For Sale
$2,200,000

360 University AveSaint Paul, MN 55103

Prime location, 100% occupied, high-return potential.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use property at 360 University Ave W in Saint Paul, Minnesota, presents a lucrative investment opportunity. Boasting 14,739 square feet, this two-story building, constructed in 2016, is currently 100% occupied. The property features a diverse tenant mix including a restaurant (So Mala Café and Grill), an auto shop, and apartment units, reflecting its versatile T2 Traditional Neighborhood zoning. With eight units in total, the building offers a strong rental income stream. Conveniently located near the Green Line/Western Avenue Light Rail Station, this property benefits from excellent accessibility and proximity to numerous amenities, including shopping, dining, and entertainment options. Building features include an elevator, controlled access, off-street parking, high-speed internet, and a smoke-free environment. The property is also a green building, reflecting a commitment to sustainability. Co-tenants include established businesses such as Adult Day Services LLC Rondo, Higher Standards, Inc., and Aurora St. Anthony NDC, adding to the property's stability and appeal. The asking price is $2,200,000. This is a rare opportunity to acquire a high-performing, mixed-use asset in a thriving Saint Paul neighborhood. The property's strong occupancy rate, desirable location, and diverse tenant base make it an ideal investment for discerning buyers seeking a stable and appreciating asset.

Highlights

  • $2,200,000 asking price.
  • 14,739 square foot mixed-use building (retail, multifamily).
  • 100% occupancy with eight units.
  • Built in 2016, two stories, T2 Traditional Neighborhood zoning.

Property Details for 360 University Ave

Property type
Retail properties, Restaurants
Square Feet
14,739 SF
Year Built
2016
Stories
2
Units
8

Location Insight

City
Saint Paul
County
Ramsey
State
Minnesota
Latitude
44.9555116
Longitude
-93.1151417
360 University Ave, Saint Paul, Minnesota

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360 University Ave
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