Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turn-Key Restaurant Opportunity in Saint Paul Title is generated by Realmo AI

    1409 Arcade Street, Saint Paul, MN 55106

    View on Map
    Claim this Listing
    Pending
    $499,900

    Commercial - Saint Paul, MN

    Property size:
    2,267 SF
    Lot size:
    0.24 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 1409 Arcade Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Carport, Covered, Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone, Metal, Stucco
    Appliances
    Barbeque or Grill, Cooktop, Dishwasher, Oven - Double, Washer
    Standard status
    Pending
    APN
    202922410065
    Size
    2,267 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10848

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    Block, Brick, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Hudock

    Listing agent Thomas Hudock

    Listing office Keller Williams Premier Realty Lake Minnetonka 13100 Wayzata Blvd. #400, Wayzata, MN

    Listing date Apr 21, 2026

    MLS# 7059075 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key restaurant opportunity in a high‑visibility, well‑trafficked location on Arcade Street in Saint Paul.
    • Fully equipped with major infrastructure upgrades, including a new walk‑in cooler and commercial‑grade kitchen hood system.
    • 2,267 square feet of space suitable for various concepts: fast‑casual, takeout, ghost kitchen, or food truck commissary.
    • Ample off‑street parking for guests and staff.
    • Functional layout designed for efficient kitchen operations and workflow.
    • Located in a well‑trafficked area with strong neighborhood support.

    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, a ghost kitchen, or a food truck commissary. It features infrastructure upgrades, including a new walk-in cooler and a commercial-grade kitchen hood system. The layout allows for efficient kitchen operations and workflow, with flexibility to tailor the space. Ample off-street parking is available. The property is positioned in a high-visibility, well-trafficked area with neighborhood support. The lot size is 0.238 acres. The zoning is Business/Commercial.

    Local Financial Insights For Specialty 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 $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 Uses

    Best Use
    Specialty Retail
    $420.2K
    $367.6K – $490.2K (±1% cap)
    NOI $29,411 @ 7.0% cap · market cap 5.88%
    Second Best
    —
    —
    no second resolved use
    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

    Restaurants

    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
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.066374
    Latitude
    44.983954

    Nearby Similar for Sale

    • $1,225,000
      7,100 SF

      3-Unit Mixed-Use Corner Building

      Corner mixed-use building with a tenant-anchored first floor and two second-floor office suites.
      1154 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $990,000
      7,926 SF

      Mixed-Use Building in Saint Paul

      Versatile mixed-use commercial building in Saint Paul's West 7th corridor.
      1032 7th Street W, Saint Paul, MN 55102
      View Details
    • $395,000
      5,279 SF

      Corner Office Building with Two Suites

      One-story corner office building with two separate suites, offering flexible space for owner-users, investors, or redevelopment.
      640 Smith Avenue S, Saint Paul, MN 55107
      View Details
    • $699,900

      Remodeled Mid-Century Office Building

      Turnkey, remodeled professional office with flexible layout, private offices, and ample client parking in West Side St. Paul.
      711 Smith Avenue S, Saint Paul, MN 55107
      View Details
    • $3,850,000
      18,851 SF

      Mixed-Use Building with Turn-Key Bar

      Well-maintained 10-unit mixed-use property with leased offices and apartments plus a fully built-out restaurant/bar ready to operate.
      664 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $875,000

      Versatile Commercial Building on Corner Lot

      Adaptable commercial building with high visibility and multiple zoning possibilities.
      170 Pascal Street N, Saint Paul, MN 55104
      View Details
    • $2,390
      1,137 SF

      Turn-Key Office Suite with Parking

      Turn-key office suite with an open plan, kitchenette, and customer parking near I-94 and transit.
      360 University Avenue W, Saint Paul, MN 55103
      View Details
    • $945,500

      Downtown Medical Office Building

      Fully vacant multi-story medical office with a connected atrium and skyway access to hospital facilities.
      17 Exchange St W, Saint Paul, MN 55102
      View Details
    • $1,495,000

      Payne Avenue Mixed-Use Opportunity

      Mixed-use property with income and redevelopment potential in Saint Paul.
      883 Payne Avenue, Saint Paul, MN 55130
      View Details
    • $1,595,000

      Saint Paul Multifamily Investment Property

      16-unit apartment complex in high-demand East St. Paul location.
      881-889 Maryland Avenue E, Saint Paul, MN 55106
      View Details
    • $1,750,000

      High-Visibility Gas and Service Station

      Established gas, convenience, and service station on a high-traffic corner with redevelopment potential.
      485 Snelling Avenue S, Saint Paul, MN 55116
      View Details
    • $530,000

      Saint Paul Multifamily Investment

      Seven-unit apartment building with detached garage in Saint Paul.
      935 Case Avenue, Saint Paul, MN 55106
      View Details

    FAQs

    What type of property is this?
    Restaurant - Ready-to-operate restaurant space on Arcade Street in Saint Paul.
    Where is this restaurant located?
    The property is located at 1409 Arcade Street Saint 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 in Saint Paul.; Fully equipped with major infrastructure upgrades, including a **new walk‑in cooler and commercial‑grade kitchen hood system**.; 2,267 square feet of space suitable for various concepts: fast‑casual, takeout, ghost kitchen, or food truck commissary.
    (612) 267-6516
    We can help!
    Listing Contact
    Thomas Hudock
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1409 Arcade Street, Saint Paul, MN 55106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!