890 Payne Avenue Saint Paul, MN 55130
- Added:
- Mar 4, 2026
- Days on Market:
- 55
- Last Refresh:
- Apr 28 at 11:06 pm
Property Features for 890 Payne Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Parking features
- Parking Lot
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 292922420146
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8726
Building Details
- Year built
- 1888
- Architectural style
- Other
Listing agent William Schultz (651) 379-5252
Listing office Keller Williams Premier Realty 635 Bielenberg Drive Suite 100, Woodbury, MN (651) 379-5252
Listing date Mar 4, 2026
MLS# 6808073
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Saint Paul Mixed-Use Opportunity
The property at 890 Payne Ave in Saint Paul's Payne-Phalen corridor presents a mixed-use opportunity with potential for increased value. It includes a street-level commercial space currently operating as a laundromat, along with four apartments consisting of three one-bedroom units and one studio. The property generates an effective gross income of $70,680, resulting in a net operating income (NOI) of approximately $36,382. Pro forma projections indicate a potential increase to $79,080 in effective gross income, with the NOI rising to roughly $44,782, representing an approximate 23% increase, assuming expenses remain near the current level of approximately $34,298 per year. The sale also encompasses the B2-zoned lot at 648 York Ave, which is approximately 4,836 square feet. This additional lot offers options for off-street parking, signage, storage, or future expansion, subject to city approvals. The lot size is 0.055 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.073288
- Latitude
- 44.968175
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with income and upside in Saint Paul.
Where is this mixed-use property located?
The property is located at 890 Payne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Value‑add mixed‑use property with immediate income.; Pro forma projects a significant increase in NOI (approximately +23%) upon stabilization.; Includes an additional B2‑zoned lot (~4,836 SF) for parking, signage, storage, or expansion.
