A riverfront site in Saint Paul Park, Minnesota, has entered the market with a listing price of $4.5 million USD. Hidden Harbor Marina spans 55.85 acres along the Mississippi River and presents an opportunity for investors seeking a mixed-use asset with income-generating features and development potential.
The site comprises 20.41 acres of usable land and 16.82 acres of barrier islands, which provide a total of approximately 713-metres (2,340 linear feet) of riverfront access. The existing marina infrastructure includes 104 rentable wet slips, 76 of which offer electrical hookups, and potential expansion to more than 170 slips. Key amenities also include two haul-out wells, a public launch ramp and an outdoor boat storage yard along the Mississippi in Minnesota.
A two-storey, 1,038 square-metre (11,174 square-foot) structure on the property houses a year-round restaurant with outdoor seating, as well as a 510 square-metre (5,487 square-foot) upper-level banquet hall. Both facilities are suitable for events, weddings and community functions.
A separate 2,200 square-metre (23,680 square-foot) commercial steel building includes a marine showroom, office space, parts room, retail store and a fully equipped mechanic’s shop. The building features two large overhead doors for operational efficiency.
Residential income is another component of the property. Five rental homes and one duplex are currently occupied by long-term tenants, which offer stable rental revenue. The site also allows for future residential or commercial development.
The property is listed by Deanna Doyle of Coldwell Banker Commercial Realty.
