Bar and Lounge with
For Sale
$540,000
1112 Arcade St, Saint Paul, MN 55106
Operating bar and lounge with a vacant upstairs apartment and a setting among retail, service, and food businesses.
Property Size3,347 SF
Price / SF$161.34
Days on Market13
Property Features for 1112 Arcade St
General Information
Standard status
Active
Size
3,347 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1978
Listing Agency:
RE/MAX Professionals
(651) 428-9314
Listed By:
Jeff Meyers
Source:
Tayloronken
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Professionals
Investment Insights
Based on property information with market context.
Vogels Bar & Lounge is a 3,347-square-foot bar and lounge property in Saint Paul. The building includes a vacant two-bedroom apartment on the upper level, providing a separate residential component within the structure. Constructed in 1978, the property is positioned along a commercial corridor with nearby retail, service, and food establishments.
The property is located at 1112 Arcade St and benefits from ongoing public infrastructure work in the surrounding area. Planned improvements include reconstruction of Arcade Street, new sidewalks, and upgrades to gas, water, and electric utility systems.
The property is located at 1112 Arcade St and benefits from ongoing public infrastructure work in the surrounding area. Planned improvements include reconstruction of Arcade Street, new sidewalks, and upgrades to gas, water, and electric utility systems.
Key Highlights
- 3,347‑square‑foot bar and lounge property
- Vacant two‑bedroom apartment above the commercial space
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,422
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$868,440
$868.4K
Cap Rate 7%
$620,314
$620.3K
Cap Rate 9%
$482,467
$482.5K
Market Conditions
NOI Build-Up for 3,347 SF
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.
Gross rent
$60.2K $18.00/SF
− Vacancy
−$2.3K −$0.70/SF
EGI
$57.9K $17.30/SF
− OpEx
−$14.5K −$4.32/SF
NOI
$43.4K $12.97/SF
Area
Dakota County, MN
Vacancy
3.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$868,440
Cap Rate 7%
$620,314
Cap Rate 9%
$482,467
Alternative Uses
Best Use
Specialty Retail
$620.3K
$542.8K – $723.7K
NOI $43,422 @ 7.0% cap · market cap 8.04%
Second Best
Mixed Use
$568.0K
$497.0K – $662.7K
NOI $39,762 @ 7.0% cap · market cap 7.36%
Theoretical Best
Healthcare Medical
$823.6K
$720.7K – $960.9K
NOI $57,655 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 41%
Electronics 9%
Burger King
Dining
9,519 visits/mo
0.2 miles
Dollar General
Shops & Services
5,520 visits/mo
0.4 miles
U.S. Bank
Shops & Services
3,258 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,047 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,092 visits/mo
0.2 miles
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Brunson's Pub — 956 Payne Ave, St Paul, MN 55130
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- Mike's Bar — 932 arcade st, st paul, mn 55106
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar and lounge with a vacant upstairs apartment and a setting among retail, service, and food businesses.
Where is this bar & pub located?
The property is located at 1112 Arcade St Saint Paul, MN.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 3,347‑square‑foot bar and lounge property; Vacant two‑bedroom apartment above the commercial space; Built in 1978
