Property Highlights

  • 27,000 land sq/ft; 0.62 acres

  • Regularly sized, flat elevation

  • Opportunity Zone Qualified

  • Existing Building deemed a non-contributing property within a historic district. The only site in the area that can be fully redeveloped.

  • Within the “Creative Enterprise Zone” neighborhood of St. Paul

  • Appropriately zoned as T3 for a wide range of commercial uses

  • Currently an owner-occupied office building without long-term leases. No lease buyout needed.

Location

  • Located directly on University Ave and one building from the corner of Highway 280

  • Visibility from multiple highway exits and intersections

    • “Going to work” side of street as drivers head to Highway 280 and Westbound or Eastbound I-94.

  • High weekday traffic

    • per MNDOT, an AADT of 17,800 Vehicles was last measured in 2016, with arguably increased traffic since last sample

  • A highly walkable neighborhood with significant apartment residence presence

A literal one-of-a-kind redevelopment opportunity in the Creative Enterprise District of St. Paul. Home to the next:

Starbucks Cafe Store…

Dunn Brothers…

Trader Joe’s Grocery…

Aspen Dental…

PNC Bank…

There is a significant unmet demand for familiar coffee, fast casual dining, and retail/service operations. As the area’s only site eligible for full redevelopment, consider the possibilities of several national creditworthy tenants to serve the needs of area residents and employees by foot, commuters as they pass through to major arterial highways, and patrons of two new art & entertainment centers.

Neighbors/Proximity

FilmNorth


200 feet. Opening Fall of 2024

A 10,000 sqft project costing over $10M, the new FilmNorth building will be film arts & media center. Also will be home to D/O Architects.

https://filmnorth.org/

The Playwright Center


0.4 miles. Opening 2025.

A 19,000 sqft project with renovation exceeding $8M, the new headquarters for The Playwrights Center includes a 150-seat theatre.

https://new.pwcenter.org/a-campaign-for-all-narratives/

Apartment Complexes


Multiple apartment complexes within 1500 ft of property, all built within the past 10 years:

  • The Mason

    • 203 units

  • MODA

    • 220 units

  • C&E Lofts & Flats

    • 223 units

  • Carleton Place

    • 169 units

  • The Lyric

    • 171 units

  • Ray Apartments

    • 79 units

  • Platform

    • 115 units

The Mason apartments located immediately behind the property