1845 University AveSaint Paul, MN 55104

Property Details for 1845 University Ave

Year built

2021

Lot size

0.14 AC

Property size (Sq ft)

3,200 SF

Property type

Apartment buildings

APN

33-29-23-24-0074

APU

332923240074

Description

The Morrow offers exceptional retail space in a Class A, five-story building constructed in 2022. Located at 1845 University Ave W, St. Paul, MN 55104, this single-tenant space boasts 1,200 to 2,452 square feet of versatile area, ideal for a variety of uses including restaurants, fast food, soft goods, bakeries, or coffee shops. The building's total square footage is 200,000 square feet, ensuring ample space and a strong presence within the community. Situated in Ramsey County, this property benefits from high traffic visibility on University Avenue, a key thoroughfare. Its proximity to St. Thomas University and numerous national retail establishments guarantees significant foot traffic and exposure. Furthermore, its convenient location within two miles of Highways 94 and 280 provides easy access for customers and employees. The building includes elevators for convenient access to all floors. This exceptional opportunity presents a chance to establish a thriving business in a vibrant and growing area, enhanced by its walkable distance to the light rail.

• CAP approach

  CAP return

  Valuation

  6%

  $729,537

  6.5%

  $673,419

  7%

  $625,318

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,158

  Geo Method

  $253,158

• Alternative Use

  Use

  Valuation

  Residential

  $673,419

  Hospitality

  $616,848

  Educational

  $513,211

  Medical

  $530,861

  Retail

  $798,328

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9566

Longitude

-93.1781

CBSA code

33460

CBSA name

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

Property Tax & Assessments

FAQs

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