500 + 499 Grotto St N — 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

Investment Figures

Price per square foot
$62

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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 74 days. Compare it against other office listings for sale in St. Paul, MN — view the full market.

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

Office market FAQ

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

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