Map of Property

Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone!

For Sale

262 4th Street East, Saint Paul, MN 55101

This Saint Paul property for sale is located at 262 4th Street East. The current listed sale price for Mixed Use Downtown St. Paul Gem, located in an Opportunity Zone! is $2,750,000.

Contacts

broker

Chad Heer

KW Commercial - Roseville, MN

(612) 963-5147

Property Details

  • Property Type Multi-Family
  • Property Size 44,423 SF
  • Units 29
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 19, 2024
Lowertown Saint Paul value add multifamily! An existing 29 unit, 27 residential/2 commercial unit mix. Residential units are loft style mostly 1 bed unit, however, it has potential to be turned into 41 units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location, walk to all the best downtown spots. Tenants pay utilities through RUBs. District Energy heat. Tax Credits remaining and in Opportunity Zone. Commercial units on long leases. EPDM Roof, in good condition, per report. In place 6.53 cap rate.Lowertown Saint Paul value add multifamily! An extremely well-built 29 unit (27 Residential & 2 Commercial unit mix). Residential units are loft style (Mostly 1 Bedroom units) with potential to convert into 41 total units, and almost double the bedroom count due to the size and uniqueness of units. Known as an Artist loft building, art exudes the building and attracts great tenants in an amazing location! Walk to all the best downtown spots.

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Highlights

  • + Tenants pay utilities through RUBs. District Energy heat
  • + Historical Tax Credits remaining
  • + Located in an Opportunity Zone
  • + Commercial units on long term leases
  • + EPDM Roof, in good condition, per report
  • + In-Place 6.53% Cap Rate!
  • + Land Use Code: 403 APARTMENTS
  • (20-49 Rental Units)

Getting around

  • 94/100

    Walk Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Paul, MN
  • Neighborhood Downtown St. Paul
  • Zip Code 55101
  • Market Minneapolis St Paul

Points of Interest

  • Union Depot

    0.07 miles

  • Saint Paul Union Depot

    0.14 miles

  • Central Station

    0.37 miles

  • 10th Street

    0.61 miles

  • Robert Street

    0.70 miles

  • Capitol/Rice Street

    1.09 miles

  • Western Avenue

    1.59 miles

  • Dale Street

    2.06 miles

  • Victoria Street

    2.55 miles

  • Lexington Parkway

    3.04 miles

  • ChargePoint

    0.05 miles

  • Speedway

    0.21 miles

  • Metro Transit

    0.33 miles

  • BP

    0.53 miles

  • ChargePoint

    0.58 miles

  • Holiday

    0.81 miles

  • Mobil

    1.30 miles

  • M & H

    1.37 miles

  • Speedway

    1.62 miles

  • BP

    1.89 miles

  • Union Depot Lot B

    0.10 miles

  • Union Depot Lot A

    0.11 miles

  • A'Bulae

    0.17 miles

  • Union Depot Lot C West

    0.18 miles

  • Jackson Street Ramp

    0.21 miles

  • US Bank Building

    0.32 miles

  • Union Depot Lot C East

    0.33 miles

  • Robert Street Municipal Parking Ramp

    0.42 miles

  • Victory Ramp

    0.46 miles

  • Treasure Island Center

    0.49 miles

  • SpringHill Suites by Marriott St. Paul Downtown

    0.35 miles

  • Hotel 340

    0.39 miles

  • DoubleTree by Hilton Hotel Downtown St. Paul

    0.40 miles

  • Crowne Plaza

    0.46 miles

  • Drury Plaza Hotel

    0.46 miles

  • The Saint Paul Hotel

    0.57 miles

  • Hampton Inn & Suites

    0.91 miles

  • Best Western Plus Capitol Ridge

    1.08 miles

  • Residence Inn by Marriot

    1.23 miles

  • DoubleTree by Hilton St. Paul East

    3.88 miles

  • Lunds & Byerlys

    0.51 miles

  • Rivertown Market

    0.55 miles

  • Cossetta Alimentari

    0.97 miles

  • Mississippi Market Natural Food Co-Op

    1.04 miles

  • El Burrito Mercado

    1.34 miles

  • Bymore Supermercado

    1.40 miles

  • Bymore

    1.41 miles

  • 88 Oriental Foods

    1.41 miles

  • East Side Grocery

    1.51 miles

  • Hatien Asian Market

    1.55 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chad Heer

KW Commercial - Roseville, MN

(612) 963-5147