Mixed-Use Restaurant and Triplex
For Sale
Contact for pricing
1081 Payne Ave, Saint Paul, MN 55130
Restaurant building is zoned B-2 and includes adjacent triplex, parking lot, and vacant land for a combined offering.
Property Size5,592 SF
Price / SF$107.30
Days on Market649
Property Features for 1081 Payne Ave
General Information
Standard status
Active
Size
5,592 SF
Property subtype
RETAIL
Zoning
B-2
Listing Agency:
Obsidian Group
(651) 249-3712
Listed By:
Ethan Finger
(507) 581-3479
Source:
Moodyscre
Added: Dec 5, 2024
Changed: Aug 8
Last Checked: Sep 14 at 12:45PM
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.
Obsidian Group presents a combined retail and residential portfolio including a restaurant building, a neighboring triplex, a parking lot, and vacant land northwest of the restaurant. The restaurant has experienced internal fire damage, and ownership has decided to sell the restaurant building (not the “Magnolias” name).
The building is zoned B-2, allowing a wide variety of uses for your business. The neighboring triplex has three units: two units with 2 bed/2 bath and a studio apartment. The studio is currently vacant, and the other two units are on month-to-month leases. The triplex was previously used to house restaurant employees.
The offering is located at 1081 Payne Ave, St. Paul, MN 55130.
The building is zoned B-2, allowing a wide variety of uses for your business. The neighboring triplex has three units: two units with 2 bed/2 bath and a studio apartment. The studio is currently vacant, and the other two units are on month-to-month leases. The triplex was previously used to house restaurant employees.
The offering is located at 1081 Payne Ave, St. Paul, MN 55130.
Key Highlights
- Restaurant building is zoned B‑2, allowing a wide variety of business uses
- Combined offering includes the restaurant building, neighboring triplex, parking lot, and vacant land
- Triplex has 3 units: two 2 bed/2 bath units and one studio apartment
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building is zoned B-2 and includes adjacent triplex, parking lot, and vacant land for a combined offering.
Where is this conventional restaurant located?
The property is located at 1081 Payne Ave Saint Paul, 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: Restaurant building is zoned B‑2, allowing a wide variety of business uses; Combined offering includes the restaurant building, neighboring triplex, parking lot, and vacant land; Triplex has 3 units: two 2 bed/2 bath units and one studio apartment
