Freestanding Restaurant with
For Sale
$1,100,000
616 Como Avenue, Saint Paul, MN 55103
Commercial Sale, Saint Paul, MN
Property Size6,142 SF
Lot Size0.20 Acres
Price / SF$179.09
Days on Market68
Property Features for 616 Como Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Offsite, Parking Lot
Patio and Porch features
Patio
Subdivision
Denslows Add To The, City
Lot features
Corner Lot
High school district
St. Paul
Directions
94W to Dale Street
Standard status
Active
APN
252923320057
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21792
Utilities
Heating system
Oil
Cooling system
Central Air
Amenities
Income Generating Roof Top Billboard
Building Details
Year built
1940
Roof type
Rubber
Listing Agency:
J H Callahan & Associates
(651) 455-8858
Listed By:
Heather Mickelson · License #40936165
(952) 484-2856
Added: Aug 4
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 7121214
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 freestanding restaurant building contains 6,142 square feet on a 0.2009-acre corner lot. Built in 1940, it underwent a full renovation in 2010. A full basement with a 7.5-foot ceiling includes a walk-in cooler, office, laundry area, and storage. The property also has two restrooms, central air conditioning, 400-amp three-phase electrical service, natural gas, and a rubber roof installed in 2017 with a 25-year warranty.
Restaurant equipment includes three exhaust hood and ventilation systems, a vegetable prep sink, beer service equipment, a Crown/Tonka walk-in cooler, and a bulk CO2 tank. Outdoor features include a patio with furnishings, illuminated pillars, built-in flower beds, and lilac trees along the corner lot. Signage assets include a 6' x 9' digital sign, a Daktronics electronic sign, and two mechanical signs. County land use identifies restaurant, cafeteria, and bar uses; the property is commercially zoned.
Restaurant equipment includes three exhaust hood and ventilation systems, a vegetable prep sink, beer service equipment, a Crown/Tonka walk-in cooler, and a bulk CO2 tank. Outdoor features include a patio with furnishings, illuminated pillars, built-in flower beds, and lilac trees along the corner lot. Signage assets include a 6' x 9' digital sign, a Daktronics electronic sign, and two mechanical signs. County land use identifies restaurant, cafeteria, and bar uses; the property is commercially zoned.
Key Highlights
- 6,142‑square‑foot building on a 0.2009‑acre corner lot
- Full basement with 7.5' ceiling, walk‑in cooler, office, laundry area, and storage
- 400‑amp, three‑phase electrical service and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,241
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,820
$1.1M
Cap Rate 7%
$774,871
$774.9K
Cap Rate 9%
$602,678
$602.7K
Market Conditions
NOI Build-Up for 6,142 SF
Gross rent
$75.2K $12.24/SF
− Vacancy
−$2.9K −$0.47/SF
EGI
$72.3K $11.77/SF
− OpEx
−$18.1K −$2.94/SF
NOI
$54.2K $8.83/SF
Area
Ramsey County, MN
Vacancy
3.80%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,820
Cap Rate 7%
$774,871
Cap Rate 9%
$602,678
Alternative Uses
Best Use
Specialty Retail
$774.9K
$678.0K – $904.0K
NOI $54,241 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
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.
Property Analytics
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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
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 68%
Shops & Services 32%
Kendall's Ace Hardware & Paint
Home Improvements & Furnishings
5,861 visits/mo
0.0 miles
BP
Shops & Services
2,718 visits/mo
0.1 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial zoning and county land-use classification include restaurant, cafeteria, and bar uses.
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 building on a 0.2009‑acre corner lot; Full basement with 7.5' ceiling, walk‑in cooler, office, laundry area, and storage; 400‑amp, three‑phase electrical service and natural gas
