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US Bank Center | Arts District Downtown 101 5th St E 380,171 SF Office Building Online Auction Sale Saint Paul, MN 55101
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Capitalize on the US Bank Center, a commanding 25-story office tower in the heart of the Arts District of the St. Paul CBD.
- St. Paul offers a robust workforce with over 118,600 employees within 2 miles of the US Bank Center.
- At the core of it all, surrounded by retailers, restaurants, and conveniences like Subway, USPS, Gambit Brewing, Starbucks, and more.
- Offering premier transit access just steps to major bus routes and commuter rail options, ensuring effortless commutes.
- Ideally placed in St. Paul’s renowned skyline just blocks from the Mississippi River and major roadways like Highway 5 and Interstate 94 & 35.
EXECUTIVE SUMMARY
Take advantage of the opportunity to acquire the US Bank Center in the iconic St. Paul skyline.
101 East 5th Street offers investors the chance to monetize on this premier asset. This iconic 25-story office tower encompasses 380,171 square feet of highly adaptable workspace. Originally built in 1973 and fully modernized in 1995, the property masterfully blends timeless architectural character with contemporary efficiency. Flexible core floor plates support customized tenant build-outs, accommodating a wide range of occupancy needs. Designed with tenant experience in mind, the building offers a comprehensive suite of on-site amenities, including on-site parking garage, fitness center, conference center, and mail service. This helps to deliver convenience and value for both tenants and their clients. Monumental signage opportunities provide premium corporate visibility in a high-traffic location. Currently home to a synergistic mix of tenants, the property presents a compelling value-add opportunity. Investors can unlock significant upside through strategic lease restructuring and renewals, driving increased net operating income and long-term asset appreciation.
St. Paul’s Art District is a premier location for businesses and investors in the heart of downtown. Situated just off the Mississippi River, the area offers convenient access to major landmarks, including the Minnesota Museum of American Art, the United States District Court, the Department of Safety & Inspections, and several public parks. Defined by a vibrant arts and cultural scene, the district is alive with energy and creativity. A wide variety of dining and retail options, ranging from national brands to popular local favorites, are located nearby, offering convenience and appeal. Transportation is effortless, with Central Station just two blocks away, providing excellent public transit access and quick connections to major highways.
This property enjoys a strategic location within the thriving Twin Cities metropolitan area, which is home to a robust and diverse business ecosystem. The regional office landscape is anchored by major Fortune 500 corporate giants such as Target, UnitedHealth Group, Best Buy, 3M, and General Mills. In addition, the area is a financial services hub, with industry leaders like US Bancorp, Thrivent, and Ameriprise Financial serving as key economic anchors. This location offers investors a chance to thrive in a proven market.
Property tours are available by appointment only. Please contact the listing brokers to schedule.
101 East 5th Street offers investors the chance to monetize on this premier asset. This iconic 25-story office tower encompasses 380,171 square feet of highly adaptable workspace. Originally built in 1973 and fully modernized in 1995, the property masterfully blends timeless architectural character with contemporary efficiency. Flexible core floor plates support customized tenant build-outs, accommodating a wide range of occupancy needs. Designed with tenant experience in mind, the building offers a comprehensive suite of on-site amenities, including on-site parking garage, fitness center, conference center, and mail service. This helps to deliver convenience and value for both tenants and their clients. Monumental signage opportunities provide premium corporate visibility in a high-traffic location. Currently home to a synergistic mix of tenants, the property presents a compelling value-add opportunity. Investors can unlock significant upside through strategic lease restructuring and renewals, driving increased net operating income and long-term asset appreciation.
St. Paul’s Art District is a premier location for businesses and investors in the heart of downtown. Situated just off the Mississippi River, the area offers convenient access to major landmarks, including the Minnesota Museum of American Art, the United States District Court, the Department of Safety & Inspections, and several public parks. Defined by a vibrant arts and cultural scene, the district is alive with energy and creativity. A wide variety of dining and retail options, ranging from national brands to popular local favorites, are located nearby, offering convenience and appeal. Transportation is effortless, with Central Station just two blocks away, providing excellent public transit access and quick connections to major highways.
This property enjoys a strategic location within the thriving Twin Cities metropolitan area, which is home to a robust and diverse business ecosystem. The regional office landscape is anchored by major Fortune 500 corporate giants such as Target, UnitedHealth Group, Best Buy, 3M, and General Mills. In addition, the area is a financial services hub, with industry leaders like US Bancorp, Thrivent, and Ameriprise Financial serving as key economic anchors. This location offers investors a chance to thrive in a proven market.
