Four-Level Mixed-Use
New
For Sale
$729,000
1208 Grand Avenue, Saint Paul, MN 55105
Separate utilities and private entrances support multiple business configurations across the building.
Property Size4,302 SF
Price / SF$169.46
Days on Market7
Property Features for 1208 Grand Avenue
General Information
Standard status
Active
Size
4,302 SF
Total Parking Spaces
11
Property subtype
Commercial
Zoning
Business/Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, office
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,172
Amenities
private entrances
front covered porch
landscaped gardens
rich woodwork
built-in cabinetry
conference room
break room
Building Details
Building Size
4,302 SF
Year Built
1913
Year Renovated
2007
Buildings
1
Stories
4
Units
1
Tenancy
Multi
Listing Agency:
LaBelle Real Estate Group Inc
Listed By:
Michael J. Labelle
(612) 840-2210
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:24PM
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 LaBelle Real Estate Group Inc
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Investment Insights
Based on property information with market context.
Built in 1913, this four-level mixed-use property has a salon setup on the main floor, a partially finished lower level used for wellness services, and professional offices on the second and third floors. The office levels were remodeled in 2007 and include reception areas, private offices, a conference room, storage, break areas, and bathrooms. The upper-floor office leases run through February 2027. Improvements include a new boiler and water heater, sewer line replacement to the municipal main, plumbing updates, and a resurfaced parking area.
The property is on Grand Avenue in Saint Paul’s Summit Hill neighborhood. It has covered porches, landscaped grounds, and on-site parking for 11 vehicles. Business/Commercial zoning applies.
The property is on Grand Avenue in Saint Paul’s Summit Hill neighborhood. It has covered porches, landscaped grounds, and on-site parking for 11 vehicles. Business/Commercial zoning applies.
Key Highlights
- Four levels with salon, wellness, and office configurations
- Second- and third‑floor office leases extend through February 2027
- Office areas remodeled in 2007 with reception areas, private offices, and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,086
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,720
$1.0M
Cap Rate 7%
$729,800
$729.8K
Cap Rate 9%
$567,622
$567.6K
Market Conditions
NOI Build-Up for 4,302 SF
Gross rent
$94.5K $21.96/SF
− Vacancy
−$26.4K −$6.13/SF
EGI
$68.1K $15.83/SF
− OpEx
−$17.0K −$3.96/SF
NOI
$51.1K $11.87/SF
Area
Ramsey County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,720
Cap Rate 7%
$729,800
Cap Rate 9%
$567,622
Alternative Uses
Best Use
Office B
$729.8K
$638.6K – $851.4K
NOI $51,086 @ 7.0% cap · market cap 7.01%
Second Best
Mixed Use
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$1.03M
$898.1K – $1.20M
NOI $71,846 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate utilities and private entrances support multiple business configurations across the building.
Where is this mixed-use property located?
The property is located at 1208 Grand Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Four levels with salon, wellness, and office configurations; Second- and third‑floor office leases extend through February 2027; Office areas remodeled in 2007 with reception areas, private offices, and a conference room
