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Park Square Court 400 Sibley St 136,000 SF Vacant Office Building Saint Paul, MN 55101 $3,483,275 CAD ($25.61 CAD/SF)
Executive Summary
Cushman & Wakefield is pleased to present Park Square Court, a 136,000 square foot, historic office project located in Minnesota’s capital city of St. Paul. The Property provides investors a unique opportunity to convert the building to a multi-family, hospitality, or boutique creative office building.
Located directly on Mears Park, the property enjoys a prime position within one of the city’s most vibrant neighborhoods, home to cultural attractions, restaurants, arts events, and the popular St. Paul Farmers Market. The building offers strong visibility, walkability, and connectivity, including direct access to the St. Paul skyway system and proximity to Union Depot and multiple Metro Green Line stations, making it exceptionally convenient for tenants and visitors alike. Multi-Family Residential is a permitted use in Zoning District B5 where this building is located.
Acquiring a landmark property like Park Square Court offers investors the rare combination of historic character, premier location, and meaningful long-term value-add opportunities in a thriving urban submarket. Additionally, the re-development opportunity available at the Park Square Court provides investors multiple opportunities to create significant value in a highly desirable and rapidly expanding neighborhood.
Located directly on Mears Park, the property enjoys a prime position within one of the city’s most vibrant neighborhoods, home to cultural attractions, restaurants, arts events, and the popular St. Paul Farmers Market. The building offers strong visibility, walkability, and connectivity, including direct access to the St. Paul skyway system and proximity to Union Depot and multiple Metro Green Line stations, making it exceptionally convenient for tenants and visitors alike. Multi-Family Residential is a permitted use in Zoning District B5 where this building is located.
Acquiring a landmark property like Park Square Court offers investors the rare combination of historic character, premier location, and meaningful long-term value-add opportunities in a thriving urban submarket. Additionally, the re-development opportunity available at the Park Square Court provides investors multiple opportunities to create significant value in a highly desirable and rapidly expanding neighborhood.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
136,000 SF
Building Class
B
Year Built
1890
Price
$3,483,275 CAD
Price Per SF
$25.61 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
27,200 SF
Slab To Slab
12’
Building FAR
3.63
Lot Size
0.86 AC
Zoning
B5 - Central Business Service
Parking
28 Spaces (0.21 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Restaurant
- Signage
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 31-29-22-44-0609 | Improvements Assessment | $3,983,055 CAD |
| Land Assessment | $2,612,456 CAD | Total Assessment | $6,595,511 CAD |
Property Taxes
Parcel Number
31-29-22-44-0609
Land Assessment
$2,612,456 CAD
Improvements Assessment
$3,983,055 CAD
Total Assessment
$6,595,511 CAD
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Park Square Court | 400 Sibley St
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