Property tours are available by appointment only. Please contact the listing brokers to schedule.
MATTERPORT 3D TOURS
Suite 2450
/2
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Register To Bid Instructions
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
380,171 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1942/1995
Tenancy
Multiple
Building Height
25 Stories
Typical Floor Size
15,207 SF
Slab To Slab
10’
Building FAR
4.39
Lot Size
1.99 AC
Opportunity Zone
Yes
Parcel Number
06-28-22-12-0119
Zoning
B-4
Parking
348 Spaces (0.92 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Fitness Center
- Signage
- Skyway
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
17,843
165,750
356,024
2020 Population
16,442
172,581
369,307
2029 Population
17,770
161,729
348,353
2024-2029 Projected Population Growth
-0.4%
-2.4%
-2.2%
Daytime Employees
78,237
139,022
210,231
Total Businesses
4,625
9,670
17,021
Average Household Income
$83,258
$81,855
$90,089
Median Household Income
$60,902
$60,663
$66,820
Total Consumer Spending
$246.6M
$1.8B
$4.1B
Median Age
39.4
34.6
35.8
2024 Households
10,085
63,562
139,647
Percent College Degree or Above
29%
19%
22%
Average Home Value
$326,756
$290,681
$320,871
$ values in USD
SALE ADVISORS
SALE ADVISORS
John McCarthy, Senior Vice President
As a Senior Vice President for the MSP Investment Services Group, John McCarthy specializes in the sale of single and multi-tenant office and industrial properties with a focus in office and industrial dispositions. With over 30 years of experience in the Commercial Real Estate industry, John has had experience with tenant representation, investment property sales, and hands-on management of institutionally owned office and industrial buildings completing over 4,700 transactions across over 75 million square feet. John is also widely known as the Opportunity Zone expert throughout the Twin Cities and nationally.
Tom O'Brien, Vice Chair
Tom O’Brien is a highly respected leader in the Minneapolis-St. Paul commercial real estate market, serving as vice chair in Colliers’ Minneapolis-St. Paul office and a key member of the Office and Industrial Investment Services Team. Recognized for his deep market expertise and extensive investor network, Tom has played a pivotal role in shaping the region’s investment landscape.
Tom has facilitated some of the region’s most significant investment sales across the office, industrial, and medical sectors. His strategic approach helps clients navigate complex transactions, maximize asset value, and capitalize on emerging market opportunities. His ability to structure deals that align with client objectives makes him a sought-after partner in the investment community.
Clients and colleagues alike value Tom for his sharp financial acumen, steady leadership, and ability to drive results in even the most challenging market conditions. He is widely regarded as a collaborative deal maker who brings a solutions-oriented mindset to every transaction. His reputation for integrity, creativity, and unwavering commitment to client success has cemented his status as one of the Twin Cities’ top investment sales professionals.
Tom’s track record is truly impressive with his recent notable deals include the sale of the 1.6 MSF Normandale Lake Office Park; the sale of 10 West End, a 344,000 SF office building; the sale of Thrivent’s 261,000 SF headquarters; and the sale of a variety of single-tenant and multi-tenant industrial and medical office properties. Prior to Colliers, Tom spent 24 years at Cushman & Wakefield as an Executive Director with the Capital Markets team, where he specialized in the sale of office, industrial, and medical office assets.
Tom has facilitated some of the region’s most significant investment sales across the office, industrial, and medical sectors. His strategic approach helps clients navigate complex transactions, maximize asset value, and capitalize on emerging market opportunities. His ability to structure deals that align with client objectives makes him a sought-after partner in the investment community.
Clients and colleagues alike value Tom for his sharp financial acumen, steady leadership, and ability to drive results in even the most challenging market conditions. He is widely regarded as a collaborative deal maker who brings a solutions-oriented mindset to every transaction. His reputation for integrity, creativity, and unwavering commitment to client success has cemented his status as one of the Twin Cities’ top investment sales professionals.
Tom’s track record is truly impressive with his recent notable deals include the sale of the 1.6 MSF Normandale Lake Office Park; the sale of 10 West End, a 344,000 SF office building; the sale of Thrivent’s 261,000 SF headquarters; and the sale of a variety of single-tenant and multi-tenant industrial and medical office properties. Prior to Colliers, Tom spent 24 years at Cushman & Wakefield as an Executive Director with the Capital Markets team, where he specialized in the sale of office, industrial, and medical office assets.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 40750750
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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US Bank Center | Arts District Downtown | 101 5th St E
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