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Mixed-Use Property with Laundromat
For Sale
$560,000

890 Payne Avenue, Saint Paul, MN 55130

Commercial Sale, Saint Paul, MN

Property SizeContact for details
Lot Size0.06 Acres
Days on Market176

Property Features for 890 Payne Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Bedrooms 3
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 1
Parking features On Street, Parking Lot
Exterior features Brick/Stone
Subdivision Chas Weides Sub Of B34 Arling
High school district St. Paul
Directions 94 to Mounds Blvd, To 7th St E, To Payne Ave
Standard status Active
APN 292922420146
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8726

Utilities

Heating system Oil

Building Details

Year built 1888
Listing Agency: Keller Williams Premier Realty · Keller Williams Realty
Listed By: William Schultz
Added: Mar 4 Changed: Aug 27 Last Checked: Aug 27 at 9:06PM
MLS# 6808073

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.

Investment Insights

Based on property information with market context.

Located at 890 Payne Avenue in Saint Paul, this mixed-use property combines a street-facing laundromat with four residential units: three one-bedroom apartments and one studio. The building dates to 1888, features brick/stone exterior construction, and is heated with oil. Parking includes both on-street spaces and a parking lot.

The sale also includes a separate B2-zoned parcel at 648 York Avenue measuring approximately 4,836 SF, expanding the property’s land component beyond the primary building. Potential applications for the additional lot include off-street parking, signage, or storage, subject to city approvals. The property is situated in Saint Paul’s Payne-Phalen corridor.

Key Highlights

  • Four apartments: three 1BR units and one studio
  • Street‑level laundromat included in the mixed‑use building
  • Separate B2‑zoned lot at 648 York Ave

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,451
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level laundromat paired with four apartments and an additional B2-zoned lot for parking or other approved uses.
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: Four apartments: three 1BR units and one studio; Street‑level laundromat included in the mixed‑use building; Separate B2‑zoned lot at 648 York Ave
More about this property
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