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.
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.
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