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- LoopNet Team
340 Cedar St
Saint Paul, MN 55101
Saint Paul Athletic Club Building · Property For Lease · 170,000 SF
Highlights
- There are numerous potential sale, lease and partnership structures. Seller financing is also available.
- State Historic Tax Credits (HTCs) may be available.
- The Property is comprised of two buildings: one built in 1917, and a primarily athletic expansion built in 1980.
- The Property is located in a Qualified Opportunity Zone, which was approved by the U.S. Department of Treasury on May 18, 2018.
- Located adjacent to a premier development site in Downtown Saint Paul, the Central Station Block Development. More information is available
- Designed by architecture firm of Reed & Stem, completed in 1917. Reed & Stem contributed to the design of New York City's Grand Central Terminal
About the Property
SVN | Northco is pleased to present for sale or lease the historic Saint Paul Athletic Club Building in Downtown Saint Paul, Minnesota ("Property"). This iconic Property has been an integral part of St. Paul's community and social fabric since 1917. The Property is comprised of two separate buildings: the 1917 building and a 1980 building, located in the center of the business district. The building has many potential re-uses with additional event venues being an attractive option. Pre-Pandemic, the building housed a 56-room boutique hotel (Hotel 340), a first-class health club (The SPAC), banquet operations in the original ballroom & Lobby, a partially completed roof-top banquet venue, and miscellaneous tenant office spaces. Today, banquets are still held in the ballroom, the health club has closed (although it still has much of its infrastructure), and there are many re-use options for the former office/retail spaces. Construction has begun to add two new event venues. The property is located in the Central Business District, just a few blocks from Rice Park and the Lowertown Arts District, and it is adjacent to the LRT Green Line Station (the station is on the same block). The Owner will entertain reasonable purchase offers, lease proposals, and joint venture ideas.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 170,000 SF |
| Property Subtype | Hotel | Year Built/Renovated | 1917/2022 |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Size | 170,000 SF |
| Year Built/Renovated | 1917/2022 |
Features and Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
