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$810,000

  • For Sale
  • Active
  • Commercial
  • 8,160 Sq. Ft.
  • 5,206 Acres
  • Updated 11 days ago
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Exceptionally located across the street from Concordia University offering strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors. Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building-an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas. Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they're just minutes from Trader Joe's, Whole Foods, and an exciting local dining scene. A rare opportunity in a high-demand rental area-ideal for both seasoned investors and those looking to expand their portfolio.

Full Property Details for 1232 Marshall Ave

General

  • Price: $810,000
  • Taxes: $14,202 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6709632
  • Updated: 2/13/2026
  • Added to Site: 294 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 12

Additional Information

  • Amenities: Natural Woodwork, Paneled Doors

Parking

  • Parking Features: Gravel, Parking Lot

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Anna E Ramsey Add
  • Neighborhood: 96
  • Driving Directions: From N Griggs St, turn left to Marshall Ave. The property is on the left side - 3 blocks after turning left.

School Information

  • School District: 2102 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Hot Water Common

Structural Information

  • Exterior Const.: Concrete, Frame
  • Basement: Yes
  • Basement Desc.: Block, Full, Unfinished
  • Foundation Size: 2040
  • Roof: Age Over 8 Years, Flat
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 8,160
  • Finished Down/Base.: 8,160 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1917

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 5,206
  • Frontage: City Street, Paved Streets, Sidewalks
  • Zoning: Business/Commercial, Other

Financial Considerations

  • Operating Expenses: $36,255
  • Tax Amount: $14,202.64
  • Tax Year: 2025
  • Terms: Conventional, Cash, Other, Special Funding
  • Owner Pays: Heat, Repairs, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: ANNA E RAMSEY ADD EX AVE LOT 3 BLK 3
  • Inclusions: Building
  • Property ID: 32823120003

Listed by RE/MAX Results

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— 1232 Marshall Ave —

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Schools serving 1232 Marshall Ave

School District:St. Paul Public School District
NameGradesDistance
Maxfield Magnet Elementary School
380 Victoria Street North, Saint Paul, MN 55104
PK-50.9 mi
Hidden River Middle School
1700 Summit Avenue, Saint Paul, MN 55105
6-81.1 mi
Central Senior High School, Saint Paul, MN
275 Lexington Parkway North, Saint Paul, MN 55104
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1232 Marshall Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2025
Listed
$810,000
11.72%
MLS
1/24/2020
Sold
$725,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1232 Marshall Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,248
27%
$52,300
—
2024
$986
—
$52,300
—
2023
$982
—
$52,300
—
2021
$984
-7%
$52,300
—
2020
$1,062
-1%
$52,300
—
2019
$1,068
2%
$52,100
—
2018
$1,046
—
$52,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1232 Marshall Avenue, Saint Paul, MN 55104 (MLS# 6709632) is a Commercial property. 1232 Marshall Avenue is currently listed for $810,000 and was received on May 07, 2025. Want to learn more about 1232 Marshall Avenue? Do you have questions about finding other Commercial real estate for sale in Lexington-Hamline? You can browse all Lexington-Hamline real estate or contact a Coldwell Banker agent to request more information.

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