Restaurant Property with High-End
973 Smith Ave S West St Paul, MN
For Sale
Contact for pricing
Restaurant property built out in 2019 with high-end finishes.
Property Size6,834 SF
Lot Size0.18 Acres
Price / SF$204.71
Days on Market247
Property Features for 973 Smith Ave S
General Information
Standard status
Active
Size
6,834 SF
Lot size
0.18 Acres
Property subtype
RETAIL
Listing Agency:
Colliers
(612) 310-5399
Listed By:
Laura Gill
(612) 310-5399
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 10
Last Checked: Jul 21 at 8:10AM
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 Colliers
Investment Insights
Based on property information with market context.
This is a rare restaurant property that was built out in 2019 with high-end finishes and equipment. The property is a 6,834 square foot storefront, originally built in 1948, that was transformed into a chef-driven eatery. The property shows meticulous pride of ownership. It is a short drive to Excel Energy Center, the Ordway, and the Palace Theater. The property may present an opportunity for a shuttle service to events.
Key Highlights
- Fully equipped, high‑end restaurant build‑out completed in 2019.
- Prime location near Excel Energy Center, Ordway, and Palace Theater.
- Opportunity for shuttle service to events.
Financial Insights For Specialty 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 | $123.0k | $18.00 |
| − Vacancy | −$4.8k | −$0.70 |
| EGI | $118.2k | $17.30 |
| − OpEx | −$29.6k | −$4.32 |
| NOI | $88.7k | $12.97 |
6,834 SF · lease $18.00/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,661 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$1.03M
$900.9K – $1.20M
NOI $72,073 @ 7.0% cap · market cap 5.15%
Theoretical Best
Healthcare Medical
$1.68M
$1.47M – $1.96M
NOI $117,722 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property built out in 2019 with high-end finishes.
Where is this restaurant located?
The property is located at 973 Smith Ave S West St Paul, MN.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Fully equipped, high‑end restaurant build‑out completed in 2019.; Prime location near Excel Energy Center, Ordway, and Palace Theater.; Opportunity for shuttle service to events.
