1811 Old Highway 8Saint Paul, MN 55112

Property Details for 1811 Old Highway 8

Year built

1994

Lot size

2.08 AC

Property size (Sq ft)

31,488 SF

Zone code

D

Property type

Office buildings

APN

21-30-23-22-0016

APU

213023220016

Description

This exceptional 30,000 square foot flex space property, located at 1811 Old Highway 8 Northwest in Saint Paul, Minnesota, presents a compelling owner-user opportunity. Situated on a 2.077-acre lot in Ramsey County (zip code 55112), this mixed-use regional (MUR) zoned property offers a blend of office, production, and small warehouse space, ideal for a variety of businesses. Built in 1994, the building features a well-maintained interior and ample parking with 100 spaces. Its convenient location directly off I-35W at Highway 96 and Old Highway 8 NW provides excellent access and visibility. The property is well-suited for medical technology, in-house device manufacturing, or biotech companies. The current tenant's lease expires March 31, 2025, presenting a prime opportunity for an owner-occupier or a savvy investor. The building boasts masonry construction and is located in Flood Zone X. Asking price is $4,250,000. This is a rare chance to acquire a versatile and strategically located property in a thriving area between Minneapolis and Saint Paul.

• CAP approach

  CAP return

  Valuation

  6%

  $5,789,232

  6.5%

  $5,343,906

  7%

  $4,962,199

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,607,148

  Geo Method

  $1,607,148

• Alternative Use

  Use

  Valuation

  Residential

  $6,626,444

  Hospitality

  $6,069,787

  Educational

  $5,049,992

  Medical

  $5,223,668

  Retail

  $7,855,542

Location Insight

City

New Brighton

County

Ramsey

State

Minnesota

Latitude

45.0774

Longitude

-93.1871

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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