79 Western Ave N - Restaurant FOR SALE


Saint Paul, MN 55102- Summit-University
$1,995,000 USD
651-492-0563
79 Western Ave N, Saint Paul, MN for Sale
$1,995,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

79 Western Ave N
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • The owner will entertain an outright sale or joint venture proposal(s), and leasing proposals will also be considered
  • ±10,025 SF of restaurant, bar, and event space across four distinct rooms that have been remodeled to the highest standards of quality.
  • The ballroom, which is comprised of approximately 2,620 SF, is additionally available.
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commodore Bar & Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,006 SF

ZONING

RM3

APN/PARCEL ID

01-28-23-24-0250

ASK ABOUT THIS PROPERTY

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.