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734 Grand Ave 12,122 SF Retail Building Saint Paul, MN 55105 $3,393,225 CAD ($279.92 CAD/SF) 6.69% Cap Rate
Investment Highlights
- Prime Grand Avenue frontage with excellent visibility and access
- In-place income from Walgreens through March 31, 2029
- Hard to find off-street parking on Grand Avenue
- Large-format retail footprint (rare on the corridor)
- Potential redevelopment into residential or mixed-use including retail
- Re-tenanting to higher-rent boutique, restaurant, medical, or experiential users
Executive Summary
The site presents a potential opportunity for future mixed-use redevelopment, including residential units above ground-floor retail. A strong underlying building is currently masked by the existing façade. Redevelopment would provide the opportunity to re-tenant the property to higher-rent boutique, restaurant, medical, or experiential users.
Highlights
• Prime Grand Avenue frontage with excellent visibility and access
• Large-format retail footprint (rare on the corridor)
• In-place income from Walgreens through March 31, 2029
• Strong underlying land value on an irreplaceable Saint Paul commercial corridor
• Hard to find off-street parking on Grand Avenue
• Re-tenanting to higher-rent boutique, restaurant, medical, or experiential users
• Potential redevelopment into residential or mixed-use including retail
• In-place rents below market with future upside
Highlights
• Prime Grand Avenue frontage with excellent visibility and access
• Large-format retail footprint (rare on the corridor)
• In-place income from Walgreens through March 31, 2029
• Strong underlying land value on an irreplaceable Saint Paul commercial corridor
• Hard to find off-street parking on Grand Avenue
• Re-tenanting to higher-rent boutique, restaurant, medical, or experiential users
• Potential redevelopment into residential or mixed-use including retail
• In-place rents below market with future upside
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,122 SF
Building Class
B
Year Built/Renovated
1914/1988
Price
$3,393,225 CAD
Price Per SF
$279.92 CAD
Cap Rate
6.69%
NOI
$227,173 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.28 AC
Zoning
B3 - General Business
Parking
30 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-28-23-41-0174 | Improvements Assessment | $5,504,089 CAD |
| Land Assessment | $765,345 CAD | Total Assessment | $6,269,434 CAD |
Property Taxes
Parcel Number
02-28-23-41-0174
Land Assessment
$765,345 CAD
Improvements Assessment
$5,504,089 CAD
Total Assessment
$6,269,434 CAD
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734 Grand Ave
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