The Kellogg Center is a 56,200-square-foot office building that sits on a nearly 2-acre lot at 328 Kellogg Blvd. W. in St. Paul. (Photo: Catylist)

The Blueprint

The Kellogg Center in St. Paul is a 56,200-square-foot historic office building listed for $3 million.
A Hopkins property combines 12,648 square feet of office and warehouse space with outdoor storage and three drive-in doors.
A Savage office and light industrial property offers nearly 19,000 square feet and 2.2 acres of land.

Just in time for the unofficial start to fall, this week’s On the Market features three nonresidential properties with value-add potential. Two are established light industrial properties in well-connected western suburbs; the odd lot out is a spacious office building with ample parking on the edge of downtown St. Paul.

Kellogg Center

Location isn’t the Kellogg Center’s only selling point, but it’s certainly a big one.

Built in 1914 as a Catholic school and thoroughly renovated in 1970, this 56,200-square-foot brick-clad office building sits on a comparatively spacious lot (nearly 2 acres) between the Cathedral of St. Paul and Grand Casino Arena. It’s currently owned by the Minnesota Historical Society and offered as-is, according to the listing from NTN Real Estate and Project Management associates Amy Wimmer and Brady Gruenhagen.

The building, handsome as it is, takes up less than half the property. Most of the rest is a 123-stall parking lot that aerial photos show to be in solid condition. The parking lot provides the current (and likely future) owner with side income during events at Grand Casino Arena, which Wimmer and Gruenhagen say could help offset carrying costs during a potential repositioning.

As for that potential: The site is currently zoned T1, allowing continued office use or conversion to housing or mixed use in an area that could use more of both. Original maple floors, interior glass windows and a historic solarium and gymnasium are selling points either way.

Address: 328 Kellogg Blvd. W., St Paul

Type: Office

Square Footage: 56,200 square feet

Asking Price: $3 million

Seller: Minnesota Historical Society (St. Paul)

Listing Broker: Amy Wimmer & Brady Gruenhagen, NTN Real Estate & Project Management

The fenced-in building at 637 12th Ave. S. in Hopkins offers space for outdoor storage. (Photo: Catylist)

Hopkins light industrial/office

This small, tidy and functional commercial building is split roughly evenly between office and warehouse space, according to Hoyt Properties’ listing and spec sheet.

It’s not just a building, however. The 0.6-acre lot, though compact, has a fenced-in paved area with a decent amount of space for outdoor storage in addition to vehicle parking. Three drive-in doors provide direct access to the warehouse area, another rarity given the tight configuration.

The warehouse itself has some surprises, too, including 16-foot clear heights — a few feet higher than similarly designed buildings of comparable vintage — and unspecified “heavy power” that may support more than just your standard distribution business.

Hopkins Light Industrial/Office

Address: 637 12th Ave. S., Hopkins

Type: Light industrial/office

Square Footage: 12,648 square feet

Asking Price: $1.4 million

Seller: Private seller

Listing Broker: Steve Nelson, Ches Masserano & Mack Damerow, Hoyt Properties

Savage light industrial/office

Head a few cities over and you’ll find a slightly larger office/light industrial combo of slightly newer vintage.

“The property combines modern construction with a functional layout suited for manufacturing, warehousing, distribution, and owner-user operations,” North Star Commercial senior adviser Scott Naasz says in the listing brochure. Flexible I-1 zoning ensures pretty much anything the building can support is fair game.

With nearly 15,000 square feet available for occupancy within a few months, it’s ideal for a new owner-user looking to benefit from a long-term lease on the remaining 4,000-plus square feet. And the 2.2-acre lot has another 15,000 square feet, give or take, of fenced outdoor space suitable for storing equipment, vehicles or materials, Naasz says.

Address: 8555 123rd St. W., Savage

Type: Light industrial/office

Square Footage: 18,960 square feet

Asking Price: $2.795 million

Seller: 8555 123rd Street NS, LLC (Red Wing)

Listing Broker: Scott Naasz, North Star Commercial

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On the Market: Twin Cities properties with value-add potential