664 Grand Avenue, Saint Paul, MN 55105
Commercial - Saint Paul, MN
- Added:
- Mar 26, 2026
- Days on Market:
- 94
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 664 Grand Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Residential-Multi-Family
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Parking Lot
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 022823410074
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 91560
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1928
- Architectural style
- Other
Listing agent Mark K Hulsey (651) 256-7404
Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN (952) 829-2900
Listing date Mar 26, 2026
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
- Diversified income stream from retail, office, and residential tenants provides stability.
- 43‑car parking lot included in sale.
- Turn‑key restaurant/bar opportunity with recent, high‑quality buildout.
- Prime Grand Avenue location with high foot traffic and affluent demographics.
- Value‑add potential with vacant restaurant/bar space for owner‑operator or lease‑up.
- Recent capital improvements including interior and exterior updates.
Overview
The building is prominently located along Grand Avenue in Saint Paul, with on-site parking included in the sale. The offering includes a 43-car parking lot, and the building totals 18,851 SF including the basement, with 11,719 SF above grade. Zoning is listed as Business/Commercial and Residential-Multi-Family.
For investors, this configuration provides in-place income with the ability to benefit from the remaining restaurant/bar opportunity. Restaurant/bar operators may also find the vacant space well suited for a true, ready-to-operate setup, given the completed buildout and the stated absence of a lease-back requirement. The seller’s stated reason for sale is retirement.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $490.9k | $26.04 |
| − Vacancy | −$30.9k | −$1.64 |
| EGI | $460.0k | $24.40 |
| − OpEx | −$207.0k | −$10.98 |
| NOI | $253.0k | $13.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.127969
- Latitude
- 44.939706
