The Grace Building
Retail | 56,000 SqFt
Marketing description
Since 1941 the Grace Building has been situated at the bustling corner of 7th and Wabasha in the heart of downtown St. Paul. Once home to Shuneman’s and Howard’s department stores, the building helped make up a vibrant retail district along the 7th Street corridor.
Legacy tenant Walgreens occupied a prominent corner from the 1940s to 2018, when shoppers arrived by streetcar to the bright theater lights of 7th Street. The Grace Building was also home to jewelers C.J. Silver and Gittelson’s in the 1950s. Since retail made a departure from the upper floors of the Grace Building, several businesses and organizations have held their offices in the bright, high-ceilinged spaces.
Today, the vibrancy of The Grace Building lives on overlooking the serene 7th Place pedestrian mall. The recently remodeled 2,500-seat Palace Theatre opened in early 2017, complimenting Park Square theatre and bolstering the area’s entertainment options. Across Wabasha Street, the former Macy’s building has been transformed into a state-of-the-art hockey facility for the Minnesota Wild, as well as new office, restaurant, and retail space.
Investment highlights
- Located in an Opportunity Zone
- Principal Zoning B4 Central Business
- Located in the heart of Saint Paul
- 56,000 square foot central business district building
- Three story (plus full lower level) mixed-use 1941-built structure
- Approximate14,000 square foot floor plates
- 0.34 acre downtown parcel with 100’ of frontage on Wabasha and 150’ on 7th Place Mall
- Terrazo floors
- Great natural light with large, operable windows
- Easy access from I-94, I-35E and Hwy 52
- Transit access via Green Line and bus routes
- Many retail and entertainment amenities nearby
- Great signage and branding opportunities
- Listing price $2,950,000
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