Land•Other•For Sale

University Station Redevelopment

1647-1671 University Avenue West, Saint Paul, Minnesota 55104

Sale Price $3,500,000 ($77.26 /SqFt)
Land Area 1.04 Acres
Market Minneapolis/St. Paul
Sub-Market Suburban St. Paul
Parcel# 332923140183; 332923140184
Opportunity to acquire two (2) adjacent parcels of land totaling 1.04 acres and currently improved with two (2) freestanding retail buildings and situated along University Avenue in the Midway neighborhood of St. Paul. The property is ideally located with significant street frontage along University Avenue and is walking distance to the Metro Green Line -Snelling Station, Allianz Field, and the Snelling/University retail area. Immediately across the street is the Healtheast Midway Campus Clinic operated by Fairview Health Systems. The subject property is suited for either re-tenanting of the existing improvements or redevelopment into a highest and best use suggested as mixed-use residential and retail development - as guided by the St. Paul 2040 comprehensive plan and area zoning.
  • Currently improved with two existing freestanding retail buildings totaling approximately 15,000 square feet.
  • The site consists of two (2) contiguous parcels of land totaling 1.04 Acres.
  • Ideally situated in the Midway neighborhood of St. Paul near Allianz Field and Snelling / University Avenues.
  • Walking distance to Snelling Station - Metro Green Line Light Rail
  • Across the street from Healtheast's Midway Campus Hospital
  • Significant New and Proposed Redevelopment along University Avenue between the University of Minnesota and the State Capital.
  • The city of St. Paul 2040 Comprehensive Plan suggests the highest and best use slated for Mixed-Use Redevelopment (residential apartment and retail).

1 Spaces

1
8/8/2019 12:00:00 AM 8/8/2019 6:26:21 PM
Michael Houge, CCIM, SIOR
Director of Commercial
Minneapolis Lakes

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