Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redevelopment Opportunity in Saint Paul Title is generated by Realmo AI

    1800 1818 1808 Grand Ave, Saint Paul, MN 55105

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 0.7-acre site in vibrant retail and residential area.

    Type:Retail
    Lot size:
    0.70 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    113
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 1800 1818 1808 Grand Ave

    General Information

    Standard status
    Active
    Lot size
    0.70 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Mike Salmen
    Mike Salmen

    Listing agent Mike Salmen License #MN 20037566

    Listing office Transwestern Minneapolis

    Listing date Jan 28, 2026

    Source Crexi

    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 Transwestern Minneapolis

    HighLights

    • Prime redevelopment opportunity at Grand and Fairview Avenues.
    • Located in a highly populated residential area near prestigious colleges and universities.
    • Situated on St. Paul’s busiest retail corridor with strong retail amenities.
    • Zoned traditional neighborhood and guided for multi‑optional development.
    • Consists of three contiguous parcels measuring a combined 0.7 acres.
    • Existing owner potentially interested in anchoring a new development.

    Overview

    This 0.7-acre property presents a unique redevelopment opportunity in the heart of Saint Paul's vibrant retail and residential area. Located at the intersection of Grand and Fairview Avenues, the site benefits from a high-traffic location in a densely populated residential area, with close proximity to several colleges and universities. The property is situated along Saint Paul's busiest retail corridor and benefits from strong retail amenities. Grand Avenue has experienced significant redevelopment in recent years, blending its historic character with newly constructed apartments and redevelopments. The property consists of three contiguous parcels and is improved with three separate retail buildings. All three parcels are zoned traditional neighborhood and guided for multi-optional development by the City of Saint Paul. The existing owner may be interested in anchoring a new development with its retail establishment on the first floor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1764232
    Latitude
    44.9397973

    Nearby Similar for Sale

    • $499,900

      Turn-Key Restaurant Opportunity in Saint Paul

      Ready-to-operate restaurant space on Arcade Street in Saint Paul.
      1409 Arcade Street, Saint Paul, MN 55106
      View Details
    • $395,000

      St. Paul Corner Commercial Opportunity

      One-story office building in St. Paul with high visibility.
      640 Smith Avenue S, Saint Paul, MN 55107
      View Details
    • $699,900

      Remodeled Office Building Near Downtown

      Mid-century office building with modern interior, ideal for professional services.
      711 Smith Avenue S, Saint Paul, MN 55107
      View Details
    • $1,225,000
      7,100 SF

      Grand Avenue Mixed-Use Building

      Three-unit mixed-use building with parking on Grand Avenue.
      1154 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $1,120,000
      7,926 SF

      Mixed-Use Building in West 7th

      Versatile mixed-use commercial building in Saint Paul's West 7th corridor.
      1032 7th Street W, Saint Paul, MN 55102
      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
    • $1,750
      1,300 SF

      Turn-Key Office Space Available

      Ready-to-use office space with hardwood floors and natural light.
      1154 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $449,997

      Saint Paul Commercial Building

      Freestanding commercial building in Saint Paul available for sale.
      678 Robert Street S, Saint Paul, MN 55107
      View Details
    • $945,500

      Downtown St. Paul Medical Office

      Vacant medical office building with skyway and parking access.
      17 Exchange St W, Saint Paul, MN 55102
      View Details
    • $1,100

      Grand Avenue Office Space

      Turn-key office space on Grand Ave, Saint Paul.
      961 Grand Avenue, Saint Paul, MN 55105
      View Details
    • $17

      Historic Office Suites in St. Paul

      Affordable office spaces with historic charm and modern amenities.
      413 Wacouta Street, Saint Paul, MN 55101
      View Details
    • $3,850,000

      Mixed-Use Asset on Grand Avenue

      Ten-unit mixed-use property with retail, office, and residential spaces.
      664 Grand Avenue, Saint Paul, MN 55105
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime 0.7-acre site in vibrant retail and residential area.
    Where is this retail space located?
    The property is located at 1800 1818 1808 Grand Ave Saint Paul, MN.
    What are key features of this property?
    This property features: Prime redevelopment opportunity at Grand and Fairview Avenues.; Located in a highly populated residential area near prestigious colleges and universities.; Situated on St. Paul’s busiest retail corridor with strong retail amenities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Salmen
    Mike Salmen
    Real Estate License ID: MN 20037566
    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
    1800,1818, 1808 Grand Ave, Saint Paul, MN 55105
    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!