1350 Energy LnSaint Paul, MN 55108

Property Details for 1350 Energy Ln

Year built

1986

Lot size

7.41 AC

Property size (Sq ft)

119,199 SF

Zone code

R

Property type

Office buildings

APN

27-29-23-31-0105

APU

272923310105

Description

This exceptional St. Paul commercial property, located at 1350 Energy Ln, 55108, offers a unique blend of office and flex space. The property comprises two, two-story Class B buildings totaling 123,577 rentable square feet, strategically situated in the Midway area, equidistant from Minneapolis and St. Paul's central business districts. Built in 1986, the buildings feature a central atrium and elevators, providing convenient access to the various suites. Currently, 35,931 square feet of space is available, divisible into units ranging from a minimum of 709 square feet to a maximum contiguous space of 27,146 square feet. The property boasts a 7.41-acre lot and is zoned I-1. While primarily featuring office finishes (approximately 95%), the buildings also include loading docks and drive-in doors, catering to businesses requiring flex space capabilities. This versatile property presents a compelling opportunity for businesses seeking a well-located and adaptable workspace in the thriving St. Paul market. The property's two-story design and central amenities create a functional and efficient environment. The available space is ideal for a variety of uses, from traditional office setups to businesses requiring a blend of office and industrial space. This is a rare opportunity to secure a significant amount of space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $21,915,354

  6.5%

  $20,229,558

  7%

  $18,784,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,083,917

  Geo Method

  $6,083,917

• Alternative Use

  Use

  Valuation

  Residential

  $25,084,650

  Hospitality

  $22,977,406

  Educational

  $19,116,932

  Medical

  $19,774,392

  Retail

  $29,737,450

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9696

Longitude

-93.1582

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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