Freestanding Restaurant with
616 Como Avenue, Saint Paul, MN 55103
For Sale
Contact for pricing
Renovated restaurant property with commercial land use, full basement, production equipment, and outdoor customer seating.
Property Size6,142 SF
Lot Size0.20 Acres
Price / SF$179.09
Days on Market102
Property Features for 616 Como Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Restaurant
Commercial Hood
Patio
Additional Details
Utilities to Site
Amenities
Rooftop Billboard
Digital Sign Assets
Building Details
Year Built
Year Renovated
Buildings
Abandoned
Listing Agency:
J H Callahan & Associates
Listed By:
Heather Mickelson · License MN #40936165
(952) 484-2856
Source:
Crexi
Added: Aug 4
Changed: Nov 2
Last Checked: Nov 12 at 7:13AM
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 J H Callahan & Associates
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Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 6,142 square feet on a 0.2009-acre corner lot at 616 Como Avenue in St. Paul. The property was built in 1940 and comprehensively renovated in 2010, with two restrooms, central air conditioning, a rubber roof installed in 2017, and a 400-amp, three-phase electrical service. Natural gas service is also present.
Restaurant infrastructure includes exhaust and ventilation systems for pizza ovens, dishwashing, and grill, oven, and fryer equipment, along with a vegetable preparation sink, beer tower, line chiller, and Crown/Tonka walk-in cooler. The full basement has a 7.5-foot ceiling, private office, laundry area, walk-in cooler, and storage. Outdoor improvements include a furnished patio with Wausau tile, illuminated pillars, built-in flower beds, and mature lilac trees. Signage includes a 6’ x 9’ digital sign, two mechanical signs, and a Daktronics electronic sign.
Restaurant infrastructure includes exhaust and ventilation systems for pizza ovens, dishwashing, and grill, oven, and fryer equipment, along with a vegetable preparation sink, beer tower, line chiller, and Crown/Tonka walk-in cooler. The full basement has a 7.5-foot ceiling, private office, laundry area, walk-in cooler, and storage. Outdoor improvements include a furnished patio with Wausau tile, illuminated pillars, built-in flower beds, and mature lilac trees. Signage includes a 6’ x 9’ digital sign, two mechanical signs, and a Daktronics electronic sign.
Key Highlights
- 6,142‑square‑foot freestanding restaurant building on a 0.2009‑acre corner lot
- Commercial County Land Use: Restaurant, Cafeteria, and/or Bar
- Built in 1940 and totally renovated in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,725
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,500
$1.3M
Cap Rate 7%
$953,214
$953.2K
Cap Rate 9%
$741,389
$741.4K
Market Conditions
NOI Build-Up for 6,142 SF
Gross rent
$99.5K $16.20/SF
− Vacancy
−$4.2K −$0.68/SF
EGI
$95.3K $15.52/SF
− OpEx
−$28.6K −$4.66/SF
NOI
$66.7K $10.86/SF
Area
Ramsey County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,500
Cap Rate 7%
$953,214
Cap Rate 9%
$741,389
Alternative Uses
Best Use
Industrial
$953.2K
$834.1K – $1.11M
NOI $66,725 @ 7.0% cap · market cap 6.07%
Second Best
Specialty Retail
$774.9K
$678.0K – $904.0K
NOI $54,241 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,575 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55103, MN
13,874
Population
5,652
Households
2.5
Avg Household Size
32
Median Age
27%
College-Educated
79%
High-School Grad
2.0 sq mi
ZIP Area
6,937
Density / Sq Mi
$47,872
Median Household Income
$35,625
Median Earnings
$1,040
Median Rent
$240,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant property with commercial land use, full basement, production equipment, and outdoor customer seating.
Where is this conventional restaurant located?
The property is located at 616 Como Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,142‑square‑foot freestanding restaurant building on a 0.2009‑acre corner lot; Commercial County Land Use: Restaurant, Cafeteria, and/or Bar; Built in 1940 and totally renovated in 2010
