University Ave. between Snelling & Lexington

The Ackerberg Group, in conjunction with Urban Anthology, is pleased to be marketing for sale three (3) properties located along University Avenue West in Saint Paul’s Midway District (also referred to and known as “Central Market Area”). 

This offering represents a rare, unique and substantial mixed-use redevelopment opportunity.   The properties include a non-contiguous total of approximately 170,441 sq. ft. (3.91 acres) of land along University Avenue between the intersections of University/Snelling and University/Lexington Parkway that formerly housed various components of Midway Chevrolet since the 1960’s. 

NEIGHBORHOOD HIGHLIGHTS

• Midway District of St. Paul
• Notable area tenants include Super Target, Wal-Mart, Home Depot, Menard's, Office Max, Border's Books, LA Fitness, Rainbow Foods, Abra Auto Body, Big Top Liquor, Aldi's, Pets Mart, Bally's Total Fitness, Herberger's, McDonald's, and CVS.
• Located along the proposed Central Corridor Light Rail Transit line
• Read up on Central Corridor Development Strategy

1190 UNIVERSITY AVENUE W.

SALE DETAILS

• $935,000 ($22.02 per sq. ft.)
• Available immediately

PROPERTY HIGHLIGHTS

• 42,462 sq. ft. (0.97 acres)
• Prime site for development of hotel, office building, or single purpose use

1319-1333 UNIVERSITY AVENUE W.

SALE DETAILS

• $2,250,000 ($26.76 per sq. ft. land)
• Available immediately

PROPERTY HIGHLIGHTS

• 84,071 sq. ft. (1.93 acres) of land
• Prime high exposure site for mixed-use redevelopment
• Unparallel exposure and visibility
• +/- 560 linear feet of frontage along University Avenue

1365-1389 UNIVERSITY AVENUE W.

SALE DETAILS

• $2,250,000 ($68.18/$38.55 per sq. ft. bldg/land)
• Available immediately

PROPERTY HIGHLIGHTS

• 58,370 sq. ft. (1.34 acres) of land
• 33,000 sq. ft. building above grade, with full underground garage
• Great redevelopment potential
• High exposure and visibility