Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turn-Key Space in Roseville, MN Title is generated by Realmo AI

    1961 Rice Street, Roseville, MN 55113

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial - Roseville, MN

    Lot size:
    0.27 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    280
    Last Refresh:
    May 18 at 2:06 am

    Property Features for 1961 Rice Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Stucco, Vinyl, Wood
    Standard status
    Active
    APN
    132923140015
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7138

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1919
    Flooring type
    Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Hudock

    Listing agent Thomas Hudock

    Listing office Keller Williams Premier Realty Lake Minnetonka 13100 Wayzata Blvd. #400, Wayzata, MN

    Listing date Aug 12, 2025

    MLS# 6771555 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.

    HighLights

    • Turn‑key 865 SF suite ideal for personal or professional services (medspas, massage, chiropractic, etc.).
    • Excellent visibility and exterior signage opportunities on Rice Street in Roseville, MN.
    • Three spacious treatment rooms with calming natural views.
    • Welcoming private reception area.
    • Convenient break/laundry room.
    • Private bathroom.

    Overview

    This 865 SF turn-key suite is located on Rice Street in the heart of Roseville, MN. It is suitable for medspas, massage therapy, chiropractic care, and other personal or professional service providers. The space features a welcoming private reception area, a break/laundry room, a private bathroom, and three spacious treatment rooms with natural views. The property is zoned for Business/Commercial use and is situated on a 0.27-acre lot. The location offers excellent visibility and exterior signage opportunities to capture passing traffic and repeat clientele.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Roseville
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1559
    Latitude
    45.0123

    Nearby Similar for Sale

    • $1,700,000
      15,000 SF

      Roseville Office Building For Sale

      15,000 SF office building in a central Roseville location.
      2015 Rice Street, Roseville, MN 55113
      View Details
    • $229,900

      Well-Maintained Office Condo in Roseville

      Office condo in Roseville with flexible layout and ample parking.
      2575 Hamline Avenue N, Roseville, MN 55113
      View Details
    • $3,690,000

      Roseville Church with Modern Amenities

      Well-maintained church with large seating capacity and modern upgrades.
      2651 Hamline Avenue N, Roseville, MN 55113
      View Details
    • $2,200,000
      8,766 SF

      Roseville Office and Flex Space

      8,766 SF building with office and flex space available.
      2597 Cleveland Ave N, Roseville, MN
      View Details
    • Contact for pricing
      1,321 SF

      Roseville Office Building For Rent

      17,193 SF office building in a vibrant commercial corridor.
      2690 Snelling Ave N, Roseville, MN
      View Details
    • $3,050,000
      21,978 SF

      Roseville Flex/Industrial Property For Sale

      Flex/Industrial property with income potential in Roseville, Minnesota.
      2611 Hamline Ave N, Roseville, MN
      View Details
    • $1,299,000
      16,000 SF

      Roseville Warehouse Space Available

      16,000 SF warehouse space for lease in Roseville.
      2025 Rice St, Roseville, MN
      View Details
    • $1,300,000
      7,000 SF

      Roseville Office Condo Suites

      Two office suites available in Roseville, Minnesota.
      1912 Lexington Ave N, Roseville, MN
      View Details
    • Contact for pricing
      89,696 SF

      Roseville Industrial Property For Sale

      89,696 SF industrial property in Roseville, Minnesota.
      2420 County Rd C W, Roseville, MN
      View Details
    • $5,800,000
      57,518 SF

      Roseville Office Plaza For Sale

      Well-maintained office building with high-quality tenants in a strategic location.
      1711 W County Rd B, Roseville, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - 865 SF turn-key suite ideal for personal and professional services.
    Where is this retail space located?
    The property is located at 1961 Rice Street Roseville, MN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Turn‑key 865 SF suite ideal for personal or professional services (medspas, massage, chiropractic, etc.).; Excellent visibility and exterior signage opportunities on Rice Street in Roseville, MN.; Three spacious treatment rooms with calming natural views.
    (612) 267-6516
    We can help!
    Listing Contact
    Thomas Hudock
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1961 Rice Street, Roseville, MN 55113
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!