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Ashton Building 1549 University Ave W
7,000 - 28,000 SF of Space Available in Saint Paul, MN 55104
Highlights
- Classic brick office building in the heart of Saint Paul’s Midway
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Basement | 7,000 SF | 16’ | 3-10 Years | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $9,333 /MO $112,000 /YR | Net | |
| 1st Floor | 7,000 SF | 16’ | 3-10 Years | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $9,333 /MO $112,000 /YR | Net | |
| 2nd Floor - 1-10 | 7,000 SF | 16’ | 1-10 Years | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $9,333 /MO $112,000 /YR | Modified Gross | |
| 3rd Floor | 7,000 SF | 16’ | 3-10 Years | $16.00 /SF/YR $1.33 /SF/MO $172.22 /m²/YR $14.35 /m²/MO $9,333 /MO $112,000 /YR | Net |
Basement
Rent will range from $12.00per SF MG up to $20.00per SF MG.
- Lease rate does not include certain property expenses
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
- Finished Ceilings: 16’
1st Floor
Rent will range from $12.00per SF MG up to $20.00per SF MG.
- Lease rate does not include certain property expenses
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Finished Ceilings: 16’
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
2nd Floor - 1-10
Professional space available for independent businesses. These spaces include use of a conference room and shared copy area. This entire building has been renovated and will be ready for tenants in 2025. Individual spaces are spacious and can easily be tailored to your businesses needs. 2025 is going to be an exciting time in the Midway. A new hotel is being built and The Minnesota United is a top soccer contender. Individual office spaces will be available January 1st 2025! We are looking for larger scale tenants to occupy the 3rd floor of this very unique space. 16 foot clear ceilings on the 3rd floor and 12 foot clear on the 2nd floor. Signage is possible. This is a great space for creative users, non-profits, or a business looking for space in the Twin Cities next hot spot. Rent will range from $12.00per SF MG up to $20.00per SF MG.
- Listed rate may not include certain utilities, building services and property expenses
- Includes 500 SF of dedicated office space
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
- Wi-Fi Connectivity
- Finished Ceilings: 16’
- Conference Rooms
- Large independent office spaces for professionals.
3rd Floor
Rent will range from $12.00per SF MG up to $20.00per SF MG. We are looking for larger scale tenants to occupy the 2nd and 3rd floor of this very unique space. 16 foot clear ceilings on the 3rd floor and 12 foot clear on the 2nd floor. Signage is possible. This is a great space for creative users, non-profits, or a business looking for space in the Twin Cities next hot spot.
- Lease rate does not include certain property expenses
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
- Finished Ceilings: 16’
- Views of Allianz Field
- Tall ceilings
- Newly renovated spaces
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1549 University Ave W , Saint Paul, MN 55104
| Property Type | Retail | Year Built/Renovated | 1921/2024 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.43/1,000 SF |
| Gross Leasable Area | 28,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 28,000 SF |
| Year Built/Renovated | 1921/2024 |
| Parking Ratio | 1.43/1,000 SF |
About the Property
The Ashton Building is available as of Spring of 2024! This classic building has undergone a complete restoration and can accommodate an array of businesses. Tall windows, high ceilings, original brick, and a view of Allianz Field make this a unique space. Located on one of the key LRT stops, and on primary bus lines, tenants and employees can virtually pull up to the front door. The building is perfect for non-profits, light manufacturing, office space, professional services, or any number of uses. Bring your ideas and welcome to the Midway. Located directly across from Allianz Field, and a new and very exciting sculpture garden, these spaces will not last long. This 100 year old building is nearing completion on what has been a 2 1/2 year renovation. Ample parking, with all forms of public transportation available.
- Conferencing Facility
- Signage
Nearby Major Retailers
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David Tolchiner - Tolch Properties
Presented by
Tolch Properties
Ashton Building | 1549 University Ave W
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