515 Snelling N Ave Saint Paul, MN 55104-2331
This 4,176 square foot retail property, located at 515 Snelling Ave N in Saint Paul, Minnesota, presents a compelling investment opportunity. Currently vacant, this two-story Class D building is zoned T2 - Traditional Neighborhood, offering flexibility for various retail uses. Previously operating as a convenience store, the space could be easily subdivided to create two separate retail units. The property features a single-level storefront with a full basement, and is situated near a busy intersection in the Twin Cities metro area, at University Ave & Snelling Ave. Street parking is readily available, supplemented by additional parking in the rear alley. The property's proximity to the Allianz Field redevelopment project further enhances its potential. The asking price is $292,320, translating to $70.00 per square foot. The property's parcel number (APN) is 33-29-23-14-0054. This owner/user investment opportunity is priced to sell and offers significant upside potential given its location and zoning. The property's condition is described as average.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M · Saint Paul, MNSaint Paul. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.