For Sale or Joint Venture | The Legendary Commodore Bar & Restaurant

Saint Paul, MN
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Asking Price:$2,750,000
BUSINESS DESCRIPTION

SVN | Northco has been engaged as the exclusive listing broker for the sale or joint venture offering of The Commodore Bar and Restaurant and associated real estate at 79 Western Avenue North, Saint Paul, Minnesota 55102 ("Property"). Experience the glamour and romance of a bygone era at the legendary Commodore, which has been a winner of "Best Restaurant Design" at the Charlie Awards, a food and beverage industry awards show, among many other accolades. The Property has been home to The Commodore Bar & Restaurant since 2015, but has been closed since the onset of the Covid-19 Pandemic, except as an event venue.

The Property is located in the heart of Cathedral Hill, one of the most desirable neighborhoods in the Twin Cities metropolitan area. Cathedral Hill is in close proximity to downtown Saint Paul, Selby Avenue (and its numerous restaurants and boutiques), and Grand Avenue, one of the most popular commercial corridors in the Twin Cities. The neighborhood is known for its elegant architecture, and cultural landmarks. Well-preserved Victorian and early 20th century homes adorn Cathedral Hill's charming tree-lined streets. The area offers a unique atmosphere with a range of restaurant options, from casual eateries to fine dining. You'll find bars, coffee shops, and entertainment venues here. A rich history and famous landmarks add to the neighborhood's charm. Just blocks from the renowned Cathedral of Saint Paul, the James J Hill Mansion, and the University Club of Saint Paul, The Commodore is a landmark in its own right.

Sale Highlights:
- The owner will entertain an outright sale or joint venture proposal(s), and leasing proposals will also be considered
- ±12,645 SF of restaurant, bar, and event space across five distinct rooms that have been remodeled to the highest standards of quality. Irreplaceable original architectural details remain, including hard to replicate plasterwork.
- One of the Twin Cities' most historically significant buildings that is located in one of the Twin Cities' most historically significant neighborhoods
- Free parking available on a large surface lot via a shared parking agreement with the Commodore Condominium Association
- Formerly home to the luxurious Commodore Hotel. Famous residents included F. Scott and Zelda Fitzgerald, Al Capone, and John Dillinger. The Property has a permanent competitive advantage by having these associations to legendary figures of the prohibition era.
- Located just one block off Summit Avenue, and the Property is in close proximity to downtown Saint Paul, the Selby Avenue Restaurant District, and Grand Avenue


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Saint Paul, MN
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
12,645

BUSINESS LOCATION
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Frank
Jermusek
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Frank Jermusek