For Sale Commercial MLS# 7127982

860 University Avenue W

Saint Paul, MN 55104

$1,250,000

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About 860 University Avenue W

A rare opportunity to own the real estate, an established operating restaurant, and five income producing residential units — all in one! This well-established University Avenue property has been family owned and operated since 1986 with the big-ticket improvements are already done: roof replaced within the last 5 years, exterior siding improvements, updated commercial kitchen, new hood system, and two commercial freezers make this an exceptional turnkey opportunity from day one. Zoned T2 with flexible zoning and light rail access right at the doorstep, this 5,008 SF building sits on a high-traffic stretch of University Avenue with multiple income streams and long-term upside. Whether you're an owner-operator running the restaurant yourself or an investor collecting rent, this property delivers strong income potential. Step into an established business with loyal clientele, five leased residential units producing steady cash flow, and major capital expenditures already behind you.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1914
Stories
Two
Living area
5,008 sqft
Price / sqft
$250
Lot
0.101
Original price
$1,250,000
MLS #
7127982

Interior

Features
Boiler, Full, Stainless Steel Appliances
Appliances
Stainless Steel Appliances
Heating
Boiler

Exterior & lot

Features
Stone, Parking Lot
Construction
Two, Poured Concrete
Foundation
Poured Concrete
Lot
352923310109, Restaurant
Parking
Parking Lot

Schools

District
St. Paul Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common, Heating Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$9,994
Tax year
2025
Parcel
352923310109

Location

Subdivision
Milton Add
County
Ramsey
Neighborhood
Summit-University
Community
Ramsey, northstar, St. Paul
Directions
I-35W or I-35E - exit University Ave ? connect to University Ave W, head to Victoria St S. Corner of University Ave W & Victoria St S. Green Line runs right along it.

Location

Neighborhood
Summit-University
Subdivision
Milton Add
School district
St. Paul Public School District

Ask about this property

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Listed by Deanna Doyle, Coldwell Banker Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.