Office Building with Available
For Sale
$2,250,000
2375 University Avenue W, Saint Paul, MN 55114
Commercial Sale, Saint Paul, MN
Property Size15,120 SF
Lot Size0.43 Acres
Price / SF$148.81
Days on Market121
Property Features for 2375 University Avenue W
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business/Commercial
Parking features
Parking Lot, Offsite, Secured
Accessibility
Accessible Approach with Ramp
Subdivision
Hewitts Out Lts
High school district
St. Paul
Directions
I-94 to Vandalia St, West on University Ave
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
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 251-4800
Listed By:
Mark K Hulsey · License #40169559
(952) 829-2900
Added: Jun 15
Changed: Oct 8
Last Checked: Oct 13 at 5:06PM
MLS# 7093329
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.
Investment Insights
Based on property information with market context.
The two-level office property contains 15,120 SF on a 0.427-acre site. Interior finishes are contemporary, and the building has been remodeled during current ownership. Two suites, measuring 3,203 SF and 5,115 SF, are available. 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 fronts University Ave W, which carries 14,249 vehicles per day, and is accessible from I-94. Bus service and light rail are available on University Ave. The surrounding area includes bars, restaurants, coffee shops, and fast food options.
T3 zoning permits commercial, residential, office, retail, and mixed-use options. Parking includes 21 spaces in the rear lot, with additional parking around the building.
The property fronts University Ave W, which carries 14,249 vehicles per day, and is accessible from I-94. Bus service and light rail are available on University Ave. The surrounding area includes bars, restaurants, coffee shops, and fast food options.
T3 zoning permits commercial, residential, office, retail, and mixed-use options. Parking includes 21 spaces in the rear lot, with additional parking around the building.
Key Highlights
- 15,120 SF across two levels on a 0.427‑acre site
- Two available suites: 3,203 SF and 5,115 SF
- T3 zoning permits commercial, residential, office, retail, and mixed‑use options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,548
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,590,960
$3.6M
Cap Rate 7%
$2,564,971
$2.6M
Cap Rate 9%
$1,994,978
$2.0M
Market Conditions
NOI Build-Up for 15,120 SF
Gross rent
$332.0K $21.96/SF
− Vacancy
−$92.6K −$6.13/SF
EGI
$239.4K $15.83/SF
− OpEx
−$59.8K −$3.96/SF
NOI
$179.5K $11.87/SF
Area
Ramsey County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,590,960
Cap Rate 7%
$2,564,971
Cap Rate 9%
$1,994,978
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.99M
NOI $179,548 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,512 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 55114, MN
5,012
Population
2,806
Households
1.8
Avg Household Size
29
Median Age
67%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
3,855
Density / Sq Mi
$65,236
Median Household Income
$52,738
Median Earnings
$1,588
Median Rent
$296,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - T3 zoning allows commercial, residential, office, retail, and mixed-use options.
Where is this office building located?
The property is located at 2375 University Avenue W Saint Paul, MN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 15,120 SF across two levels on a 0.427‑acre site; Two available suites: 3,203 SF and 5,115 SF; T3 zoning permits commercial, residential, office, retail, and mixed‑use options
