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1609 Jackson St
Saint Paul, MN 55117
Northstar Behavioral Health · Office Property For Sale
Investment Highlights
- Northstar Behavioral Health has 13 1/2 years remaining on a NNN lease with 2.50% annual rent increases.
- Northstar Behavioral Health Network provides services focusing on supporting individuals diagnosed with stimulant use disorder and opioid use disorder
- 5-Mile population of 353,793 and average household income over $102,000.
- Northstar Behavioral Health currenly operates 8 locations in the Twin Cities metro.
- The Property was remodeled in 2025 when NorthStar became the tenant. Low Rent PSF and large lot size and the ability to expand building size.
- Located in Opportunity Zone.
Executive Summary
Northstar signed a 15 year lease in 2025 and remodeled the property.
Opportunity Zone. The property includes 12 city lots, providing room for future expansion.
Tenant has 15 day ROFR.
Prior tenants operated as chemical dependency center for 20+ years.
Opportunity Zone. The property includes 12 city lots, providing room for future expansion.
Tenant has 15 day ROFR.
Prior tenants operated as chemical dependency center for 20+ years.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,854 SF
Building Class
C
Year Built/Renovated
1960/2025
Price
$1,915,193 CAD
Price Per SF
$279.43 CAD
Cap Rate
8%
NOI
$153,271 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,854 SF
Building FAR
0.15
Lot Size
1.06 AC
Opportunity Zone
Yes
Zoning
RM1 - Low-Density Multiple-Family Residential
Property Taxes
| Parcel Number | 19-29-22-21-0232 | Improvements Assessment | $1,001,037 CAD |
| Land Assessment | $161,024 CAD | Total Assessment | $1,162,061 CAD |
Property Taxes
Parcel Number
19-29-22-21-0232
Land Assessment
$161,024 CAD
Improvements Assessment
$1,001,037 CAD
Total Assessment
$1,162,061 CAD
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