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Restaurant with Private Event Space
New
For Lease
$13,333/Mo

498 Selby Ave, Saint Paul, MN 55102

A two-level restaurant layout pairs a fully equipped kitchen with a separate upper floor and outdoor dining areas.

Space SizeContact for details
Days on Market4

Property Features for 498 Selby Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $31,700
Listing Agency: Keller Williams Premier Realty Lake Minnetonka
Listed By: Thomas Hudock
Source: Exprealty
Added: Sep 28 Changed: Sep 30 Last Checked: Sep 30 at 2:59PM

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 Keller Williams Premier Realty Lake Minnetonka

Investment Insights

Based on property information with market context.

This updated, 140-year-old former firehouse is configured for restaurant use across two levels. The main floor contains a bar and dining area, a 25+ tap back bar, and a fully equipped commercial kitchen. Upstairs, a separate space has its own restrooms, a catering kitchen, and a gas fireplace, offering another area for dining or gatherings. Historic details include exposed brick, hardwood floors, coffered ceilings, and large windows.

Outdoor areas include a deck and patio with a brick fireplace. A private parking lot serves the property, which is located in Saint Paul’s Cathedral Hill neighborhood.

Key Highlights

  • Updated restaurant space in a 140‑year‑old former firehouse
  • Main‑level bar and dining room with a 25+ tap back bar
  • Fully equipped commercial kitchen plus an upstairs catering kitchen

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Computer & Electronic Repair Accounting Firm Electrical Service

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,330
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Beauty & Spa 100%
Sola Salon Studios Beauty & Spa
2,715 visits/mo 0.4 miles

Demographics for 55102, MN

20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - A two-level restaurant layout pairs a fully equipped kitchen with a separate upper floor and outdoor dining areas.
Where is this conventional restaurant located?
The property is located at 498 Selby Ave Saint Paul, MN.
What is the lease rate?
The lease rate is $13,333/Mo.
What are key features of this property?
This property features: Updated restaurant space in a 140‑year‑old former firehouse; Main‑level bar and dining room with a 25+ tap back bar; Fully equipped commercial kitchen plus an upstairs catering kitchen
More about this property
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