Listed By
Agency Name: Mitchell Realty LLC
Agency Phone: 612-296-5483
Shown By
Agent Name: Thomas Simonsen, Metrowide Team
Agent Phone: (612) 978-2585
Agency Title: Counselor Realty
Property Description
Welcome to an exceptional investment opportunity in the heart of St. Paul! This charming three-story, 19-unit apartment building is perfectly situated on historic Grand Ave, elegantly perched on a hill that offers breathtaking views. This well-maintained building features original hardwood floors throughout, showcasing the timeless craftsmanship and architectural character that defines this beautiful property. The spacious units comprise 12 studio apartments and 7 one-bedroom apartments, each benefitting from great natural light and stunning views through large windows. Key features include:Vacant building ready for new ownershipRecent upgrades, including a newer boiler and roof, ensuring efficiency and reliabilityClean and well-kept interiors, inviting a variety of potential usesGreat layout with large unit sizes, allowing for versatile living arrangementsHistorically, the property served as a supportive housing medical facility, creating an ideal opportunity for the new owner to continue in that capacity or transition to market-rate apartments, sober housing, supportive housing, or other beneficial uses. Don't miss the chance to acquire this fantastic investment on Grand Ave, where charm meets modern updates, all while being surrounded by scenic views and the vibrant community of St. Paul.
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487 Grand Avenue, Saint Paul, MN 55102
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487 Grand Avenue, Saint Paul, MN 55102
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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487 Grand Avenue | MLS# 7021856
This commercial property located at 487 Grand Avenue, Saint Paul, MN 55102 is currently listed for sale with an asking price of $2,000,000. Grand Avenue is located within the St. Paul school district. Search Saint Paul real estate on tsimonsen.counselorrealty.com today.