Saint Paul, MN 55130 883 Payne Avenue
$1,495,000
29 more
Presented By: Keller Williams Premier Realty
Beds • 5
Baths • 4
SQFT • 12,156
Home Details
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.
Presented By: Keller Williams Premier Realty
Interior Features for 883 Payne Avenue
Bedrooms
Total Bedrooms5
Bathrooms
Total Baths4
Other Interior Features
Basement (Y/N)Yes
FuelNatural Gas
General for 883 Payne Avenue
AccessibilityOther
Additional Parcels Y/NNo
CitySaint Paul
ContingencyNone
CountyRamsey
Current UseCommercial, Residential, Restaurant
Directions94 to Mounds Blvd, 7th St to Payne Ave
Garage Spaces
Gross Income192792
HeatingBoiler
High School DistrictSt. Paul
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsSquare Feet
Net Operating Income88315
New ConstructionNo
Number Of Units Total7
Operating Expense104477
PostalCitySaint Paul
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameChas Weides Sub Of B35 Arling
Tax Annual Amount22870
Tax Year2025
UtilitiesNone Available
Year Built1906
Zoning DescriptionBusiness/Commercial
Exterior for 883 Payne Avenue
Building Area Total12156
Foundation Area5460
InclusionsLand
Lot Dimensions75 x 80
Lot Size Area10704
Parking FeaturesPaved Lot
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent