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FOR SALE ROSSMOR BUILDING - 132 10TH ST ESAINT PAUL, MN 55101
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
PROPERTY INFORMATION 3
CUSTOM SECTION 7
LOCATION INFORMATION 15
ABOUT THE CITY OF ST. PAUL 19
DEMOGRAPHICS 21
ContentsConfidentiality & DisclaimerAll materials and information received or derived from RE/MAX Results - Commercial Group its
directors, officers, agents, advisors, affiliates and/or any third party sources are provided without
representation or warranty as to completeness , veracity, or accuracy, condition of the property,
compliance or lack of compliance with applicable governmental requirements, developability or
suitability, financial performance of the property, projected financial performance of the property
for any party’s intended use or any and all other matters.
Neither RE/MAX Results - Commercial Group its directors, officers, agents, advisors, or affiliates
makes any representation or warranty, express or implied, as to accuracy or completeness of the
any materials or information provided, derived, or received. Materials and information from any
source, whether written or verbal, that may be furnished for review are not a substitute for a party’s
active conduct of its own due diligence to determine these and other matters of significance to
such party. RE/MAX Results - Commercial Group will not investigate or verify any such matters or
conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all
information and to conduct their own inspections and investigations including through
appropriate third party independent professionals selected by such party. All financial data should
be verified by the party including by obtaining and reading applicable documents and reports and
consulting appropriate independent professionals. RE/MAX Results - Commercial Group makes no
warranties and/or representations regarding the veracity, completeness, or relevance of any
financial data or assumptions. RE/MAX Results - Commercial Group does not serve as a financial
advisor to any party regarding any proposed transaction. All data and assumptions regarding
financial performance, including that used for financial modeling purposes, may differ from actual
data or performance. Any estimates of market rents and/or projected rents that may be provided to
a party do not necessarily mean that rents can be established at or increased to that level. Parties
must evaluate any applicable contractual and governmental limitations as well as market
conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be
discussed by the party with a certified public accountant or tax attorney. Title questions should be
discussed by the party with a title officer or attorney. Questions regarding the condition of the
property and whether the property complies with applicable governmental requirements should
be discussed by the party with appropriate engineers, architects, contractors, other consultants and
governmental agencies. All properties and services are marketed by RE/MAX Results - Commercial
Group in compliance with all applicable fair housing and equal opportunity laws.
ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
TABLE OF CONTENTS
PROPERTY INFORMATION
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
OFFERING SUMMARY
Sale Price: $134,000
Year Built: 1916
Building Size: 953
Zoning: Central
Business-Service
District
Market: Downtown St. Paul
Traffic Count: 5,100
Price / SF: $140.61
Street level Retail or Office Unit with Live/Work permitted in the Rossmor Building in Downtown St. Paul. Unit 132 isFor Sale with 953 Square Feet and features very large street facing windows, exposed high concrete ceilings, andpolished concrete floors. Parking available for lease in neighboring lot through Interstate Parking ($125/month/space). This unit has its own dedicated HVAC system. Former Equipt Fitness space. Street Level Rossmor Tenantsinclude Evla Pottery (purchased unit 134 next door), Hair Salon, Camp Bar, Key's Cafe, Black Sheep Pizza. Lunds &Byerly's directly across the street from the Rossmor. Expense information found in the Offering Memorandum.Contact Broker for Tours & Questions. Motivated Seller - will review all offers.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Retail or Office unit with Live/Work permitted
• Street Level - 953 Square Feet
• Very large street facing windows
• Exposed high concrete ceilings
• Polished concrete floors
S E C T I O N 1 / P A G E 4ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
EXECUTIVE SUMMARY
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
SALE PRICE $134,000
LOCATION INFORMATION
Building Name Rossmor Building - 132 10th St E
Street Address 132 10th St E
City, State, Zip Saint Paul, MN 55101
County/Township Ramsey
Market Downtown St. Paul
Side Of Street Northeast
Road Type Paved
Market Type Large
Nearest Highway Hwy 94
BUILDING INFORMATION
Building Size 953 SF
Occupancy % 0%
Tenancy Single
Number Of Floors 1
Year Built 1916
Load Factor Yes
Construction Status Existing
Ceilings Concrete
Floor Coverings Concrete
Exterior Walls Brick
PROPERTY DETAILS
Property Type Retail
Property Subtype Street Retail
Zoning Central Business-Service District
APN# 312922431515
Traffic Count 5,100
Traffic Count Street 10th St E
2018 Association Dues 439.98/month
2018 Taxes 2552.48/year
Expenses Spreadsheet See Next Page - Page 6
PARKING & TRANSPORTATION
Street Parking Yes
Parking Type Surface
Parking Description Parking Available For Lease in lot next to building
UTILITIES & AMENITIES
Handicap Access Yes
Central HVAC 1
Restrooms 1
Laundry Description Hook-Ups In Unit
Utilities Description See expense spreadsheet.
