635 Fairview N Ave Saint Paul, MN 55104-1709
Property profile & analytics
635 Fairview N Ave Saint Paul, MN 55104-1709
- Office buildings
- 5,660 SF
- 0.22 lot acres
Property ID
US46-1125896
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 635 Fairview N Ave
- Year built
- 1946
- Lot size
- 0.22 lot acres
- Property size
- 5,660 SF
- Zone code
- Q
- Property type
- Office buildings
- APN
- 33-29-23-21-0004
- APU
- 332923210004
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,195,000
- 6.5%
- $1,105,000
- 7%
- $1,025,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $690,000
Market price range: $461k - $954k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $620,000 Current use
- RESTAURANT
- $1,195,000 Change: +93% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,145,000 Change: +85% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $950,000 Change: +53% Conversion: Difficult
- MEDICAL BUILDING
- $835,000 Change: +35% Conversion: Easy
- WAREHOUSE, STORAGE
- $650,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $580,000 Change: -7% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $560,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1776
- Latitude
- 44.9604
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,134
$67,500
$579,200
$646,700
-
$67,500
$579,200
$646,700
