Property profile

2233 Energy Park Dr Saint Paul, MN 55108

OFF-MARKET
Strip malls
Property ID
US46-0763169
10,000 SF 1.44 ac lot Built 1991
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Park Crossing, a single-story, 10,000 square foot retail center built in 1991, offers a 1,193 square foot vacant space ideal for a bakery or similar retail use. Located at 2233 Energy Park Dr, Saint Paul, MN 55108, this property benefits from its location in the St. Anthony Park neighborhood, near the University of Minnesota's St. Paul campus and within a half-mile of Highway 280. The center enjoys high visibility at the corner of Energy Park Drive and Raymond Avenue, and benefits from significant traffic generated by two million square feet of nearby office space. Park Crossing features a design that complements the surrounding residential community, using clapboard siding, white trim, and a pitched roof. The center is anchored by Winner Gas and Bruegger's Bagels and boasts several long-term tenants, demonstrating its appeal and stability. Ample parking is available with a ratio of 6.8 spaces per 1,000 square feet. This opportunity presents a chance to establish a business in a thriving, well-established retail center within a desirable Saint Paul neighborhood in Ramsey County.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Total area 10,000 SF
Lot 1.44 ac (62,726 SF)
Zoning code Q
APN 29-29-23-12-0080
UPID US46-0763169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2233 Energy Park Dr Saint Paul, MN 55108-1533
Saint Paul metro Census 31900 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.36M
Comparable Approach Comparable
by Request
Blend (final) Blend
$995k

Owner & transaction history

5 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Q · Saint Paul, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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