See all 34 photos
34 photos
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
$1,495,000
Est. payment /mo
5 Beds
4 Baths
10,704 Acres Lot
UPDATED:
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
Read Less Info
Listed by William Schultz • Keller Williams Premier Realty
NEARBY SCHOOLS & PROPERTIES
AFFORDABILITY CALCULATOR
Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
You can afford a home up to: $0
Your debt-to-income ratio is 36%
Quite affordable.
View Affordable PropertiesQuite affordable.
Payment Breakdown：
$0 Month
Get more info from a local expert!
QUICK SEARCH1