$2,800,000
Saint Paul, MN 55102
MLS# 6090334
Status: Closed
Property Description
40,000 SF of contiguous office space available in the Grace Building. Large windows, high ceilings, and flexible floor space. A price reduction of over 20% brings this gem of a building and location to under $3.5 million. Since 1941 the Grace Building has been situated at the bustling corner of 7th and Wabasha in the heart of downtown St. Paul. Once home to Shuneman’s and Howard’s department stores, the building helped make up a vibrant retail district along the 7th Street corridor. Today, the vibrancy of the Grace Building lives on overlooking the serene 7th Place pedestrian mall. Across Wabasha Street, the former Macy’s building has been transformed into a state-of-the-art hockey facility for the Minnesota Wild, as well as new office and retail space.
Details
Maps
Contract Information
Availability: Available
Owner is an Agent?: No
Status: Closed
Off Market Date: 2022-08-24
Current Price: $2,800,000
Closed Date: 2022-09-26
Sales Close Price: 2800000
Contingency: None
List Date: 2021-08-25
Office/Member Info
Association: WWRA
MLSID: RMLS
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Year Built: 1941
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Other
Lot Dimensions: .32 acres
Acres: 0.32
Foundation Size: 42000
Garage Stalls: 0
For Sale or Lease: For Sale or Lease
Location, Tax and Other Information
Legal Description: NWLY 2/3 OF LOTS 1 2 AND LOT 3 BLK 7
Listing City: Saint Paul
Map Page: 108
Rental License?: No
School District: St. Paul
Map Coordinate Source: RETS
Zip Plus 4: 1108
Property ID Number: 062822120024
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed
Directions & Remarks
Public Remarks: 40,000 SF of contiguous office space available in the Grace Building. Large windows, high ceilings, and flexible floor space.
A price reduction of over 20% brings this gem of a building and location to under $3.5 million.
Since 1941 the Grace Building has been situated at the bustling corner of 7th and Wabasha in the heart of downtown St. Paul. Once home to Shuneman’s and Howard’s department stores, the building helped make up a vibrant retail district along the 7th Street corridor.
Today, the vibrancy of the Grace Building lives on overlooking the serene 7th Place pedestrian mall. Across Wabasha Street, the former Macy’s building has been transformed into a state-of-the-art hockey facility for the Minnesota Wild, as well as new office and retail space.
Directions: In downtown Saint Paul, take 7th Street to Cedar, go south on cedar to 4th Street and go right. At Wabasha, go right and the property will be on your left.
Accessible
Accessible Elevator Installed: 1
Air Conditioning
Central Air: 1
Building Information
Building Finished SqFt: 56000
Building SqFt: 56000
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Metal: 1
Financing Terms
Other: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Hot Water: 1
Lease Details
Land Leased: Not Applicable
Monthly Land Lease Amt: 0
Triple Net: 1
Lease Amount Type: Monthly
Lease Expiration Date: 2022-12-31
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
More Parking Offsite for Fee: 1
Public Survey Info
Range#: 22
Section#: 06
Township#: 28
Sale Options
Sale Includes: Building
Sewer
City Sewer - In Street: 1
Unit Details
Total Units: 3
Water
City Water - In Street: 1
On Site Utilities
None Available: 1
CMU Style
Office: 1
Retail/Shopping Center: 1
Current Use
Office: 1
Vacant: 1
Location Tax and Other Information
House Number: 421
Street Name: Wabasha
Street Suffix: Street
Street Direction Suffix: N
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55102
Complex/Dev/Subdivision: City Of St Paul
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Central Air
CMU Style: Office; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Office; Vacant
Exterior: Brick/Stone; Metal
Financing Terms: Other
Fuel: Natural Gas
Heating: Forced Air; Hot Water
Lease Details: Triple Net
On Site Utilities: None Available
Parking Characteristics: More Parking Offsite for Fee
Sewer: City Sewer - In Street
Water: City Water - In Street
Listing Office: The Terrace Group
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.