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    New Single Tenant Retail Building Title is generated by Realmo AI

    879 Fremont Ave, St Paul, MN

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    Single tenant occupied retail building for sale with lease in place.

    Type:RETAIL
    Property size:
    2,000 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $195/SF
    Added:
    Feb 11, 2025
    Days on Market:
    510
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 879 Fremont Ave

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.10 Acres
    Property subtype
    RETAIL

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    Contact an agent
    Michael Fisher
    Michael Fisher

    Listing office Premier Commercial Properties

    Listing date Feb 11, 2025

    Source Moodyscre

    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 Premier Commercial Properties

    HighLights

    • Single tenant occupied building with a lease until June 1, 2028.
    • Tenant handles all maintenance and repairs.
    • Brand new building.
    • Great setup for an investor.
    • 2000 square foot building.
    • Corner site in residential neighborhood.

    Overview

    This is a 2,000 square foot single-tenant occupied retail building available for sale. The property is a brand new building situated on a corner site within a residential neighborhood. It is currently under a 5-year lease that extends until June 1, 2028. The building features exterior cameras and includes two parking stalls located in the back. The tenant is responsible for all maintenance and repairs. This setup is suited for an investor.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $34.1k $17.04
    − Vacancy −$2.7k −$1.33
    EGI $31.4k $15.71
    − OpEx −$9.4k −$4.71
    NOI $22.0k $11.00
    2,000 SF · lease $17.04/SF/yr · vacancy 7.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $314.2K
    $274.9K – $366.6K (±1% cap)
    NOI $21,995 @ 7.0% cap · market cap 5.64%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $497.0K
    $434.9K – $579.8K (±1% cap)
    NOI $34,789 @ 7.0% cap · market cap 8.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Dental Office Law Firm HVAC Service Pharmacy Cafe & Coffee Shop Kitchen & Bath Showroom Electrical Service Bed & Breakfast Cosmetic Store Real Estate Agency

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

    Similar Places Nearby

    • SameDay-FlowerDelivery — 913 payne ave, st paul, mn 55130
    • Bumble Fleur — 713 Minnehaha Ave E Suite 203, St Paul, MN 55106
    • Cub Foods Floral — 892 Arcade St, St Paul, MN 55106
    • Jerry's Roses — 695 Payne Ave, St Paul, MN 55130
    • Floreria Perla — 839 E 7th St #2, St Paul, MN 55106

    Location Insight

    • Map
    • Local Demand
    City
    St Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0633089
    Latitude
    44.9577242

    FAQs

    What type of property is this?
    Storefront property - Single tenant occupied retail building for sale with lease in place.
    Where is this storefront property located?
    The property is located at 879 Fremont Ave St Paul, MN.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Single tenant occupied building with a lease until June 1, 2028.; Tenant handles all maintenance and repairs.; Brand new building.
    (763) 486-8247 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Fisher
    Michael Fisher
    Learn More
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