Development Center

    2.45 miles

  • St. Paul's Childcare Center

    2.62 miles

  • Hodan Childcare Center

    2.73 miles

  • Pathways to Play

    3.34 miles

  • KinderCare

    3.39 miles

  • Primrose School

    3.89 miles

  • Highland Park Montessori School

    3.96 miles

  • Peaceful Heights

    4.06 miles

  • St. Paul Learning Center

    4.72 miles

  • The Little School

    4.91 miles

Frequently Asked Questions

What is the lease rate for Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone!?

Rental asking rate at Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone! is $1,375,000.00/YR.

What is the total square footage of Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone!?

Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone! totals 44,423 square feet.

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Contact Listing Broker

broker

Chad Heer

KW Commercial - Roseville, MN

(612) 963-5147