Property for Sale in Saint Paul
883 Payne Avenue
Saint Paul, MN 55130
Property Details
Year Built
1906
Square Feet
12,156
Parking Features
Paved Lot
Zoning
Business/Commercial
2025 Property Taxes
$22,870
School District
St. Paul
County
Ramsey
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.
94 to Mounds Blvd, 7th St to Payne Ave
Features
Utilities
None Available
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
William Schultz of Keller Williams Premier Realty
Listed
03/04/26 and last updated 03/07/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
