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$1,495,000
40 Days On Site

883 Payne Avenue
Saint Paul, MN 55130

For Sale|Commercial Sale|Active
5
Beds
4
Total Baths
12,156
SqFt
$123
/SqFt
1906
Built
Subdivision:
Chas Weides Sub Of B35 Arling
County:
Ramsey
Listing courtesy of Keller Williams Premier Realty

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612-293-0351
883 Payne Avenue883 Payne Avenue883 Payne Avenue883 Payne Avenue
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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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Listing Snapshot
Price 
$1,495,000
Days On Site 
40 Days
Bedrooms 
5
Inside Area (SqFt) 
12,156 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2457 Acres
Year Built 
1906
MLS® Number 
6808068
Status 
Active
Property Tax 
$22,870
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Additional Property Use 
CommercialResidential
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Sewer 
Public Sewer
SqFt Total 
12156
Utilities 
None
Water Source 
Public
Zoning 
Business/Commercial
Interior Features
Heating 
Natural Gas
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Community Features
School District 
St. Paul
Township 
Saint Paul
Schools
School District
St. Paul
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Premier Realty



Listing information is provided by Participants of the Northstar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northstar MLS.
Last checked: 2026-04-14 09:55 AM UTC

Neighborhood & Commute
Source: Walkscore
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