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    Turn-Key Restaurant Opportunity in St. Paul Title is generated by Realmo AI

    1409 Arcade St, St Paul, MN 55106

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    Ready-to-operate restaurant space on Arcade Street, St. Paul.

    Type:RETAIL
    Property size:
    2,267 SF
    Price / SF:
    $220/SF
    Added:
    Apr 28, 2026
    Days on Market:
    26
    Last Refresh:
    May 8 at 3:28 am

    Property Features for 1409 Arcade St

    General Information

    Standard status
    Active
    Size
    2,267 SF
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chad Heer, CCIM
    Chad Heer, CCIM

    Listing agent Chad Heer, CCIM License #40427410

    Listing office Keller Williams Integrity Realty - Commercial Division

    Listing date Apr 28, 2026

    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 Keller Williams Integrity Realty - Commercial Division

    HighLights

    • Turn‑key restaurant opportunity in a high‑visibility, well‑trafficked location on Arcade Street.
    • Fully equipped with major infrastructure upgrades, including a new walk‑in cooler and commercial‑grade kitchen hood system.
    • 2,267 square feet of thoughtfully designed space suitable for various restaurant concepts (fast‑casual, takeout, ghost kitchen).
    • Ample off‑street parking for guests and staff.
    • Second‑generation restaurant space, reducing startup costs and expediting opening.
    • Functional layout allows for efficient kitchen operations and seamless workflow.

    Overview

    This turn-key restaurant opportunity is located at 1409 Arcade Street in Saint Paul. The 2,267-square-foot second-generation restaurant space is suited for various concepts, including fast-casual dining, takeout, ghost kitchens, or a food truck commissary. The property features infrastructure upgrades, including a new walk-in cooler and a commercial-grade kitchen hood system. The functional layout allows for efficient kitchen operations and a seamless workflow. Ample off-street parking provides convenience and accessibility. The property is positioned in a well-trafficked area with strong neighborhood support, offering an opportunity to establish or expand a presence in Saint Paul’s food scene.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $326.8K
    NOI $29,411 @ 9.00% cap · cautious / downside scenario
    Moderate
    $420.2K
    NOI $29,411 @ 7.00% cap · market / base-case scenario
    Aggressive
    $588.2K
    NOI $29,411 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $40.8k $18.00
    − Vacancy −$1.6k −$0.70
    EGI $39.2k $17.30
    − OpEx −$9.8k −$4.32
    NOI $29.4k $12.97
    2,267 SF · lease $18.00/SF/yr · vacancy 3.90% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $420.2K
    $367.6K – $490.2K (±1% cap)
    NOI $29,411 @ 7.0% cap · market cap 5.88%
    Second Best
    Industrial
    $351.8K
    $307.9K – $410.5K (±1% cap)
    NOI $24,628 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Healthcare Medical
    $557.9K
    $488.1K – $650.9K (±1% cap)
    NOI $39,051 @ 7.0% cap · market cap 7.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial kitchens

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • Embercap Inn — 794 Hyacinth Ave E, St Paul, MN 55106

    Location Insight

    • Map
    • Local Demand
    City
    St Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0661484
    Latitude
    44.9839939

    FAQs

    What type of property is this?
    Restaurant - Ready-to-operate restaurant space on Arcade Street, St. Paul.
    Where is this restaurant located?
    The property is located at 1409 Arcade St St Paul, MN.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Turn‑key restaurant opportunity in a high‑visibility, well‑trafficked location on Arcade Street.; Fully equipped with major infrastructure upgrades, including a new walk‑in cooler and commercial‑grade kitchen hood system.; **2,267 square feet of thoughtfully designed space suitable for various restaurant concepts (fast‑casual, takeout, ghost kitchen).**
    (612) 963-5147 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Heer, CCIM
    Chad Heer, CCIM
    Real Estate License ID: 40427410
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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