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935-937 Arcade St
Saint Paul, MN 55106
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High-visibility mixed-use property located on Arcade Street, a prominent arterial in Saint Paul’s Payne-Phalen neighborhood
- One to two (1–2) retail spaces on the main level, including one large space that could easily be demised for multiple tenants
- Two (2) income-producing residential apartments located on the second floor
- The Arcade Street corridor features strong traffic counts and a diverse mix of storefronts, services, and local businesses
- Additional main-level warehouse/storage areas provide flexible commercial or back-of-house use. A 1,700 SF garage is also included.
- Surface parking lot with approximately 18 off-street spaces. Cannabis friendly zoning.
EXECUTIVE SUMMARY
SVN | Northco is pleased to present, as exclusive advisor to ownership, the offering of 935-937 Arcade Street in Saint Paul, Minnesota 55106 ("Property"). This two-story mixed-use building features approximately 35 feet of frontage along Arcade Street and totals 4,308 square feet. Originally constructed in 1884, the Property retains its historic character while offering flexible space currently configured for multiple tenancies; there are two retail suites on the main floor, two apartments on the second level, and warehouse/garage space in the rear of the building. Cannabis friendly zoning.
Located in Saint Paul's vibrant Payne-Phalen neighborhood, the Property benefits from strong visibility on a well-trafficked commercial corridor, surrounded by a growing mix of retail, service, and dining establishments.
The area is undergoing a transformative $30 million infrastructure improvement project, including complete reconstruction of Arcade Street, sidewalks, and utility systems (water, electric, gas, etc.). This work is actively underway and is scheduled for completion by early Fall 2025, positioning the Property for increased long-term value and enhanced curb appeal.
This is an ideal opportunity for investors, owner-users, or developers looking to capitalize on a centrally located asset within one of Saint Paul’s most active and evolving neighborhoods.
Located in Saint Paul's vibrant Payne-Phalen neighborhood, the Property benefits from strong visibility on a well-trafficked commercial corridor, surrounded by a growing mix of retail, service, and dining establishments.
The area is undergoing a transformative $30 million infrastructure improvement project, including complete reconstruction of Arcade Street, sidewalks, and utility systems (water, electric, gas, etc.). This work is actively underway and is scheduled for completion by early Fall 2025, positioning the Property for increased long-term value and enhanced curb appeal.
This is an ideal opportunity for investors, owner-users, or developers looking to capitalize on a centrally located asset within one of Saint Paul’s most active and evolving neighborhoods.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,308 SF
Building Class
F
Year Built
1884
Price
$553,356 CAD
Price Per SF
$128.45 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.42
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
T2 - Zoned T2 – Traditional Neighborhood, allowing for a wide range of residential, retail, office, and mixed-use possibilities
Frontage
35’ on Arcade St
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 29-29-22-41-0017 | Improvements Assessment | $624,047 CAD |
| Land Assessment | $118,695 CAD | Total Assessment | $742,742 CAD |
PROPERTY TAXES
Parcel Number
29-29-22-41-0017
Land Assessment
$118,695 CAD
Improvements Assessment
$624,047 CAD
Total Assessment
$742,742 CAD
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