Mixed-Use Property with
842 White Bear Ave N, Saint Paul, MN 55106
For Sale
$399,900
Two one-bedroom apartments occupy the upper level, while the building also offers store fixtures and an open basement.
Property Size4,000 SF
Price / SF$99.98
Days on Market13
Property Features for 842 White Bear Ave N
General Information
Standard status
Size
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Partners Realty Inc.
(651) 340-5026
Listed By:
Sia Lor
(651) 983-5692
Source:
Exprealty
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 11:56AM
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 Partners Realty Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a former grocery storefront with two one-bedroom apartments on the upper level. The store is closed, and the sale includes interior trade fixtures such as coolers and shelving. A large, open basement area adds another distinct space within the building.
Key Highlights
- Two one‑bedroom apartments on the upper level
- Seller includes store trade fixtures, including coolers and shelves
- Large open basement area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,325
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,500
$706.5K
Cap Rate 7%
$504,643
$504.6K
Cap Rate 9%
$392,500
$392.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$49.0K $12.24/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$47.1K $11.77/SF
− OpEx
−$11.8K −$2.94/SF
NOI
$35.3K $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%
$706,500
Cap Rate 7%
$504,643
Cap Rate 9%
$392,500
Alternative Uses
Best Use
Retail
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 12.10%
Second Best
Mixed Use
$647.7K
$566.7K – $755.6K
NOI $45,338 @ 7.0% cap · market cap 11.34%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,802 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
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Business Placement
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Market
Properties on Market for Mixed-use properties in Saint Paul
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two one-bedroom apartments occupy the upper level, while the building also offers store fixtures and an open basement.
Where is this mixed-use property located?
The property is located at 842 White Bear Ave N Saint Paul, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two one‑bedroom apartments on the upper level; Seller includes store trade fixtures, including coolers and shelves; Large open basement area
