For Sale Commercial MLS# 6808068

883 Payne Avenue

Saint Paul, MN 55130

$1,495,000

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About 883 Payne Avenue

Prime Payne Ave mixed-use opportunity with income now and upside later. 883 Payne Ave offers 7 total units including two street-level restaurant suites plus five apartments, all complemented by a rare on-site parking lot. Current operations generate $192,792 in gross/effective income with $88,315 NOI, and pro forma projections support $214,200 income and $109,723 NOI through improved rents and continued stabilization. High-visibility corridor location with long-term flexibility for investors seeking strong cash flow, value-add potential, and future redevelopment optionality. All tours require proof of funds and/or approval of financing. No same-day tours.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1906
Stories
Two
Living area
12,156 sqft
Price / sqft
$123
Lot
0.25
Original price
$1,495,000
MLS #
6808068

Interior

Features
Boiler
Heating
Boiler

Exterior & lot

Features
Stucco, Paved Lot
Construction
Two, Block
Foundation
Block
Lot
292922420189, Commercial, Residential, Restaurant
Parking
Paved Lot

Schools

District
St. Paul Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$22,870
Tax year
2025
Parcel
292922420189

Location

Subdivision
Chas Weides Sub Of B35 Arling
County
Ramsey
Neighborhood
Payne-Phalen
Community
Ramsey, northstar, St. Paul
Directions
94 to Mounds Blvd, 7th St to Payne Ave

Location

Neighborhood
Payne-Phalen
Subdivision
Chas Weides Sub Of B35 Arling
School district
St. Paul Public School District

Ask about this property

Questions on 883 Payne Avenue, Saint Paul, MN 55130, or want to see it in person?

Listed by William Schultz, Keller Williams Premier 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.