Properties For Sale

at 2597 Cleveland Ave N

5,619 SF Industrial/Office/Retail Space For Lease AVAILABLE

Floor 1

Size 5,619 SF

Type INDUSTRIAL

Sublease No

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Listing Agency: Stack Industrial Partners Show Phone

Listed By: Chris Weirens Show Phone

Source: Moodyscre

Added: Aug 4, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:38AM

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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 Stack Industrial Partners

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 8,766 square foot building features a combination of office and flex space. The first floor comprises 5,619 square feet, which will be available as the current lease expires in February 2027, with the tenant willing to terminate early. The second floor is currently leased to two office tenants, with lease details available upon request.

Key Highlights

• Building Size: 8,766 SF
• 1st Floor: 5,619 SF (Tenant will Terminate Early)
• 1st Floor Lease Expires Feb 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,095

Cap Rate

5.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,081,900 $2.1M

Cap Rate 7%

$1,487,071 $1.5M

Cap Rate 9%

$1,156,611 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,766 SF

Gross rent

$192.5K $21.96/SF

− Vacancy

−$53.7K −$6.13/SF

EGI

$138.8K $15.83/SF

− OpEx

−$34.7K −$3.96/SF

NOI

$104.1K $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%

$2,081,900

Cap Rate 7%

$1,487,071

Cap Rate 9%

$1,156,611

Alternative Uses

Best Use

Office B

$1.49M

$1.30M – $1.73M (±1% cap)

NOI $104,095 @ 7.0% cap · market cap 5.34%

Second Best

Industrial

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,231 @ 7.0% cap · market cap 4.88%

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,397 @ 7.0% cap · market cap 7.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store Catering Service Home Appliance Store Pet Grooming Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

726

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - 8,766 SF building with office and flex space available.

Where is this office unit located?

The property is located at 2597 Cleveland Ave N Roseville, MN.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Building Size: 8,766 SF; 1st Floor: 5,619 SF (Tenant will Terminate Early); 1st Floor Lease Expires Feb 2027