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Lori Simonson

lori@exitrealtyrivertown.com +1(651) 380-1886

$ 1,495,000

Est. payment | -/mo

5 Beds

4 Baths

10,704 Acres Lot

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$ 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

Nearby Locations

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Lori Simonson

Broker-Associate | Lic# MN 40269921 & WI 60382-94

lori@exitrealtyrivertown.com

+1(651) 380-1886

31421 Lakeview Ave., Red Wing, MN, 55066, USA

883 Payne AVE Saint Paul, MN 55130

Lori Simonson

Key Details

Location

Interior

Exterior

Building

Schools

883 Payne AVE