Technical
Financial
Distress signals
Property profile

433 Mendota E Rd West Saint Paul, MN 55118

OFF-MARKET
Community centers
Property ID
US46-0440568
28,012 SF 5.23 ac lot Built 1987
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Lafayette Square Shopping Center, located at 433 Mendota Rd E in West Saint Paul, Minnesota (zip code 55077), presents a prime retail opportunity in the Minneapolis/St. Paul metro area. This Dakota County property boasts a total of 5,340 square feet, currently 100% vacant and available for lease. The center offers flexible space options, with a minimum divisible unit of 1,100 square feet and a maximum contiguous space of 2,200 square feet, allowing for adaptability to various retail needs. The property benefits from high visibility and convenient access, situated directly off Highway 52 (Lafayette Freeway) and just north of I-494. This ensures excellent exposure to a substantial customer base. The surrounding area is a thriving mix of professional offices, residential apartments, and single-family homes, providing a strong and diverse potential customer demographic. The center enjoys a strong tenant mix, including established businesses such as Marathon Gas, Jean's Soul Food Program, Wiggles & Wags Pet Salon, Iron Sups, Farmers Insurance, Blvd Bar & Grille, Frutilandia, and the Village Market. Ample parking is available with 115 spaces to accommodate customers and employees. This is an exceptional opportunity for retailers seeking a well-located and established shopping center in a high-traffic area.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1987
Construction CONCRETE
Total area 28,012 SF
Lot 5.23 ac (227,819 SF)
Zoning code R
APN 42-44250-02-030
UPID US46-0440568

Cap rate & NOI

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

Location

433 Mendota E Rd West Saint Paul, MN 55118-5104
West Saint Paul metro Census 60105 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$3.14M

Owner & transaction history

since 2017
3 recorded transactions
2017
$3.0M
2017
$1.9M
2006
$3.0M

Zoning & alternative use

R · West 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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