Retail Property on Payne
883 Payne Ave St Paul, MN
883 Payne Ave, St Paul, MN, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property available for sale on Payne Avenue.
Property Size12,156 SF
Lot Size0.14 Acres
Price / SF$122.98
Days on Market233
Property Features for 883 Payne Ave
General Information
- Standard status
- Active
- Size
- 12,156 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Listing Agency
KW Commercial Premier - St Paul
(651) 216-6814
Listed by
William Schultz
(651) 216-6814
Source
Moodyscre
Added: Nov 25, 2025 Checked: Jul 16 at 6:57 am
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 KW Commercial Premier - St Paul
Investment Insights
Based on property information with market context.
This retail property, located at 883 Payne Ave in St Paul, MN, offers 12,156 square feet of space. The property is suitable for retail and other retail purposes.
Key Highlights
- Retail property available for sale
- Located on Payne Avenue
- Payne Avenue location
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.1k | $17.04 |
| − Vacancy | −$16.2k | −$1.33 |
| EGI | $191.0k | $15.71 |
| − OpEx | −$57.3k | −$4.71 |
| NOI | $133.7k | $11.00 |
12,156 SF · lease $17.04/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,687 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,450 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
FAQs
What type of property is this?
Retail property - Retail property available for sale on Payne Avenue.
Where is this retail property located?
The property is located at 883 Payne Ave St Paul, MN.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Retail property available for sale; Located on Payne Avenue; Payne Avenue location
