a Berkshire Hathaway affiliate

$3,450,000

421 Wabasha Street N, Saint Paul, MN 55102


421 Wabasha Street N Saint Paul, MN 55102

For Sale MLS# 5541835

56,000 sq ft Commercial

Data current as of {{getLocalTime('2021-01-25T08:45:35Z')}}

Details

MLS# 5541835

Description for 421 Wabasha Street N, Saint Paul, MN, 55102


40,000 SF of contiguous office space available in the Grace Building. Large windows, high ceilings, and flexible floor space.A price reduction of over 20% brings this gem of a building and location to under $3.5 million.Since 1941 the Grace Building has been situated at the bustling corner of 7th and Wabasha in the heart of downtown St. Paul. Once home to Shuneman’s and Howard’s department stores, the building helped make up a vibrant retail district along the 7th Street corridor.Today, the vibrancy of the Grace Building lives on overlooking the serene 7th Place pedestrian mall. Across Wabasha Street, the former Macy’s building has been transformed into a state-of-the-art hockey facility for the Minnesota Wild, as well as new office and retail space.

Listing Information


Property Type: Commercial, Office,Retail/Shopping Center

Status: Active

Lot Size: 0.32 Acres

Square Feet: 56,000 sq ft

Year Built: 1941

Foundation: 42,000 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: City Of St Paul

Builder:

Foundation:

Total Units: 3

Current Use: Office,Vacant

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Ramsey

Days On Market: 306

HERS Score:

Construction Status: Previously Owned

School Information


District: 625 - St. Paul

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Accessibility: Elevator

Additional Interior Features:

Utilities


Water: City Water - In Street

Sewer: City Sewer - In Street

Available Utilities: None

Other Utilities:

Cooling: Central

Heating: Hot Water, Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 0

Parking Description: More Parking Offsite for Fee

Exterior: Metal, Brick/Stone

Lot View:

Lot Dimensions: .32 acres

Farm Type:

Crop Type:

Zoning: Business/Commercial,Other

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


In downtown Saint Paul, take 7th Street to Cedar, go south on cedar to 4th Street and go right. At Wabasha, go right and the property will be on your left.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 062822120024

Tax Amount: $55,798

Tax Year: 2019

HomeStead Description: Non-Homesteaded

Price Changes


$4,250,000 Original Price
$3,450,000 Current Price
-$800,000 Total Change
Date Price Change
6/4/2020 04:47 PM $3,450,000 -$800,000
3/23/2020 05:17 PM $4,250,000

Sales History

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Tax Summary

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Schools nearby 421 Wabasha Street N

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings