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1553 W University Ave
Saint Paul, MN 55104

Hot Rod's Bar & Grill · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Across the street from the new MN United Stadium
  • Located on Light Rail Line
  • 15,400 VPD on University Ave

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
10,300 SF
Building Class
C
Year Built
1922
Tenancy
Single
Building Height
3 Stories
Slab To Slab
12’
Building FAR
1.69
Lot Size
0.14 AC
Zoning
T4 - Traditional Neighborhood
Parking
10 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
51’ on University Ave W

AMENITIES

  • Bus Line
  • Signage

ABOUT 1553 W UNIVERSITY AVE , SAINT PAUL, MN 55104

Prime Stand-Alone Retail on University & Snelling (busiest St. Paul intersection) on the Light Rail Line and across from the New Allianz Minnesota United Soccer Stadium. Hot Rod’s Bar - Family owned and operated for ~50 years. Can continue as bar or become new retail. Price of FF&E from bar is included in list price. This sale presents a fantastic opportunity for an Owner/User or an investor to purchase an asset in an extremely high growth area. The 3-floor building totals over 10,300 SF and includes parking in the rear. 2nd level is framed in for about 2 apartment units or else could become tied into the main level operation. With many of the surrounding buildings and lots planned for redevelopment, this is a rare chance to get in on the ground floor and reap the benefits of the rejuvenated area. There's a billboard on the top of the building with a year to year contract for about $4,500/year. Remodeled in 2010 with new roof, stucco, floors, restrooms, 7.5 ton AC unit. Improvements totaled about $600,000. Contact Brokers for more information.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-29-23-23-0182
Land Assessment
$205,500
Improvements Assessment
$473,600
Total Assessment
$679,100
  • Listing ID: 12094914

  • Date on Market: 3/30/2018

  • Last Updated:

  • Address: 1553 W University Ave, Saint Paul, MN 55104

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