Retail Building on Snelling
For Sale
Contact for pricing
285 Snelling Ave N, Saint Paul, MN 55105
Two-story retail building with land for sale on Snelling.
Property Size14,950 SF
Lot Size0.31 Acres
Price / SF$200.67
Days on Market519
Property Features for 285 Snelling Ave N
General Information
Standard status
Active
Size
14,950 SF
Lot size
0.31 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield
(952) 831-1000
Listed By:
Thomas Martin
(612) 730-7773
Source:
Moodyscre
Added: May 5, 2025
Changed: Oct 1
Last Checked: Oct 4 at 12:26PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
The property features a two-story building with 14,950 square feet of space, situated on 25,470 square feet of land. Note that there are restrictions in place, prohibiting use as a convenience store, car wash, coffee shop, or dollar store. The property is located on Snelling Avenue North in St. Paul, MN.
Key Highlights
- 14,950 SF Building (2 Story)
- 25,470 SF Land
- Restricted Use (No C‑Store, Car Wash, Coffee, Dollar Store)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,835
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,616,700
$3.6M
Cap Rate 7%
$2,583,357
$2.6M
Cap Rate 9%
$2,009,278
$2.0M
Market Conditions
NOI Build-Up for 14,950 SF
Gross rent
$269.1K $18.00/SF
− Vacancy
−$10.8K −$0.72/SF
EGI
$258.3K $17.28/SF
− OpEx
−$77.5K −$5.18/SF
NOI
$180.8K $12.10/SF
Area
Ramsey County, MN
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,616,700
Cap Rate 7%
$2,583,357
Cap Rate 9%
$2,009,278
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,673 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,081
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Shops & Services 25%
Dining 18%
Apparel 3%
Cub Foods
Groceries
45,911 visits/mo
0.4 miles
Whole Foods Market
Groceries
33,705 visits/mo
0.1 miles
Starbucks
Dining
12,512 visits/mo
0.1 miles
Speedway
Shops & Services
11,091 visits/mo
0.4 miles
Dollar Tree
Shops & Services
9,492 visits/mo
0.5 miles
Demographics for 55105, MN
28,812
Population
12,045
Households
2.4
Avg Household Size
33
Median Age
78%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
8,232
Density / Sq Mi
$108,200
Median Household Income
$51,131
Median Earnings
$1,240
Median Rent
$453,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail building with land for sale on Snelling.
Where is this retail space located?
The property is located at 285 Snelling Ave N Saint Paul, MN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 14,950 SF Building (2 Story); 25,470 SF Land; Restricted Use (No C‑Store, Car Wash, Coffee, Dollar Store)
