Mixed-Use Building with Highway
For Sale
Contact for pricing
1885 & 1891 Suburban Avenue, Saint Paul, MN 55119
Commercial property offering retail-oriented space and flexibility for an owner-user or future lease-up strategy.
Property Size24,986 SF
Lot Size2.85 Acres
Price / SF$194.11
Days on Market56
Property Features for 1885 & 1891 Suburban Avenue
General Information
Standard status
Active
Size
24,986 SF
Lot size
2.85 Acres
Property subtype
Mixed Use, Retail, Industrial
Additional Details
Business Included
Yes
Listing Agency:
T Schwartz Group - eXp Realty
Listed By:
Tony Schwartz · License #49410-90
Source:
Crexi
Added: Sep 8
Changed: Nov 1
Last Checked: Nov 1 at 3:30AM
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 T Schwartz Group - eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises a 24,986-square-foot commercial building situated on 2.85 acres and identified by two Suburban Avenue addresses. Its mixed-use profile includes retail-oriented space, while the real estate and the operating flooring business may be acquired together or separately. A separate real estate purchase would result in vacant delivery, allowing the next owner to determine the occupancy plan.
The site has direct visibility from I-94 and sits between White Bear Avenue and Ruth Street in the Saint Paul–Maplewood trade area. The surrounding East Metro area includes retail, service, and healthcare employers and is described as densely populated with established daily traffic activity. The property has been under the same ownership group since 2018 and shows no stated signs of deferred-maintenance distress.
The site has direct visibility from I-94 and sits between White Bear Avenue and Ruth Street in the Saint Paul–Maplewood trade area. The surrounding East Metro area includes retail, service, and healthcare employers and is described as densely populated with established daily traffic activity. The property has been under the same ownership group since 2018 and shows no stated signs of deferred-maintenance distress.
Key Highlights
- 24,986 SF commercial building on 2.85 acres
- Direct I‑94 visibility in the Saint Paul–Maplewood trade area
- Real estate and operating flooring business available together or separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,231
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,044,620
$6.0M
Cap Rate 7%
$4,317,586
$4.3M
Cap Rate 9%
$3,358,122
$3.4M
Market Conditions
NOI Build-Up for 24,986 SF
Gross rent
$449.7K $18.00/SF
− Vacancy
−$18.0K −$0.72/SF
EGI
$431.8K $17.28/SF
− OpEx
−$129.5K −$5.18/SF
NOI
$302.2K $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%
$6,044,620
Cap Rate 7%
$4,317,586
Cap Rate 9%
$3,358,122
Alternative Uses
Best Use
Retail
$4.32M
$3.78M – $5.04M
NOI $302,231 @ 7.0% cap · market cap 6.23%
Second Best
Mixed Use
$4.05M
$3.54M – $4.72M
NOI $283,203 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$5.96M
$5.22M – $6.95M
NOI $417,280 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
306k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 27%
Superstores 25%
Groceries 8%
Target
Superstores
77,348 visits/mo
0.4 miles
McDonald's
Dining
34,533 visits/mo
0.1 miles
Aldi
Groceries
24,395 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
23,701 visits/mo
0.3 miles
Speedway
Shops & Services
17,420 visits/mo
0.4 miles
Demographics for 55119, MN
43,010
Population
16,806
Households
2.6
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
3,258
Density / Sq Mi
$77,870
Median Household Income
$42,860
Median Earnings
$1,351
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property offering retail-oriented space and flexibility for an owner-user or future lease-up strategy.
Where is this mixed-use property located?
The property is located at 1885 & 1891 Suburban Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 24,986 SF commercial building on 2.85 acres; Direct I‑94 visibility in the Saint Paul–Maplewood trade area; Real estate and operating flooring business available together or separately