S E C T I O N 1 / P A G E 5ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PROPERTY DETAILS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 1 / P A G E 6ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
EXPENSES
CUSTOM SECTION
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 8ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 9ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 1 0ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 1 1ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 1 2ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 1 3ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 2 / P A G E 1 4ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
PHOTOS
LOCATION INFORMATION
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
B5 - CENTRAL BUSINESS-SERVICE DISTRICTIntent - The B5 central business-service district is intended to provide necessary services for the population area which is
served by all of the previous business districts. Such service establishments often involve objectionable influences, such as
noise from heavy service operations and large volumes of truck traffic, and are thus incompatible with the previous business
districts. The district provides for wholesaling, restricted manufacturing and other business uses which are needed in
proximity to the central business district and require central location to permit serving of the entire city.
For more information related to B5 Central Business - Service District please visit the following:
https://library.municode.com/mn/st._paul/codes/
code_of_ordinances?nodeId=PTIILECO_TITVIIIZOCO_CH66ZOCOONDIUSDEDIST_ARTIV66.400.BUDI_DIV266.420.PRUSBUDI_S66.421PRUS
S E C T I O N 3 / P A G E 1 6ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
ZONING
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 3 / P A G E 1 7ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
LOCATION MAPS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
S E C T I O N 3 / P A G E 1 8ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
RETAILER MAP 132
ABOUT THE CITY OF ST. PAUL
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
CITY OF ST. PAUL
Whether you're looking for hockey, history or hops, you’ll find them all inSaint Paul. A blue collar city built on the bluffs of America’s greatest river -the Mississippi. We are North America’s most romantic getaway, thetop-ranked park system and the best local food scene. Saint Paul is known asthe “City of Neighborhoods,” each offering a celebration of the city’slong-cherished heritage and diversity. Life in these vibrant neighborhooddistricts flows deep with tradition, with many ofthe restaurants and businesses proudly bearing the names of theimmigrant families who founded them generations ago.
Saint Paul’s history as Prohibition-era hotbed for gangsters, gals and whiskeyrunners is well known. Saint Paul celebrates this storied past by offeringtours of sites where the gangsters once lived as they planned and executedthe most notorious crimes perpetrated in the upper Midwest. Gangster tourshighlight the sites of nightclubs, kidnappings and gun battles associatedwith the lawlessness of the 1930’s.
As the arts and culture capital of the Midwest, Saint Paul boasts morethan 52,000 theater seats, three world-class museums,legendary historic sites and a vibrant arts and entertainment community.The Ordway Center for the Performing Arts, located in downtown Saint Paul,is recognized as one of the nation’s leading not-for-profit performing artscenters, with nearly 500 performances annually, including several Broadwayhits. Ordway is also home to the Minnesota Opera and Saint Paul ChamberOrchestra. Fans of Minnesota Public Radio can look on as Garrison Keillorbroadcasts “A Prairie Home Companion” live from the Fitzgerald Theater,named after the famous Minnesota author, F. Scott Fitzgerald.
S E C T I O N 4 / P A G E 2 0
CITY OF ST. PAUL
DEMOGRAPHICS
Presented By:
Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]
Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 7,466 17,674 37,577
Median age 38.3 35.2 32.6
Median age (Male) 37.2 34.4 31.9
Median age (Female) 40.0 36.4 34.0
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 4,628 9,182 16,617
# of persons per HH 1.6 1.9 2.3
Average HH income $52,036 $51,729 $50,951
Average house value $249,564 $254,143
* Demographic data derived from 2010 US Census
S E C T I O N 5 / P A G E 2 2ROSSMOR BUILDING - 132 10TH ST E132 10TH ST E, SAINT PAUL, MN 55101
DEMOGRAPHICS MAP & REPORT