Office for Sale in St. Paul, MN

  • Price: $599K
  • Listing type: For sale
  • Asset type: Office
  • Location: St. Paul, MN 55104
  • Size: 9,672 SF
  • Year built: 1900

Description

Offering Memorandum L 2938638 Offering Memorandum - 500 499 Grotto - 3.20.24

Market Context

This office in St. Paul, MN is listed for sale at $599,000 across 9,672 SF. The building dates to 1900. It has been on the market for 27 days. Compare it against other office listings for sale in St. Paul, MN — <a href="/search/sale/office/minnesota/st-paul">view the full market</a>.

As of Q1 2026, the Minneapolis office market showed average asking rents near $29.92/SF/yr, and cap rates around 12.1%. Source: Consensus Q1 2026 market report.

Office market FAQ

What is the typical cap rate for office in Minneapolis?
About 12.1% as of Q1 2026, per Consensus.

Unified Estimate

Low Confidence

$3.40/SF – $4.60/SF

Mid: $4.00/SF

Total estimate for 9,672 SF: $38,688

Rate estimator only; cost-of-business estimate unavailable.

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