SVN | Northco is pleased to present for sale or lease the historic Saint Paul Athletic Club Building in Downtown Saint Paul, Minnesota ("Property"). This iconic Property has been an integral part of St. Paul's community and social fabric since 1917. The Property is comprised of two separate buildings: the 1917 building and a 1980 building, located in the center of the business district.

The building has many potential re-uses with additional event venues being an attractive option. In addition, the Property could be ideal for a non-profit user(s) as the current infrastructure and amenities would allow most non-profits to meet their programmatic objectives.

Pre-Pandemic, the building housed a 56-room boutique hotel (Hotel 340), a first-class health club (The SPAC), banquet operations in the original ballroom & Lobby, a partially completed roof-top banquet venue, and miscellaneous tenant office spaces. Today, banquets are still held in the ballroom, the health club has closed (although it still has much of its infrastructure), the hotel is partially occupied by a homeless shelter, and there are many re-use options for the former office/retail spaces. Construction has begun to add two new event venues.

The property is located in the Central Business District, just a few blocks from Rice Park and the Lowertown Arts District, and it is adjacent to the LRT Green Line Station (the station is on the same block).

The Owner will entertain reasonable purchase offers, lease proposals, and joint venture ideas.

SALE HIGHLIGHTS:

• There are numerous potential sale, lease and

partnership structures. Seller financing is also

available.

• The Property is located in a Qualified Opportunity

Zone, which was approved by the U.S.

Department of Treasury on May 18, 2018.

• State Historic Tax Credits (HTCs) may be

available.

• Located adjacent to a premier development site

in Downtown Saint Paul, the Central Station Block

Development. More information about that

development opportunity is available.

• The Property is comprised of two buildings: one

built in 1917, and a primarily athletic expansion

built in 1980. Designed by the renowned

architecture firm of Reed & Stem and completed

in 1917. Reed & Stem contributed to the design of

New York City's Grand Central Terminal and

Seattle's King Street Station, among many

other commissions.

• 1917 Construction is brick and concrete and the

1980 addition steel frame.

• Located in the Central Business District of

Downtown Saint Paul on Cedar Street and 4th

Street.

• The Property is located only two blocks from the

Mississippi River and is within blocks of numerous

restaurants, bars, entertainment options, and

transit. Adjacent to the Central Station of the LRT

Green Line.

• Entrance off Cedar Street between 4th Street and

5th Street.