Prime Retail For Lease on Hamline and Grand Avenues
Property Details
| Sale Price: | |
| Lease Rate: | Negotiable |
| CAM/Tax: | $11.19 PSF |
| Year Built: | 1922 |
| Property Type: | Retail |
| Building Size: | 11,902 SF |
Property Description
SVN | Northco is pleased to present, as exclusive advisor to ownership, a leasing opportunity at 1338 Grand Avenue in Saint Paul, Minnesota. This prime retail suite is on the southeast corner of Grand Avenue and Hamline Avenue, two high traffic streets for both vehicular and pedestrian traffic. Prominent signage is available on both Grand and Hamline Avenues. With its location on a busy metered street corner with 8,100 VPD on Hamline Avenue and 9,821 VPD on Grand Avenue, this is a very well-known storefront. The previous tenant has been in business since 1976, and is now in the process of selling the business.
Highlights
- ±2,917 SF retail/office space for lease; it is also possible to split the space into two suites comprised of ±1,200 SF and ±1,717 SF
- NNN lease; Tenant pays utilities
- Shared parking available at the lot immediately to the west of the Sinclair station on Grand and Hamline, and up to six (6) exclusive parking spots could be available immediately behind the building for an additional price
- Additional ±675 SF of storage space on the lower level (negotiable lease rate)
- Great location for a restaurant or other retail use
- On a very high traffic metered corner for both vehicular and pedestrian traffic (8,100 VPD on Hamline Avenue S and 9,821 VPD on Grand Avenue)
Map
Location Description
The Property is prominently located on the corner of Grand Avenue and Hamline Avenue in Saint Paul, Minnesota. Grand Avenue is the premiere commercial corridor in the City and is often referred to as "The Heart of Saint Paul", offering a mix of commercial, residential, and entertainment options. Grand Avenue is lined with beautiful historic homes, boutique shops, art galleries, bookstores, and a variety of dining establishments, including cafes, pubs, and fine dining restaurants. Grand Avenue is also home to the annual Grand Old Day festival, which is one of the largest one-day festivals in the Midwest, featuring music, food, and family-friendly activities (brought back after a several year hiatus in 2023). Macalester College, the University of St. Thomas, and Hamline University are all situated nearby, providing vibrant energy to the neighborhood. Across the street from the locally famous Green Mill Restaurant, this is a popular pedestrian thoroughfare. This intersection is served by public transportation, as well.
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1338 Grand Avenue - Lease Brochure| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 9,965 | 68,399 | 166,967 |
| Total population | 23,441 | 159,335 | 409,985 |
| Population white | 78.1% | 66.0% | 58.9% |
| Population black | 7.9% | 15.4% | 15.5% |
| Population hispanic | 5.4% | 6.7% | 9.8% |
| Population asian | 4.6% | 7.7% | 11.5% |
| Population pacific islander | 0.1% | 0.1% | 0.0% |
| Population american indian | 0.5% | 0.8% | 1.3% |
| Population other | 1.7% | 2.6% | 4.8% |
| Persons per household | 2.4 | 2.3 | 2.5 |
| Average household income | $134,505 | $109,610 | $98,353 |
| Average house value | $478,622 | $411,410 | $381,968 |
| Average age | 38 | 39 | 37 |
| Average age male | 38 | 38 | 37 |
| Average age female | 39 | 40 | 38 |
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