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    1955 University Ave Saint Paul, MN 55104

    Sponsored
    For Lease
    $18 SF/Yr

    Midway location, renovated office space

    Lot size:
    15,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 15,696 square foot office building, situated at 1955 University Ave W in Saint Paul, Minnesota, presents a compelling investment opportunity. Built in 1980 and extensively renovated in 2016, the property boasts 18 suites, with 2,134 square feet currently vacant, offering a range of spaces from 293 to 1,081 square feet, ideal for entrepreneurs, startups, or established businesses. The building features ample on-site parking with 32 spaces. Its prime location on University Avenue, at the corner of Prior Avenue N, benefits from high visibility, being directly across from a Menards and just one block from the Fairview Green Line Metro station, providing convenient access to public transportation. The recent exterior repainting and interior renovation ensure a fresh, clean, and functional workspace. The property sits on a 0.64-acre lot in the Midway submarket cluster of Ramsey County, with easy access to Highway 280 and I-94. The building is classified as Class C and includes a first-floor retail space and a second-floor office area. The property's address is 33-29-23-24-0079 (APN). This is a rare chance to acquire a well-maintained, conveniently located office building in a thriving area of Saint Paul.

    Property Features for 1955 University Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,696 SF
    Class
    C
    Total Rate
    24472.68

    Building Details

    Year Built/Renovated
    1980/2016
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 201
    Size
    515 SF
    Rate per SF
    $20
    Space
    Suite 210
    Size
    1,081 SF
    Rate per SF
    $18
    Space
    Suite 206
    Size
    538 SF
    Rate per SF
    $18
    Space
    Suite 217
    Size
    293 SF
    Rate per SF
    $21
    Space
    Suite 207
    Size
    538 SF
    Rate per SF
    $20
    Space
    Suite 205
    Size
    482 SF
    Rate per SF
    $19

    HighLights

    • High‑visibility, easily accessible location.
    • Ample on‑site parking.
    • Secure building with controlled access.
    • Affordable small and medium‑sized office suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1822872
    Latitude
    44.95792648

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    FAQs

    What type of property is this?
    Office Property / Space - Midway location, renovated office space
    Where is this office property / space located?
    The property is located at 1955 University Ave Saint Paul, MN.
    What is the lease rate?
    The lease rate is $18-$21 SF/Yr.
    What are key features of this property?
    This property features: High-visibility, easily accessible location.; Ample on-site parking.; Secure building with controlled access.
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    Realmo Value Estimation

    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.

    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.

    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
    1955 University Ave Saint Paul, MN 55104
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