635 Fairview N Ave, Saint Paul, MN 55104-1709
This exceptional 5,600 square foot office building, located at 635 Fairview Ave N in Saint Paul, Minnesota, presents a unique investment opportunity. Built in 1946 and fully renovated in 2017, this two-story brick/block structure offers a blend of classic charm and modern functionality. The property is currently vacant, providing immediate occupancy for a new owner or tenant. The building boasts 11 parking spaces, a significant advantage in this bustling area. Situated in the heart of Saint Paul's Midway neighborhood, the property benefits from its proximity to a diverse mix of retail, restaurants, and residential areas. The Midway's central location between Minneapolis and Saint Paul, combined with its high traffic volume, makes this a highly desirable commercial location. The property is zoned i1 and features a total of 5,600 square feet of space, ideal for a variety of office uses, including creative and traditional office setups. The asking price is $849,000, with estimated 2024 property taxes of $19,990. This is a rare opportunity to acquire a fully renovated, well-located office building in a thriving commercial district. The building's size, location, and recent renovation make it an attractive investment for both owner-occupiers and investors seeking a strong return.
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
Q · 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.