Until 8 p.m. includes Twin Cities area

MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all. 

Turn Up Your Support

The Ramsey County Assessor's office doesn't think the downtown St. Paul Macy's building is worth much these days, but the land it occupies is extremely valuable.

Last year, the county assessed the building at less than $2 million, a huge slide from the $4.6 million it was worth four years earlier. But the land -- a full city block in the heart of downtown -- held its value nicely, standing at nearly $7 million.

The building, which obviously didn't work very well as a department store, isn't good for much else, either, in its present, windowless form, according to 

. Its best feature, they say, is its underground parking ramp.

Macy's plans to sell the building after it closes later this year, but it looks like buyers will be more interested in what's underneath it.

Minnesota News

The Cities Blog

Curtis Gilbert

Author

The downtown St. Paul Macy's building isn't worth much, but the land is another story.

What’s the Macy’s building worth?

Go Deeper.

Like this?

News you can use in your inbox