Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    740-756 Vandalia St Saint Paul, MN 55114

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New industrial building with flexible whitebox suites for creative makers.

    Type:industrial
    Property size:
    8,891 SF
    Added:
    Apr 15, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 14 at 8:30 pm

    Property Features for 740-756 Vandalia St

    General Information

    Standard status
    Active
    Size
    8,891 SF
    Property subtype
    industrial

    Spaces For Lease

    at 740-756 Vandalia St Contact us

    We can help!

    Listing Contact
    Eric Batiza
    Eric Batiza

    Listing agent Eric Batiza License #20340973

    Listing office Minneapolis

    Listing date Apr 15, 2026

    Source Property.jll

    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 Minneapolis

    Overview

    Creative Maker Space in St. Paul

    SPACES @ Midway Mile is a new maker’s space community located in the Midway neighborhood of St. Paul. This industrial building provides move-in ready whitebox suites designed to accommodate the storage and other requirements of creative makers. The property offers flexible whitebox space options with room to grow. Business-friendly gross lease terms are available. The location features an outdoor common patio area and bike storage. Wide common hallways and shared loading docks facilitate shipping and receiving. Breakout areas are located in the common space. New windows provide natural light, complemented by new LED interior lighting. The building includes 14 functional glass roll-up doors and a freshly paved parking lot. The property is within walking distance of area entertainment venues, restaurants, and breweries. The property size is 8891 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ranjits Eats — 398 herschel st, st paul, mn 55104

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1879338
    Latitude
    44.9629374

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      St. Paul Town Square Tower

      445 Minnesota St, Unit 1500, Saint Paul, MN 55101
      View Details
    • $18/mo

      Saint Paul Office Space For Rent

      Lower-level office suite with natural light and pond view.
      3252 Rice St, Saint Paul, MN 55126
      View Details
    • $9/mo

      Turnkey Office Space in St. Paul

      Modern office space suitable for medical, creative, or professional use.
      2375 University Ave W, Saint Paul, MN 55114
      View Details
    • Contact for pricing

      Midway Marketplace Retail Space Available

      Retail space available in Midway Marketplace, 62,008-124,136 SF.
      1400 University Ave W, Saint Paul, MN 55104
      View Details
    • Contact for pricing

      Stand-Alone Office/Commercial Building For Lease

      10,361 SF stand-alone office/commercial building available for lease.
      739 Vandalia St, Saint Paul, MN 55114
      View Details
    • Contact for pricing

      Retail Space For Lease/Sale

      50,094 SF retail space available for lease or sale.
      810 Maryland Avenue East, Saint Paul, MN, 55106
      View Details
    • Contact for pricing

      Saint Paul Office Space Available

      Office space for lease in a multi-tenant building.
      161 Marie Avenue East, Saint Paul, MN, 55118
      View Details
    • Contact for pricing

      Retail Space on Grand Avenue

      Retail space available for lease in St. Paul, Minnesota.
      870 Grand Ave, St Paul, MN 55105
      View Details
    • Contact for pricing

      Prime Commercial Space Near Mears Park

      9,498 RSF vacant commercial space in downtown Saint Paul.
      350 North Sibley Street, Saint Paul, MN, 55101
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      2,075 SF office space in move-in condition for rent.
      84 Wabasha Street South, Saint Paul, MN, 55107
      View Details
    • $21/mo

      West St Paul Office Space

      2,904 SF office space for lease in West St Paul.
      161 Marie Ave E, West St Paul, MN
      View Details
    • Contact for pricing

      Saint Paul Warehouse Space Available

      Warehouse space with railway access and excellent highway access.
      429-475 Prior Ave N, Saint Paul, MN 55104
      View Details

    FAQs

    What type of property is this?
    Flex space - New industrial building with flexible whitebox suites for creative makers.
    Where is this flex space located?
    The property is located at 740-756 Vandalia St Saint Paul, MN.
    What are key features of this property?
    This property features: Flexible whitebox space options with room to grow; Business‑friendly gross lease terms; Unique industrial building tailored to creative makers
    (612) 217-5123
    We can help!
    Listing Contact
    Eric Batiza
    Eric Batiza
    Real Estate License ID: 20340973
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!