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31284906
31284939

664 Grand Ave, Saint Paul, MN 55105 For Sale

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial
$3,650,000
119 days on market
Updated 37 days ago

The Crocus

Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Creative Office (+1)
Square Footage 18,851
Units 10
Price per SqFt $194
Year Built 1928
Buildings 1
Acreage 21450.000
Zoning B2
Ground Lease No

10-Unit Mixed-Use Asset

Marketing description

• Results Commercial is pleased to exclusively present this 10-Unit Mixed-Use Asset prominently located along highly desirable Grand Avenue in St. Paul
• Diversified & Stable Income Stream with a balanced mix of retail, office, and residential tenants, reducing overall investment risk
• Retail Component Anchored By Mick’s Bottle Shop and a new fully built-out Restaurant/Bar space (Russell’s)
• 5 Apartments Upstairs including (1) Studio, (3) 1 bedrooms, (1) 2 bedroom
• 3 Fully Leased Offices on the 2nd Level with strong rental history
• Recent Capital Improvements include extensive interior and exterior updates, highlighted by a high-quality complete Restaurant & Bar buildout completed approximately one year ago
• Beautiful Turn-Key Restaurant/Bar Opportunity with significant upfront capital already invested. Ready for immediate operation (no-lease back)
• Stabilized Cash Flow with all units leased except for the available restaurant/bar space
• Value-Add Opportunity with vacant restaurant/bar space ideal for owner operator or lease-up
• Reason for Sale: Building & Restaurant Owner Retiring
• Ideal For investors seeking stable in-place income with upside or restaurant/bar operators seeking true turn-key potential
• 11,719 SF Above-Grade with 18,851 SF Total Building Area including basement
• Strong Grand Avenue Location with consistent foot traffic, established retailers, and affluent surrounding demographics
• Contact Listing Brokers, Hayden Hulsey, CCIM & Mark Hulsey for more information and financials

Investment highlights

Listing Contacts

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial

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Additional Information

Name
Hayden Hulsey, CCIM
License
MN 40266763
Brokerage
RE/MAX Results
Title
Commercial & Investment Broker
Brokerage Address
748 Grand Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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