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$1,495,000

  • For Sale
  • Active
  • Commercial
  • 12,156 Sq. Ft.
  • 10,704 Acres
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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.

Full Property Details for 883 Payne Ave

General

  • Price: $1,495,000
  • Taxes: $22,870 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6808068
  • Updated: 3/4/2026
  • Added to Site: 22 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Paved Lot

Location

  • County: Ramsey
  • Township: Saint Paul
  • Subdivision: Chas Weides Sub Of B35 Arling
  • Neighborhood: 98
  • Driving Directions: 94 to Mounds Blvd, 7th St to Payne Ave

School Information

  • School District: 2102 - St. Paul
  • High School District: St. Paul

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: None Available

Structural Information

  • Basement: Yes
  • Foundation Size: 5460
  • Disability Access: Other
  • Square Feet: 12,156
  • Finished Down/Base.: 12,156 Sq. Ft.
  • Current Bldg. Use: Commercial, Residential, Restaurant
  • Year Built: 1906

Lot Features

  • Lot Size (Acres): 10,704
  • Lot Dimensions: 75 x 80
  • Zoning: Business/Commercial

Financial Considerations

  • Operating Expenses: $104,477
  • Tax Amount: $22,870
  • Tax Year: 2025
  • Terms: Contract for Deed, Conventional, Cash

Disclosures and Reports

  • Legal Description: CHAS WEIDES SUB OF B35 ARLING N 75 FT OF LOTS 29 AND LOT 30 BLK 35
  • Inclusions: Land
  • Property ID: 292922420189

Listed by Keller Williams Premier Realty

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— 883 Payne Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 883 Payne Ave

School District:St. Paul Public School District
NameGradesDistance
John A.Johnson Achievement Plus Elementary School
740 York Avenue, Saint Paul, MN 55106
PK-50.2 mi
Washington Tech Secondary Magnet
1495 Rice Street, Saint Paul, MN 55117
6-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 883 Payne Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$1,495,000
1050%
MLS
12/28/2012
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 883 Payne Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,870
4%
$801,000
-3%
2024
$22,036
19%
$829,400
-1%
2023
$18,452
56%
$840,400
62%
2021
$11,848
-36%
$520,000
-24%
2023
$18,452
56%
$686,400
59%
2021
$11,848
20%
$432,000
18%
2020
$9,850
13%
$366,200
12%
2019
$8,724
13%
$327,000
10%
2018
$7,712
-9%
$297,300
12%
2017
$8,498
9%
$265,000
131%
2016
$7,768
-1%
$114,800
—
2015
$7,834
-4%
$114,900
-50%
2014
$8,148
—
$229,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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883 Payne Avenue, Saint Paul, MN 55130 (MLS# 6808068) is a Commercial property. 883 Payne Avenue is currently listed for $1,495,000 and was received on March 04, 2026. Want to learn more about 883 Payne Avenue? Do you have questions about finding other Commercial real estate for sale in Payne-Phalen? You can browse all Payne-Phalen real estate or contact a Coldwell Banker agent to request more information.

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