Two-Story Retail Building For
For Sale
Contact for pricing
285 Snelling Ave N, St Paul, MN 55104
Two-story retail building and adjoining land are offered for sale with specified restricted uses.
Property Size14,950 SF
Lot Size0.58 Acres
Price / SF$200.67
Days on Market544
Property Features for 285 Snelling Ave N
General Information
Standard status
Active
Size
14,950 SF
Lot size
0.58 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Planning District 13
Building Details
Stories
2
Listing Agency:
Cushman & Wakefield
(952) 831-1000
Listed By:
Thomas Martin
(612) 730-7773
Source:
Moodyscre
Added: May 5, 2025
Changed: Oct 26
Last Checked: Oct 28 at 11:55AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
For sale: a two-story retail building plus adjoining land at 285 Snelling Ave N in St Paul, MN. The offering includes 14,950 SF of building space and 25,470 SF of land.
The property is subject to use restrictions, including prohibitions on a C-store, car wash, coffee uses, and dollar store concepts. The seller has identified the restrictions as part of the available-use conditions for the site.
The property is subject to use restrictions, including prohibitions on a C-store, car wash, coffee uses, and dollar store concepts. The seller has identified the restrictions as part of the available-use conditions for the site.
Key Highlights
- 14,950 SF, 2‑story retail building available
- 25,470 SF adjoining land included
- Restricted uses: no C‑store, car wash, coffee, or 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
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
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail building and adjoining land are offered for sale with specified restricted uses.
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, 2‑story retail building available; 25,470 SF adjoining land included; Restricted uses: no C‑store, car wash, coffee, or dollar store
