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Faits saillants de l'investissement
- Prime location in the Lowertown/Arts District of Downtown St. Paul
- Convenient access to major employment centers in both Downtown St. Paul and Downtown Minneapolis
- Potential to enter the 4D program
- Walkable location with convenient access to key neighborhood amenities
- Niche modern community with historic charm
- Upside through additional retail leasing
Résumé de l'annonce
Cushman & Wakefield is pleased to present for sale, Commission House, a 26-unit mixed-use multifamily property located in Downtown St. Paul’s vibrant Lowertown Arts District. Originally constructed in 1885 and fully renovated in 2020, the former warehouse retains exposed brick and historic character while offering modern systems, efficient layouts, granite countertops, and community amenities including a fitness room, shared gathering space, and app based laundry.
The property is positioned in the heart of Lowertown, a highly walkable live-work-play neighborhood anchored by CHS Field and surrounded by breweries, restaurants, creative offices, and cultural institutions. Residents enjoy immediate access to Mears Park, the St. Paul Farmer’s Market, and a new downtown ALDI opening this summer, along with walkability to the METRO Green Line and convenient connectivity to I-94 and I-35E, providing easy access to both downtown St. Paul and Minneapolis.
Currently, 2,848 square feet of retail space is leased to Warrior’s Garden Hemp and Wellness through July 2029. Additional upside exists through the lease-up of the remaining 6,820 square feet of existing vacant retail space.
Commission House further benefits from meaningful investment upside through potential enrollment in the City of St. Paul’s 4D Affordable Housing Program, which could reduce real estate taxes by up to 80%.
The property is positioned in the heart of Lowertown, a highly walkable live-work-play neighborhood anchored by CHS Field and surrounded by breweries, restaurants, creative offices, and cultural institutions. Residents enjoy immediate access to Mears Park, the St. Paul Farmer’s Market, and a new downtown ALDI opening this summer, along with walkability to the METRO Green Line and convenient connectivity to I-94 and I-35E, providing easy access to both downtown St. Paul and Minneapolis.
Currently, 2,848 square feet of retail space is leased to Warrior’s Garden Hemp and Wellness through July 2029. Additional upside exists through the lease-up of the remaining 6,820 square feet of existing vacant retail space.
Commission House further benefits from meaningful investment upside through potential enrollment in the City of St. Paul’s 4D Affordable Housing Program, which could reduce real estate taxes by up to 80%.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 0,21 AC |
| Nombre d’unités | 26 | Taille du bâtiment | 28 800 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 88% |
| Sous-type de propriété | Appartement | Nombre d’étages | 3 |
| Style d’appartement | De faible hauteur | Année de construction/rénovation | 1889/2020 |
| Classe d’immeuble | A | ||
| Zonage | Commercial | ||
| Type de vente | Investissement |
| Nombre d’unités | 26 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | A |
| Taille du lot | 0,21 AC |
| Taille du bâtiment | 28 800 pi² |
| Occupation moyenne | 88% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1889/2020 |
| Zonage | Commercial |
Commodités
Commodités des unités
- Comptoirs de granit
- Planchers de bois franc
- Wi-Fi
Commodités du site
- Centre de conditionnement physique
- Installations de lessive
- Concierge pour déjeuner/Café
- Entreposage de vélo
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 22 | - | 325 - 628 |
| 1+1 | 4 | - | 397 - 523 |
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Très praticable à pied
80/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun exceptionnels
90/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 31-29-22-44-0060 | Évaluation des bâtiments | 3 978 131 $ CAD |
| Évaluation du terrain | 489 784 $ CAD | Évaluation totale | 4 467 915 $ CAD |
Impôts fonciers
Numéro de lot
31-29-22-44-0060
Évaluation du terrain
489 784 $ CAD
Évaluation des bâtiments
3 978 131 $ CAD
Évaluation totale
4 467 915 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Vue depuis la rue
Rue
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Présenté par
Commission House | 282 6th St E
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