985 Ivy Avenue E Saint Paul, MN ^$ 5,750,000

985 Ivy Avenue E

^$ 5,750,000

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Recently Listed

985 Ivy Avenue E

Saint Paul, MN, 55106

^$ 5,750,000

Bedrooms3 Baths2.0 Sq 67,752

Monthly Estimate*

^$ 39,714

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Commercial Property for sale in Saint Paul, MN

for $5,750,000 with 3 bedrooms and 2 full baths. This 67,752 square foot building was built in 1987 on a lot size of 1.62.

Phalen Shores is a 53 Unit market-rate multifamily building built in 1987, and situated on the edge of Phalen Regional Park.

Commercial Active

Price

^$ 5,750,000

Bedrooms

Full Bath

Property Type

Commercial

Taxes

^$ 108,578

Style

Lot Size

1.62

Year Built

1987

Town/City

Saint Paul

County/Region

Ramsey

MLS | Web ID

7150234

Features

General

Sewer City Sewer/Connected

Heating Boiler Hot Water

Cooling Wall Unit(s)

Utilities Electric Common Electric Separate Heating Common Hot Water Common

Garage Spaces 23

Construction Materials Brick Concrete

Year Built 1987

Tax Year 2026

Current Use Residential

Gross Income 867255

Accessibility Accessible Elevator Installed

Additional Parcels Description 212922310011 212922310012 212922310010

County Ramsey

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Phalen Shores

Directions From Maryland Ave E go north on Forest St to Ivy Ave E. The property is at Forest St and Ivy Ave E on the west edge of Phalen Regional Park.

City Saint Paul

High School District St. Paul

Zoning Description Residential-Multi-Family

Number Of Units Total 53

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 108578

Additional Parcels Y/N Y

Standard Status Active

Lender Owned No

Exterior

Parking Features Heated Garage Parking Lot Shared Garage/Stall Underground

Water Source City Water/Connected

Inclusions Building Land

Lot Size Area 1.62

Building Area Total 67752

Lot Dimensions ~366' x ~366

Waterfront Y/N N

Foundation Area 11292

Interior

Basement (Y/N) N

Total Bedrooms 3

Total Baths 2

Foundation Dimensions 180x63

Fuel Natural Gas

Internal Only

Street Number 1 985

* Excluded Features

List By

Mrg Realty Partners, Llc

Broker

david@mrgrealtypartners.com

Affordability Calculator

$48,762

Per Month

Monthly Principal & Interest: $39,714
Monthly Property Taxes: $9,048
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Saint Paul, MN

Average List Price ^$875,130

Percent of Sale Price 85%

About Saint Paul, MN

306,135 Population

7% Since 2002

^$52,510 Median Income

34.29 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709337 Elementary School

708288 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/28/2026	$5,750,000		Listed Price

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985 Ivy Avenue E, Saint Paul, MN, 55106 is a Commercial Property for sale at $5,750,000 with 67,752 sqft and a lot size of 1.62. 985 Ivy Avenue E has 3 bedrooms, 2.0 baths, and was built in 1987. The property's zip code is 55106 which is in Saint Paul, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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985 Ivy Avenue E

Commercial Property for sale in Saint Paul, MN

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