$2,675,000
981 Sibley Memorial Highway
Saint Paul, MN 55118
MLS# 6686696
Status: Closed



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Property Description
This high-end mixed-use retail/restaurant space is within the sought-after Stonebridge development, boasting strong foot traffic, ample parking, and excellent signage visibility. The building was purpose-built for foodservice, featuring professional-grade kitchens, a wine shop, an elegant dining space, and a thriving Italian market/deli. Home to two of the Twin Cities' most renowned Italian establishments: Buon Giorno Italia and Osteria I Nonni. This turn-key, high-visibility property benefits from an affluent customer base in Mendota Heights, Lilydale, and Mendota. The prime location at the intersection of Sibley Memorial Highway (MN-13) and 35E has easy access to St. Paul, Minneapolis, and the MSP airport. Tenant Businesses: Buon Giorno Italia – An iconic Italian market, deli, and wine shop serving gourmet imported goods, fresh-made pastas, and artisan specialties for over 20 years. Osteria I Nonni – A highly acclaimed fine-dining Italian restaurant known for its authentic regional cuisine, award-winning wine list, and elegant ambiance.

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-11-02
Current Price: $2,675,000
Closed Date: 2025-11-12
Sales Close Price: 2675000
Contingency: None
ListPrice: 2800000
List Date: 2025-03-18
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 100
Owner Occupied: Yes
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 203x103
Acres: 0.45
Foundation Size: 11000
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: STONEBRIDGE OF LILYDALE 3RD ADDITION 2 1
Map Page: 121
Municipality: Lilydale
School District: West St. Paul-Mendota Hts.-Eagan
School District Phone: 651-403-7002
Zip Plus 4: 5109
Property ID Number: 246750201020
Tax Year: 2024
Tax Amount: 43172
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: This high-end mixed-use retail/restaurant space is within the sought-after Stonebridge development, boasting strong foot traffic, ample parking, and excellent signage visibility. The building was purpose-built for foodservice, featuring professional-grade kitchens, a wine shop, an elegant dining space, and a thriving Italian market/deli. Home to two of the Twin Cities' most renowned Italian establishments: Buon Giorno Italia and Osteria I Nonni. This turn-key, high-visibility property benefits from an affluent customer base in Mendota Heights, Lilydale, and Mendota. The prime location at the intersection of Sibley Memorial Highway (MN-13) and 35E has easy access to St. Paul, Minneapolis, and the MSP airport. Tenant Businesses: Buon Giorno Italia – An iconic Italian market, deli, and wine shop serving gourmet imported goods, fresh-made pastas, and artisan specialties for over 20 years. Osteria I Nonni – A highly acclaimed fine-dining Italian restaurant known for its authentic regional cuisine, award-winning wine list, and elegant ambiance.
Directions: 35E to Hwy 13. West on
Accessible
Fully Wheelchair: 1
No Stairs External: 1
Air Conditioning
Central Air: 1
Amenities Unit
Indoor Sprinklers: 1
Patio: 1
Porch: 1
Tile Floors: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 43172
Assumable Loan
Not Assumable: 1
Basement
Slab: 1
Building Information
Building Finished SqFt: 12186
Building SqFt: 12186
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Brick/Stone: 1
Stucco: 1
Fencing
None: 1
Financing Terms
Other: 1
Flooring
Carpet: 1
Concrete Slab: 1
Tile: 1
Foundation
Slab: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Paved Lot: 1
Uncovered/Open: 1
Public Survey Info
Range#: 23
Section#: 23
Township#: 28
Road Frontage
Curbs: 1
Paved Streets: 1
Sidewalks: 1
State Road: 1
Storm Sewer: 1
Roof
Age 8 Years or Less: 1
Asphalt Shingles: 1
Pitched: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Topography
Level: 1
Unit Details
Total Units: 1
Wall Description
Drywall: 1
Finished: 1
Insulated: 1
Water
City Water/Connected: 1
Window Features
Aluminum Frames: 1
Double Pane Windows: 1
Window Treatments: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
CMU Style
Freestanding: 1
Current Use
Restaurant: 1
Potential Use
Restaurant: 1
Location Tax and Other Information
House Number: 981
Street Name: Sibley Memorial
Street Suffix: Highway
Postal City: Saint Paul
County: Dakota
State: MN
Zip Code: 55118
Complex/Dev/Subdivision: Stonebridge Of Lilydale 3rd Add
Property Features
Accessible: Fully Wheelchair; No Stairs External
Air Conditioning: Central Air
Amenities Unit: Indoor Sprinklers; Patio; Porch; Tile Floors
Assumable Loan: Not Assumable
Basement: Slab
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Restaurant
Existing Financing: Conventional
Exterior: Brick/Stone; Stucco
Fencing: None
Financing Terms: Other
Flooring: Carpet; Concrete Slab; Tile
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Common; Heating Common
Parking Characteristics: Parking Lot; Paved Lot; Uncovered/Open
Potential Use: Restaurant
Road Frontage: Curbs; Paved Streets; Sidewalks; State Road; Storm Sewer
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Stories: Two
Topography: Level
Wall Description: Drywall; Finished; Insulated
Water: City Water/Connected
Window Features: Aluminum Frames; Double Pane Windows; Window Treatments

IDX
Listing Office: Norton Realty, Inc

Last Updated: November - 12 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.