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Two-Suite Office Building
For Sale
$375,000

640 Smith Avenue S, Saint Paul, MN 55107

Commercial Sale, Saint Paul, MN

Property Size5,279 SF
Lot Size0.07 Acres
Price / SF$71.04
Days on Market165

Property Features for 640 Smith Avenue S

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Basement, Bathroom 2, Bathroom 3
Parking features Driveway, On Street
Window features Aluminum Frames
Exterior features Stucco, Vinyl, Wood
Subdivision Princes Rearrangement Etc
Lot features Public Transit (w/in 6 blks), Corner Lot
High school district St. Paul
Directions Annapolis Street to Smith Avenue, go North on Smith to property on the corner of Smith and Baker
Standard status Active
APN 072822320003
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 8296

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1911
Roof type Flat
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Steve Casalenda · License #20517646
Added: Apr 13 Changed: Sep 24 Last Checked: Sep 24 at 3:06PM
MLS# 7052542

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.

This 5,279-square-foot office building contains two separately configured suites, with 2,592 square feet on the main level and 2,687 square feet below grade. One suite includes approximately 1,400 finished square feet, separate restrooms, a utility room, storage, and access to a loading area. The other provides approximately 1,000 finished square feet. The full lower level is currently used for storage, adding functional support space to the office layout.

Located at 640 Smith Avenue S in Saint Paul, the property occupies a 3,165-square-foot lot and is zoned B2 for small business use under 10,000 square feet. Built in 1911, the building has stucco, vinyl, and wood exterior elements, a flat roof, forced-air heat, central air, and parking available on the street and in the driveway. Both suites are expected to be vacant by May 2026.

Key Highlights

  • 5,279 SF office building with 2,592 SF on the main level and 2,687 SF in the lower level
  • Two separately configured office suites, approximately 1,400 SF and 1,000 SF
  • B2 zoning for small business use under 10,000 SF

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Nail Salon Pharmacy Grocery & Convenience Store Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby

Demographics for 55107, MN

15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - B2-zoned office property with two suites, lower-level storage, and on-street and driveway parking.
Where is this office building located?
The property is located at 640 Smith Avenue S Saint Paul, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,279 SF office building with 2,592 SF on the main level and 2,687 SF in the lower level; Two separately configured office suites, approximately 1,400 SF and 1,000 SF; B2 zoning for small business use under 10,000 SF
More about this property
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