A massive South St. Paul warehouse that for years doubled as The Sportsman's Guide's headquarters and fulfillment hub is officially up for sale, putting one of the city's largest single-tenant industrial properties in play just as its long-running lease winds down.
The roughly 400,000-square-foot building is on the market because the tenant's lease is nearing expiration, according to the Minneapolis/St. Paul Business Journal. The outlet first reported the listing on May 14, 2026, flagging it as a notable offering in the Twin Cities industrial scene.
Longtime local hub
The property has been closely tied to Sportsman's Guide's corporate and fulfillment operations in South St. Paul for years, serving as a local anchor for jobs and shipping activity. Federal carrier data lists the company at the South St. Paul address, and public shipping and carrier records reviewed by the FMCSA confirm the company's physical presence there, underscoring how embedded the site has been in the city's industrial fabric.
What it means for the industrial market
Research on the Twin Cities industrial sector points to a rebalancing market, with solid demand for modern Class A logistics facilities and softer interest in older, less efficient product. Colliers' Q1 2026 Minneapolis-St. Paul industrial report notes that outcomes increasingly hinge on asset quality and location, a trend that will likely influence who steps up for the Sportsman's Guide site and what they do with it.
Market observers expect brokers and investors to position the property either as a large infill warehouse ready for regional distribution or as a redevelopment candidate that could be upgraded into more modern logistics space. According to the Business Journal, the sale listing was timed to match the approaching lease expiration, and specific offering terms were not immediately disclosed.
Whichever direction the next owner chooses, this is a relatively rare chance to grab a large-format, infill industrial site in the Twin Cities, where parcels of this scale do not hit the open market very often. We will be keeping an eye out for the asking price, interested buyers and any redevelopment plans that might follow.
