883 Payne Avenue Saint Paul, MN $ 1,495,000
883 Payne Avenue
$ 1,495,000
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883 Payne Avenue

Saint Paul, MN, 55130
$ 1,495,000
Bedrooms5 Baths4.0 Sq 12,156

Monthly Estimate*

$ 10,326

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Commercial Property for sale in Saint Paul, MN

for $1,495,000 with 5 bedrooms and 4 full baths. This 12,156 square foot building was built in 1906 on a lot size of 0.24573.

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.

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Commercial Active

Price

$ 1,495,000

Bedrooms

5

Full Bath

4

Property Type

Commercial

Taxes

$ 22,870

Style

Lot Size

0.24573

Year Built

1906

Town/City

Saint Paul

County/Region

Ramsey

MLS | Web ID

6808068

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities None Available
Garage Spaces 0
Year Built 1906
Levels Two
Tax Year 2025
Current Use Commercial Residential Restaurant
Gross Income 192792
Accessibility Other
County Ramsey
Net Operating Income 88315
Operating Expense 104477
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Chas Weides Sub Of B35 Arling
Directions 94 to Mounds Blvd 7th St to Payne Ave
City Saint Paul
High School District St. Paul
Zoning Description Business/Commercial
Number Of Units Total 7
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 22870
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Paved Lot
Water Source City Water/Connected
Inclusions Land
Lot Size Area 10704
Building Area Total 12156
Lot Dimensions 75 x 80
Waterfront Y/N N
Foundation Area 5460
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Interior
Basement (Y/N) N
Total Bedrooms 5
Total Baths 4
Fuel Natural Gas
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Internal Only
Street Number 1 883
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* Excluded Features
List By
Keller Williams Premier Realty

Broker

william.schultz@kw.com

Email

Affordability Calculator

$12,231
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,326
Monthly Property Taxes
$1,906
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709337 Elementary School
708288 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$1,495,000 Listed Price

Map


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883 Payne Avenue, Saint Paul, MN, 55130 is a Commercial Property for sale at $1,495,000 with 12,156 sqft and a lot size of 0.24573. 883 Payne Avenue has 5 bedrooms, 4.0 baths, and was built in 1906. The property's zip code is 55130 which is in Saint Paul, MN