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    1730 University Ave W Saint Paul, MN 55104

    View on Map
    Sponsored
    For Sale
    Under Contract
    $889,900

    Commercial - Saint Paul, MN

    Lot size:
    0.46 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 3:06 pm

    Property Features for 1730 University Ave W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Business/Commercial,Lot,Other,Residential-Multi-Family,Residential-Single Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    11
    APN
    332923420008
    Parking features
    Assigned, Driveway, Garage, Garage - Detached, Guest, Other, Parking Lot, Paved or Surfaced, Unassigned
    Exterior features
    Aluminum Siding, Brick Veneer, Metal, Stucco, Vinyl, Wood
    Appliances
    Range, Refrigerator
    Lot size
    0.46 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Hot Water (Heating)

    Building Details

    Year built
    1907
    Flooring type
    Carpet, Engineered Wood, Linoleum, Vinyl, Wood
    Building materials
    Block, Brick, Concrete, Frame, Stone
    Roof type
    Asphalt, Flat, Metal, Rubber, Shake, Shingle, Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Todd K Harrington
    Todd K Harrington

    EXP REALTY

    Listing agent Todd K Harrington

    Listing date Mar 26, 2026

    MLS# 7015183 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    St. Paul Redevelopment Opportunity

    This 0.46-acre property, totaling 20,038 sq ft, presents an investment and development opportunity along St. Paul’s Green Line Light Rail corridor in the Midway district. Zoned T3+, the site allows for high-density, mixed-use development, suitable for multifamily residential, commercial/retail, office space, or live-work concepts. The location provides pedestrian and transit connectivity, near Allianz Field, Fairview Ave and Penn Ave Green Line stations, the University of Minnesota campus, and the Midway neighborhood. Key amenities and employment centers are within a mile. The property includes two mixed-use commercial buildings, one duplex, and one single-family home, along with an on-site parking lot. The current configuration generates a monthly rental income of $7,200, derived from the single-family home at 1744 University Ave ($1,800), the duplex at 1738 University Ave ($2,200), the lower commercial unit at 471 Herschel ($1,250), and the upper residential units at 1728 and 1730 University Ave ($950 and $1,000 respectively). The lower commercial unit at 1730 University Ave is currently vacant. This property is suitable for developers, investors, or visionaries looking to redevelop the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.173613
    Latitude
    44.955417

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    FAQs

    What type of property is this?
    Mixed-use property - Prime transit-oriented redevelopment site in St. Paul's vibrant Green Line corridor.
    Where is this mixed-use property located?
    The property is located at 1730 University Ave W Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $889,900.
    What are key features of this property?
    This property features: - Prime location in St. Paul's Midway district along the Green Line Light Rail corridor, offering excellent transit connectivity.; - Six contiguous parcels totaling 0.46 acres (20,038 sq ft) zoned T3+ for flexible, high-density, mixed-use development.; - Strong monthly rental income of $7,200 from existing structures, providing immediate cash flow.
    (952) 222-3939
    Request Owner's contact information
    1730 University Ave W Saint Paul, MN 55104
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    Saint Paul, MN 55104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1730 University Ave W Saint Paul, MN 55104
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    Todd K Harrington
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