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    Retail Building on Snelling Avenue Title is generated by Realmo AI

    285 Snelling Ave N, St Paul, MN

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    Two-story retail building with land for sale on Snelling.

    Type:RETAIL
    Property size:
    14,950 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $200/SF
    Added:
    May 5, 2025
    Days on Market:
    427
    Last Refresh:
    May 20 at 8:14 pm

    Property Features for 285 Snelling Ave N

    General Information

    Standard status
    Active
    Size
    14,950 SF
    Lot size
    0.31 Acres
    Property subtype
    RETAIL

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    Thomas Martin
    Thomas Martin

    Listing office Cushman & Wakefield

    Listing date May 5, 2025

    Source Moodyscre

    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

    HighLights

    • 14,950 SF Building (2 Story)
    • 25,470 SF Land
    • Restricted Use (No C‑Store, Car Wash, Coffee, Dollar Store)

    Overview

    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.

    Local Financial Insights For Retail

    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 $254.7k $17.04
    − Vacancy −$19.9k −$1.33
    EGI $234.9k $15.71
    − OpEx −$70.5k −$4.71
    NOI $164.4k $11.00
    14,950 SF · lease $17.04/SF/yr · vacancy 7.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.35M
    $2.06M – $2.74M (±1% cap)
    NOI $164,414 @ 7.0% cap · market cap 5.48%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.72M
    $3.25M – $4.33M (±1% cap)
    NOI $260,051 @ 7.0% cap · market cap 8.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Nail Salon Department Store Accounting Firm Building Supply Kitchen & Bath Showroom Car Rental Facility Home Appliance Store Real Estate Agency Storage Facility Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    St Paul
    County
    Dakota
    State
    Minnesota

    FAQs

    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 St 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)
    (612) 730-7773 Call to check price and availability
    More about this property
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