For Sale: Saint Paul MLS# 7015183
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Prime Transit-Oriented Redevelopment Assembly – St. Paul’s Vibrant Green Line Corridor!Seize this exceptional investment and development opportunity: six contiguous parcels (PID#s: 332923420006, 332923420008, 332923420009, 332923420010, 332923420011, 332923420012) totaling 0.46 acres or 20, 038 sq feet of land, strategically located along the high-demand Green Line Light Rail corridor in the heart of St. Paul’s Midway district.Zoned T3+ for flexible, high-density, mixed-use development, this site offers maximum versatility for transit-oriented projects—ideal for multifamily residential, commercial/retail, office, or innovative live-work concepts with strong pedestrian and transit connectivity.The property sits in one of the city's hottest redevelopment hubs, just steps from:Allianz Field (home of Minnesota United FC)
Fairview Ave and Penn Ave Green Line stations
University of Minnesota campus
The bustling Midway neighborhood
All key amenities and employment centers are within easy reach—often under a mile—making this an unbeatable location for future growth and value appreciation.Current income-producing configuration includes:
2 small mixed-use commercial buildings
1 duplex
1 single-family home
Plus an on-site parking lot
Strong monthly rental income (totaling $6, 900):$1, 800 – 1744 University Ave (single-family home)
$2, 000 – 1738 University Ave (duplex, both units combined)
$1, 150 – 471 Herschel (lower unit commercial space)
$950 – 1728 University Ave (upper residential unit)
$1, 000 – 1730 University Ave (upper residential unit)
(Note: Lower commercial unit at 1730 University Ave is currently vacant)
This is a rare chance to acquire a turnkey cash-flowing asset with tremendous upside through redevelopment in a rapidly evolving, transit-rich area. Perfect for developers, investors, or visionaries ready to transform this site into something extraordinary.Don't miss this electrifying opportunity—contact me today to explore the possibilities!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$889,900
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
4
County:
Ramsey
Year Built:
1907
State:
MN
Property Style:
Other
Zip Code:
55104
Neighborhood/Area:
96
Subdivision Name:
Howard Park
Interior
Bedrooms:
11
Bathrooms:
8
Flooring:
Carpet, Engineered Hardwood, Vinyl, Wood
Appliances Included:
- Gas Water Heater
- Range
- Refrigerator
Basement Details:
- Block
- Other
Exterior
Garage Spaces:
4
Foundation Size:
14,400 ft2
Foundation Dimensions:
90x160
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
- Hot Water
Parking Features:
- Asphalt
- Assigned
- Detached Garage
- Gravel
- Guest Parking
- Multiple Garages
- Other
- Parking Lot
- Paved Lot
- Shared Garage/Stall
- Unassigned
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Brick
- Concrete
- Frame
- Stone
Roof Details:
- Age Over 8 Years
- Asphalt
- Flat
- Metal
- Pitched
- Rubber
- Shake
- Tar/Gravel
- Unspecified Shingle
Lot & Land
Acres:
0.46
Geolocation:
44.955417, -93.173613
Inclusions:
Building, Land, Leases, Other
Lot Dimensions:
184 x 70 x 44 x 51 x 140 x 121
Zoning:
- Business/Commercial
- Lot
- Other
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
2102
District Phone:
6517678100
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$500
Annual Trash Expense:
$2,400
Annual Water/Sewer Expense:
$1,500
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,708
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,708
Income
Annual Gross Income:
$82,800
Rent
Annual Net Income:
$63,800
Units
Total Units:
7
Miscellaneous
Current Use:
- Commercial
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
- Heating Separate
- Hot Water Common
- Hot Water Separate
Water System:
- City Water - In Street
- City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.