$1,495,000

883 Payne Avenue, Saint Paul MN, 55130

Price per sqft$122.98

Built in1906

Property size12,156 sqft

Property typeCommercial

Courtesy of Keller Williams Premier Realty, William Schultz Listing Contact:

Overview

Active

Listed Mar 4, 2026

Updated 3 days ago

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.

Additional information

MLS^® ID: 6808068

Interior Features

Bedrooms: 5
Bathrooms: 4
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.25 Acres

Other Property Details

Taxes: $22,870
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 2:50 AM UTC on 9/14/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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