Two-Story Retail Building For
For Sale
Contact for pricing
285 Snelling Ave N, Saint Paul, MN 55104
Two-story retail building and adjoining land are offered for sale with specified restricted uses.
Property Size14,950 SF
Lot Size0.58 Acres
Price / SF$200.67
Days on Market453
Property Features for 285 Snelling Ave N
General Information
Standard status
Active
Size
14,950 SF
Lot size
0.58 Acres
Property subtype
RETAIL
Building Details
Stories
2
Listing Agency:
Cushman & Wakefield
(612) 730-7773
Listed By:
Thomas Martin
(612) 730-7773
Source:
Moodyscre
Added: May 5, 2025
Changed: Jul 28
Last Checked: Jul 30 at 9:30AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
For sale: a two-story retail building plus adjoining land at 285 Snelling Ave N in St Paul, MN. The offering includes 14,950 SF of building space and 25,470 SF of land.
The property is subject to use restrictions, including prohibitions on a C-store, car wash, coffee uses, and dollar store concepts. The seller has identified the restrictions as part of the available-use conditions for the site.
The property is subject to use restrictions, including prohibitions on a C-store, car wash, coffee uses, and dollar store concepts. The seller has identified the restrictions as part of the available-use conditions for the site.
Key Highlights
- 14,950 SF, 2‑story retail building available
- 25,470 SF adjoining land included
- Restricted uses: no C‑store, car wash, coffee, or dollar store
Financial Insights For Retail
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 | $269.1k | $18.00 |
| − Vacancy | −$43.9k | −$2.93 |
| EGI | $225.2k | $15.07 |
| − OpEx | −$67.6k | −$4.52 |
| NOI | $157.7k | $10.55 |
14,950 SF · lease $18.00/SF/yr · vacancy 16.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,666 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.68M
$3.22M – $4.29M
NOI $257,529 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
BP
Shops & Services
10,805 visits/mo
0.5 miles
Pizza Hut
Dining
1,450 visits/mo
0.5 miles
Demographics for 55104, MN
45,612
Population
20,358
Households
2.2
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
7,602
Density / Sq Mi
$75,038
Median Household Income
$42,770
Median Earnings
$1,159
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail building and adjoining land are offered for sale with specified restricted uses.
Where is this retail space located?
The property is located at 285 Snelling Ave N Saint Paul, MN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 14,950 SF, 2‑story retail building available; 25,470 SF adjoining land included; Restricted uses: no C‑store, car wash, coffee, or dollar store
