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2469 W University Ave 14,468 SF 100% Leased Office Building Saint Paul, MN 55114 $2,442,860 CAD ($168.85 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prominent welcoming professional building
- Exclusive parking with approximately 40 parking stalls
- Spine design allowing entrance from University Avenue or private back parking lot
EXECUTIVE SUMMARY
The 0.62 acre site is located directly on University Avenue in St. Paul with quick access to I-94 and Hwy 280. Currently zoned T3-Traditional Neighborhood District. This district provides for higher-density pedestrian and transit oriented mixed-used development.
The condition, location, size, and zoning of this site allows for a variety of potential uses including maintaining current use as a multi-tenant office building, a single tenant owner-user, or potential mixed-use redevelopment site.
• Property located in New Market Tax Credits eligible census tract and an Opportunity Zone
• Exclusive parking with approximately 40 parking stalls
• Driveway access direct to University Avenue
• Spine design allowing entrance from University Avenue or private back parking lot
• Prominent welcoming professional building
• New roof installed Fall 2025 with a GAF Certified Asphalt System
The condition, location, size, and zoning of this site allows for a variety of potential uses including maintaining current use as a multi-tenant office building, a single tenant owner-user, or potential mixed-use redevelopment site.
• Property located in New Market Tax Credits eligible census tract and an Opportunity Zone
• Exclusive parking with approximately 40 parking stalls
• Driveway access direct to University Avenue
• Spine design allowing entrance from University Avenue or private back parking lot
• Prominent welcoming professional building
• New roof installed Fall 2025 with a GAF Certified Asphalt System
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$50,513
|
$3.49
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,513
|
$3.49
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes (CAD) | |
|---|---|
| Annual | $50,513 |
| Annual Per SF | $3.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,513 |
| Annual Per SF | $3.49 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
14,468 SF
Building Class
B
Year Built
1971
Price
$2,442,860 CAD
Price Per SF
$168.85 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,234 SF
Slab To Slab
12’
Building FAR
0.54
Lot Size
0.62 AC
Opportunity Zone
Yes
Zoning
T-3 - T-3 Traditional Neighborhood District
- A mix of uses, including residential, commercial, civic and open space uses in close proximity to one another.
Parking
40 Spaces (2.76 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 29-29-23-34-0025 | Total Assessment | $1,422,076 CAD |
| Land Assessment | $1,143,335 CAD | Annual Taxes | $50,513 CAD ($3.49 CAD/SF) |
| Improvements Assessment | $278,742 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
29-29-23-34-0025
Land Assessment
$1,143,335 CAD
Improvements Assessment
$278,742 CAD
Total Assessment
$1,422,076 CAD
Annual Taxes
$50,513 CAD ($3.49 CAD/SF)
Tax Year
2025
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2469 W University Ave
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