421 Wabasha Street N, Saint Paul, MN 55102

$2,800,000
Property Type: Commercial Lot Size (sq. ft.): 13,939 Status: Closed
Current Price: $2,800,000 List Date: 8/25/2021 Last Modified: 8/07/2025

Overview

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.

Listing Details MLS# 6090334

General Property Information

Living Area Units
Square Feet
Lot Measurement
Acres
Multiple PIDs?
No
Year Built
1941
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Other
Foundation Size
42000
For Sale or Lease
For Sale or Lease
Acres
0.32
Lot Dimensions
.32 acres
Other Parking Spaces
0
Garage Stalls
0

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

Contract Information

Availability
Available
Off Market Date
2022-08-24
Closed Date
2022-09-26
Sales Close Price
2800000
Contingency
None
Owner is an Agent?
No

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

Building Information

Building Finished SqFt
56000
Building SqFt
56000

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Monthly
Lease Expiration Date
2022-12-31
Monthly Land Lease Amt
0
Triple Net
Yes

More Information

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
06
Township#
28

Sale Options

Sale Includes
Building

Unit Details

Total Units
3

Office/Member Info

Association
WWRA
MLSID
RMLS

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
Yes

Air Conditioning

Central Air
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Metal
Yes

Financing Terms

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes
Hot Water
Yes

Parking Characteristics

More Parking Offsite for Fee
Yes

Sewer

City Sewer - In Street
Yes

Water

City Water - In Street
Yes

On Site Utilities

None Available
Yes

CMU Style

Office
Yes
Retail/Shopping Center
Yes

Current Use

Office
Yes
Vacant
Yes
Listing Office: The Terrace Group
IDX
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.