Property for Sale in Saint Paul
883 Payne Avenue
Saint Paul, MN 55130

Price
$1,495,000

MLS #
6808068

Status
Active


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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


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

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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.

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