883 Payne Avenue, Saint Paul, Minnesota 55130

MN, Saint Paul
$1,495,000
  • 5 Beds
  • 4 Bath
  • Commercial Sale Property Type
  • 1906 Year Built
  • Active Status
See All 34 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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.

Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6808068
  • Price: $1,495,000
  • Year Built: 1906
  • Listing Status: Active
  • Office Name: Keller Williams Premier Realty
Features
  • Heating System Boiler
  • Parking Paved Lot
  • Utilities None Available
  • Exterior Features Stucco
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Ramsey
  • City Saint Paul
  • Zipcode 55130
  • Street: Payne
  • Street Number: 883
  • Street Suffix: Avenue
  • Longitude: W94° 55' 34.2''
  • Latitude: N44° 58' 4.3''
  • Directions: 94 to Mounds Blvd, 7th St to Payne Ave
Neighborhood
  • High School District: St. Paul
MLS Addon
  • Office Name: Keller Williams Premier Realty
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: Other
  • Building Size: 12156
  • Current Use: Residential,Commercial,Restaurant
  • Foundation Details: Block
  • Levels: Two
  • Lot Size Dimensions: 75 x 80
  • Number Of Units Total: 7
Financial
  • Tax Annual Amount: 22870
Listing Information
  • List Agent Mls Id: 502239675
  • List Office Mls Id: 9705
  • Modification Timestamp: 2026-09-13T14:10:06Z
  • Originating System Name: NorthStar
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