883 Payne AVE, Saint Paul, MN 55130
883 Payne AVE, Saint Paul, MN 55130
883 Payne AVE, Saint Paul, MN 55130
883 Payne AVE, Saint Paul, MN 55130
883 Payne AVE, Saint Paul, MN 55130
883 Payne AVE, Saint Paul, MN 55130
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mark Schwope

Mark Schwope

+1(612) 581-0075
$ 1,495,000
Est. payment | /mo

5 Beds

4 Baths

10,704 Acres Lot

Save
$ 1,495,000
Est. payment | /mo
Save

5 Beds

4 Baths

10,704 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Chas Weides Sub Of B35 Arling

MLS Listing ID 6808068

Bedrooms 5

Year Built 1906

Annual Tax Amount $22,870

Tax Year 2025

Contingent None

Lot Size 10704.000 Acres

Lot Dimensions 75 x 80

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.

Location

State MN

County Ramsey

Zoning Business/Commercial

Interior

Heating Boiler

Inclusions Land

Fireplace No

Exterior

Parking Features Paved Lot

Utilities Available None Available

Present Use Commercial,Residential,Restaurant

Building

Story Two

Foundation 5460

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District St. Paul

Listed by William Schultz • Keller Williams Premier Realty

Schools and Properties Nearby

Mark Schwope

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(612) 581-0075

marketyourhometeam@gmail.com

Blaine, MN, 55449, USA

Learn More About LPT Realty

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Mark Schwope, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

883 Payne AVE