Restaurant, Triplex, Land
1081 Payne Ave MN
For Sale
Contact for pricing
Unique retail and residential portfolio with restaurant, triplex, and land.
Property Size5,592 SF
Lot Size0.10 Acres
Price / SF$107.30
Days on Market599
Property Features for 1081 Payne Ave
General Information
- Standard status
- Active
- Size
- 5,592 SF
- Lot size
- 0.10 Acres
- Property subtype
- RETAIL
Listing Agency:
Obsidian Group
(507) 581-3479
Listed By:
Ethan Finger
(507) 581-3479
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Obsidian Group
Investment Insights
Based on property information with market context.
This unique portfolio features a restaurant space, a neighboring triplex, a parking lot, and vacant land. The restaurant, formerly a local favorite for decades, sustained some internal fire damage, prompting the ownership to sell the property. The triplex contains three units: two 2-bed/2-bath apartments and a studio apartment. The studio is currently vacant, while the other two units are occupied under month-to-month leases. Previously, the triplex was used to house restaurant employees. The property is zoned B-2, allowing for a wide variety of business uses. The property has a total size of 5592 square feet.
Key Highlights
- B‑2 zoning allows for a wide variety of business uses.
- Includes a restaurant building with potential for redevelopment or reopening.
- Features a neighboring triplex with two 2‑bed/2‑bath units and a studio apartment.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Embercap Inn — 794 Hyacinth Ave E, St Paul, MN 55106
FAQs
What type of property is this?
Restaurant - Unique retail and residential portfolio with restaurant, triplex, and land.
Where is this restaurant located?
The property is located at 1081 Payne Ave MN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: B‑2 zoning allows for a wide variety of business uses.; Includes a restaurant building with potential for redevelopment or reopening.; Features a neighboring triplex with two 2‑bed/2‑bath units and a studio apartment.
