1154 Grand Avenue, Saint Paul, MN 55105
$1,225,000
Property Type:
Commercial
Lot Size (sq. ft.):
9,000
Status:
Active
Current Price:
$1,225,000
List Date:
1/13/2026
Last Modified:
6/10/2026
Overview
Description
...
(Read more)
- Fully Leased Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul
- ~6.17% Cap Rate - Perfect Investor or 1031 Opportunity
- 11 car parking lot immediately behind the building.
- Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), both occupied by Hovland Music
- Toppers Pizza is currently in its first 5-year NNN option term, expiring June 30, 2029, with an additional unexercised 5-year option commencing July 1, 2029
- Both office suites are leased by Hovland Music through 2032.
- The 2nd floor was previously rented as 2 apartments. Infrastructure remains the same (bathrooms + kitchens) so these could likely be converted back to apartments easily.
- Additional income from a billboard lease with Clear Channel, expiring March 31, 2029
- Prime corner location with excellent visibility, strong traffic counts, and high pedestrian activity at Grand Ave & S Dunlap St
- Gross building area: ~7,100 square feet including basement.
- Toppers: ~2,250 SF, Two offices: each ~1,300 SF, Basement: ~2,250 SF
- Lot Size: 9,000 square feet (0.21 acres) allowing for future development potential
- B2 – Community Business zoning, allowing for a wide range of permitted commercial and mixed-use applications
- Highly walkable, amenity-rich location surrounded by national retailers including Starbucks, Kowalski’s, CVS, Walgreens, University of St. Thomas, Macalester College, Concordia University, and many others
- Strong demographics, with an average household income of $155,132 within a 0.3-mile radius
Listing Details MLS# 7008180
General Property Information
- Lot Measurement
- Square Feet
- Multiple PIDs?
- No
- Other Parking Spaces
- 11
- Waterfront Present
- No
- Year Built
- 1912
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Lot Size SqFt
- 9000
- Foundation Size
- 2250
- For Sale or Lease
- For Sale
- Lot Dimensions
- 149x60
- Assessment Pending
- No
- Garage Stalls
- 0
Property Features
Accessible:
None
CMU Style:
Mixed Use; Office; Retail/Shopping Center
Construction Status:
Previously Owned
Current Use:
Commercial; Office; Retail
Exterior:
Brick/Stone
Foundation:
Stone
Fuel:
Electric; Natural Gas
Heating:
Baseboard; Forced Air
On Site Utilities:
Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics:
Parking Lot
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Contract Information
- Contingency
- None
- ListPrice
- 1225000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 1154
- Street Name
- Grand
- Street Suffix
- Avenue
- Postal City
- Saint Paul
- County
- Ramsey
- State
- MN
- Zip Code
- 55105
- Complex/Dev/Subdivision
- Manson & Simontons, Addition
Assessments
- Tax With Assessments
- 37472
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 4850
- Building SqFt
- 7100
More Information
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 23
- Section#
- 03
- Township#
- 28
Sale Options
- Sale Includes
- Building
Unit Details
- Total Units
- 3
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- MANSON AND SIMONTONS ADDITION LOT 14 BLK 4
- Listing City
- Saint Paul
- Map Page
- 121
- Municipality
- Saint Paul
- School District
- St. Paul
- School District Phone
- 651-767-8100
- Zip Plus 4
- 4624
- Property ID Number
- 032823410076
- Tax Year
- 2025
- Tax Amount
- 37472
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- - Fully Leased Desirable 3-Unit Mixed-Use building with Parking located along highly sought after Grand Avenue in St. Paul - ~6.17% Cap Rate - Perfect Investor or 1031 Opportunity - 11 car parking lot immediately behind the building. - Toppers Pizza occupies the entire first floor; second floor consists of two office suites (previously apartments), both occupied by Hovland Music - Toppers Pizza is currently in its first 5-year NNN option term, expiring June 30, 2029, with an additional unexercised 5-year option commencing July 1, 2029 - Both office suites are leased by Hovland Music through 2032. - The 2nd floor was previously rented as 2 apartments. Infrastructure remains the same (bathrooms + kitchens) so these could likely be converted back to apartments easily. - Additional income from a billboard lease with Clear Channel, expiring March 31, 2029 - Prime corner location with excellent visibility, strong traffic counts, and high pedestrian activity at Grand Ave & S Dunlap St - Gross building area: ~7,100 square feet including basement. - Toppers: ~2,250 SF, Two offices: each ~1,300 SF, Basement: ~2,250 SF - Lot Size: 9,000 square feet (0.21 acres) allowing for future development potential - B2 – Community Business zoning, allowing for a wide range of permitted commercial and mixed-use applications - Highly walkable, amenity-rich location surrounded by national retailers including Starbucks, Kowalski’s, CVS, Walgreens, University of St. Thomas, Macalester College, Concordia University, and many others - Strong demographics, with an average household income of $155,132 within a 0.3-mile radius
- Directions
- Corner of Grand Ave and S Dunlap St in St. Paul, MN
Accessible
- None
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
Foundation
- Stone
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Baseboard
- Yes
- Forced Air
- Yes
Parking Characteristics
- Parking Lot
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Separate
- Yes
- Hot Water Separate
- Yes
CMU Style
- Mixed Use
- Yes
- Office
- Yes
- Retail/Shopping Center
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
- Retail
- Yes
Listing Office:
RE/MAX Results
Last Updated: June - 10 - 2026
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