413 Wacouta StSaint Paul, MN 55101

Property Details for 413 Wacouta St

Year built

1894

Lot size

0.29 AC

Property size (Sq ft)

49,920 SF

Zone code

P

Property type

Office buildings

APN

31-29-22-44-0055

APU

312922440055

Description

This stunning five-story, 49,920-square-foot building, constructed in 1894 and listed on the National Register of Historic Places, offers a variety of office spaces in the heart of St. Paul's Lowertown. The building features a blend of historic charm and modern updates, including high-speed Wi-Fi and a recently renovated interior. Suites range from cozy individual offices (approximately 489 square feet) to expansive full suites exceeding 9,246 square feet, providing flexibility for businesses of all sizes. The property boasts two elevators, 24/7 card access, and a full-time on-site property manager ensuring smooth operations. Tenants enjoy a competitive, all-inclusive lease rate covering CAM, taxes, and utilities. The building's character is enhanced by its historic brick and timber construction and abundant natural light. Convenient parking is readily available in a nearby lot exclusively for tenants and visitors, with additional options including inexpensive parking directly behind the building, underground parking in neighboring structures, and second-floor skyway access. A complimentary conference room adds to the building's amenities. Floor plans and availability are detailed in the offering memorandum and on the property website. Minimum leasable space is 100 square feet, with a maximum contiguous space of 3,072 square feet. The building is classified as Class B.

• CAP approach

  CAP return

  Valuation

  6%

  $9,178,051

  6.5%

  $8,472,047

  7%

  $7,866,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,547,917

  Geo Method

  $2,547,917

• Alternative Use

  Use

  Valuation

  Residential

  $10,505,338

  Hospitality

  $9,622,833

  Educational

  $8,006,084

  Medical

  $8,281,426

  Retail

  $12,453,909

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9503

Longitude

-93.0885

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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