Saint Paul Athletic Club Building: Landmark Property and City Block Development Opportunity (Qualified Opportunity Zone)

For Sale

340 Cedar St, Saint Paul, MN 55101

This Saint Paul property for sale is located at 340 Cedar St. Contact the listing broker for details on the current sale price for Saint Paul Athletic Club Building: Landmark Property and City Block Development Opportunity (Qualified Opportunity Zone). Saint Paul Athletic Club Building: Landmark Property and City Block Development Opportunity (Qualified Opportunity Zone) is situated on a lot that is 0.15 acre in size.

Contacts

broker

Edward Rupp

SVN | Northco

Property Details

  • Property Type Other
  • Property Size 175,000 SF
  • Lot Size 0.15 Acre
  • Additional Rent Contact for pricing
  • Year Built 1917
  • Year Renovated 2022
  • Date Updated Sep 27, 2024
The Property is located in the center of the Saint Paul Central Business District between the Xcel Energy Center, the Ordway Center for the Performing Arts, Rice Park, and the Lowertown Arts District. Saint Paul is the capital city in the state of Minnesota and is one half of the Twin Cities (along with Minneapolis), the 16th largest MSA in the United States with a population of approximately 3,600,000 inhabitants. Saint Paul's core downtown area, located in Ramsey County, has seen unprecedented growth in the past couple of years, especially in the residential sector. The number of residential units in the downtown district is expected to climb to 8,100 over the next few years, compared with 5,500 units in 2010. The average monthly apartment rental rate has risen nearly 13 percent over the past two years to $1.74 per foot, with the average vacancy rate at 4 percent. There is no sign of a slowdown in growth. The Metro Green Line, which connects the Union Depot in Saint Paul to Target Field in Minneapolis, has five stations in downtown Saint Paul and had ridership of 12.4 million in 2015. The line provides easy access to University Avenue, Dinkytown (the campus of the University of Minnesota), and Downtown Minneapolis. The Property is adjacent to the Central Station of the Metro Green Line. The Xcel Energy Center, the home of the Minnesota Wild, attracts roughly 1.5 million visitors per year. The Saint Paul RiverCentre has hosted more than 3,000 events since its opening in 1998, and is the host of numerous national and international conferences and conventions. Saint Paul's proximity to Minneapolis, and the slew of re-development projects that continue in the downtown core, makes it a very attractive place to live and play.The historic Saint Paul Athletic Club Building ("Property") is located in downtown Saint Paul, MN, and currently offers two distinct office or retail spaces for lease, and one office / training center. This landmark building also houses Hotel 340, a 56 room, award-winning boutique hotel, and numerous beautiful event spaces. The Property is centrally located in the CBD, and connected by skyway to two adjacent parking ramps, and all that downtown Saint Paul has to offer.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • This historic building, designed by the same architectural firm that worked on Grand Central Terminal in NYC, is an ideal redevelopment opportunity.
  • Extensively renovated during the current owner's tenure, the property boasts modern updates paired with irreplaceable finishes.
  • Easily accessible from I-94 and I-35E, connected to the rest of downtown via skyway, and within 5 mins of Xcel Energy Center and the State Capitol.
  • Located in a Qualified Opportunity Zone.
  • Located in a growing metropolitan area that is approaching 4,000,000 residents.
  • Located adjacent to a premier development site in Downtown Saint Paul, the Central Station Block Development.

Getting around

  • 96/100

    Walk Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Paul, MN
  • Neighborhood Downtown St. Paul
  • Zip Code 55101
  • Market Minneapolis St Paul

Points of Interest

  • Central Station

    0.02 miles

  • Union Depot

    0.32 miles

  • Saint Paul Union Depot

    0.38 miles

  • 10th Street

    0.41 miles

  • Robert Street

    0.61 miles

  • Capitol/Rice Street

    0.92 miles

  • Western Avenue

    1.35 miles

  • Dale Street

    1.79 miles

  • Victoria Street

    2.26 miles

  • Lexington Parkway

    2.74 miles

  • Metro Transit

    0.12 miles

  • ChargePoint

    0.35 miles

  • BP

    0.44 miles

  • Speedway

    0.46 miles

  • Holiday

    0.68 miles

  • Mobil

    0.91 miles

  • M & H

    1.75 miles

  • Tobasi Stop

    2.06 miles

  • Tesla Supercharger

    3.12 miles

  • Victory Ramp

    0.07 miles

  • Capital City Plaza Parking Ramp

    0.07 miles

  • US Bank Building

    0.11 miles

  • Treasure Island Center

    0.16 miles

  • Jackson Street Ramp

    0.19 miles

  • Robert Street Municipal Parking Ramp

    0.27 miles

  • World Trade Center Ramp

    0.28 miles

  • Union Depot Lot A

    0.30 miles

  • Union Depot Lot B

    0.32 miles

  • Science Museum Ramp

    0.36 miles

  • Hotel 340

    0.01 miles

  • Crowne Plaza

    0.10 miles

  • DoubleTree by Hilton Hotel Downtown St. Paul

    0.15 miles

  • The Saint Paul Hotel

    0.18 miles

  • SpringHill Suites

    0.36 miles

  • Drury Plaza Hotel

    0.46 miles

  • Hampton Inn & Suites

    0.53 miles

  • Courtyard

    0.53 miles

  • Radisson

    0.82 miles

  • Residence Inn by Marriot

    0.84 miles

  • Lunds & Byerlys

    0.40 miles

  • Cossetta Alimentari

    0.58 miles

  • West Side Grocery

    1.13 miles

  • 88 Oriental Foods

    1.20 miles

  • Hatien Asian Market

    1.32 miles

  • El Burrito Mercado

    1.32 miles

  • Mississippi Market Natural Food Co-Op

    1.41 miles

  • Cooper's SuperValu

    1.42 miles

  • Sun Foods

    1.66 miles

  • Mississippi Market Natural Foods Co-Op

    1.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Edward Rupp

SVN | Northco