Redevelopment Opportunity | Downtown St. Paul, MN
Downtown St. Paul Redevelopment Opportunity Near $1B Revitalization Effort
Investment highlights
CBD Location -
Located in downtown, less than 1 mile from the state capital, and has strong walkability. This property has easy access to major highways and is a short walk to the Green Line Station. It is well-connected to the broader Twin Cities metro area, offering convenience for both customers and employees.
Downtown St. Paul Revitalization -
The current revitalization includes converting underutilized office buildings into residential housing to attract new residents and making the Riverfront a focal point of downtown. More than $1 billion in public and private investment is planned along the Mississippi River corridor, including the newly completed Downtown Riverwalk.
Multiple Redevelopment Possibilities -
This property has a ton of potential, whether it be an easy plug-and-play opportunity for a new daycare provider or even outright redevelopment.
Strong Market Fundamentals -
The St. Paul retail submarket has 5.4% vacancy, but as of the second quarter of 2026, there is no retail space under construction in St. Paul. Several locally owned specialty retailers and restaurants have recently opened in downtown as well as the grocery store, Aldi.
Solid Demographics -
The property is located in an area with a stable population and solid demographics, with a 5-mile population of over 369,000 and an average household income of over $98,000.
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