445 Minnesota StSaint Paul, MN 55101

  • Office buildings
  • 334,376 SF
For Lease
$22.32/SF/YR View listing

Property Details for 445 Minnesota St

Year built
1979
Lot size
0.46 AC
Property size (Sq ft)
334,376 SF
Zone code
N
Property type
Office buildings
APN
06-28-22-12-0112
APU
62822120112

Description

This Class A office building, located at 445 Minnesota Street Suite 1500 in Saint Paul, Minnesota, offers 11,977 square feet of versatile workspace. Currently, 5,970 square feet are available, divisible into units as small as 10 square feet, with a maximum contiguous space of 1,300 square feet. The building features 350 total suites, catering to a variety of business needs, including executive offices, coworking spaces, and creative office layouts. Renovated in 2019, the property boasts modern amenities including elevators and a convenient downtown location, just blocks from the riverfront and easily accessible from the interstate. On-site amenities include a business lounge, video-conferencing studio, and a sandwich and coffee bar. The building is situated in Ramsey County, zip code 55101, offering tenants easy access to nearby walking and cycling paths, bistros, and bars. This exceptional property provides a distinctive business address in the heart of Saint Paul's vibrant downtown. The building's central location and modern features make it an ideal choice for businesses seeking a prestigious and convenient workspace.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $61,476,760
    6.5%
    $56,747,780
    7%
    $52,694,364
  • Comparable approach

    Method
    Valuation
    Relative Method
    $17,066,552
    Geo Method
    $17,066,552
  • Alternative Use

    Use
    Valuation
    Residential
    $70,367,248
    Hospitality
    $64,456,020
    Educational
    $53,626,652
    Medical
    $55,470,952
    Retail
    $83,419,232

Location Insight

City
Saint Paul
County
Ramsey
State
Minnesota
Latitude
44.9482
Longitude
-93.0943
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$566,374
$1,614,300
$13,773,700
$15,388,000
-
$1,614,300
$13,773,700
$15,388,000

FAQs

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