883 Payne Avenue, St Paul, MN
$1,495,000
5
Beds
4
Baths
12,156
Square feet
10704.00
Acres
About 883 Payne Avenue
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.
Features of 883 Payne Avenue
| MLS® # | 6808068 |
|---|---|
| Price | $1,495,000 |
| Square Footage | 12,156 |
| Acres | 10,704.00 |
| Year Built | 1906 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 883 Payne Avenue |
|---|---|
| Area | 98 |
| Subdivision | Chas Weides Sub Of B35 Arling |
| City | St Paul |
| County | Ramsey |
| State | MN |
| Zip Code | 55130 |
Amenities
| Utilities | None Available |
|---|---|
| Parking | Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Stucco |
|---|
School Information
| District | St. Paul |
|---|
Additional Information
| Zoning | Business/Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $22,870 |
| Tax Year | 2025 |
| Office | Keller Williams Premier Realty |
Listing Details
| Office | Keller Williams Premier Realty |
|---|