360 University AveSaint Paul, MN 55103

Property Details for 360 University Ave

Year built

2016

Construction

WOOD FRAME

Lot size

0.25 AC

Property size (Sq ft)

15,688 SF

Property type

Investment properties

Property subtype

Live-work space

APN

36-29-23-42-0151

APU

362923420151

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,884,320

  6.5%

  $2,662,449

  7%

  $2,472,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $800,716

  Geo Method

  $800,716

• Alternative Use

  Use

  Valuation

  Residential

  $3,301,437

  Hospitality

  $3,024,099

  Educational

  $2,516,014

  Medical

  $2,602,544

  Retail

  $3,913,800

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9555

Longitude

-93.1151

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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