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947 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 retail space on the main level, Additional main-level warehouse/storage areas provide flexible commercial or back-of-house use.
- Surface parking lot in the rear with 3-5 spaces. Cannabis-friendly zoning.
- The Arcade Street corridor features strong traffic counts and a diverse mix of storefronts, services, and local businesses
- One residential apartment located on the second floor
- Zoned T2 – Traditional Neighborhood, allowing for a wide range of residential, retail, office, and mixed-use possibilities
EXECUTIVE SUMMARY
SVN | Northco is pleased to present, as exclusive advisor to ownership, the offering of 947 Arcade Street in Saint Paul, Minnesota 55106 ("Property"). This two-story mixed-use building features approximately prominent frontage along Arcade Street and totals 4,984 square feet. Originally constructed in 1916, the Property retains its historic character while offering flexible space currently configured for multiple tenancies; there is one storefront retail space on the main floor, one apartment on the second level, and warehouse 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 Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,984 SF
Building Class
C
Year Built
1916
Price
$484,186 CAD
Price Per SF
$97.15 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.02
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
T2 - Traditional Neighborhood
Frontage
43’ on Arcade St
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 29-29-22-41-0003 | Improvements Assessment | $976,654 CAD |
| Land Assessment | $54,955 CAD | Total Assessment | $1,031,609 CAD |
PROPERTY TAXES
Parcel Number
29-29-22-41-0003
Land Assessment
$54,955 CAD
Improvements Assessment
$976,654 CAD
Total Assessment
$1,031,609 CAD
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