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

Photos

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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. 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 a 26.4% vacancy rate, average asking rents near $29.95/SF/yr, and rents up 3.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Minneapolis office market tightening or softening?
Vacancy is around 26.4%, with asking rents rising year over year (Q1 2026).

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