2375 University Avenue W, Saint Paul, MN 55114
Commercial - Saint Paul, MN
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 4:06 pm
Property Features for 2375 University Avenue W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Offsite, Parking Lot, Secured
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 292923430058
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 51866
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1930
- Architectural style
- Other
Listing agent Mark K Hulsey (651) 755-2068
Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN (952) 829-2900
Listing date Jun 15, 2026
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
- 15,120 SF two‑level building with 21 rear‑lot parking spaces plus additional surrounding parking
- Zoned T3 (Traditional Neighborhood) with permitted uses including commercial, residential, office, retail, and mixed‑use
- Office suites available for owner occupants: 3,203 SF and 5,115 SF
- High‑visibility frontage on University Ave W in St. Paul with 14,249 vehicles per day
- Brick/stone exterior with forced‑air heating and secured parking lot
- Building built in 1930; current tenants include ThinkSelf Inc., Home Group Inc., New Light Center LLC, Rise Inc., and others
Overview
Located at 2375 University Avenue W in Saint Paul, the building offers high visibility on University Ave W, with 14,249 vehicles per day reported for the corridor. The listing notes convenient access to I-94 and a centrally located position within the Twin Cities metro, with accessibility by bus lines and light rail as well.
For buyers or owner-occupants, the building offers flexibility with two suites currently identified as available, totaling 3,203 SF and 5,115 SF. Current tenants include ThinkSelf Inc., Home Group Inc., New Light Center LLC, Rise Inc., Keystone Interpreting Solutions Inc., Landmark Piano LLC, and Pete’s Mobile of MN LLC. The property has been exceptionally maintained and remodeled under current ownership, and it is positioned as a potential 1031 exchange replacement property.
Local Financial Insights For Office B
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 | $337.5k | $22.32 |
| − Vacancy | −$87.4k | −$5.78 |
| EGI | $250.1k | $16.54 |
| − OpEx | −$62.5k | −$4.13 |
| NOI | $187.6k | $12.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.196867
- Latitude
- 44.964106
