Mixed-Use Building with Laundromat and
For Sale
Contact for pricing
890 Payne Ave, St Paul, MN 55130
Mixed-use property with a laundromat tenant plus three 1BR apartments and one studio, plus an adjacent B2-zoned lot.
Property Size5,970 SF
Price / SF$93.80
Days on Market210
Property Features for 890 Payne Ave
General Information
Standard status
Active
Size
5,970 SF
Property subtype
RETAIL
Net Operating Income
$33,586
Additional Details
Gross Income
$67,884
Building Details
Tenancy
Multi
Listing Agency:
KW Commercial Premier - St Paul
(651) 379-5252
Listed By:
William Schultz
(651) 216-6814
Source:
Moodyscre
Added: Mar 5
Changed: Sep 28
Last Checked: Sep 30 at 3:28PM
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 mixed-use property includes one commercial tenant operating a laundromat along with four apartments: three 1BR units and one studio. The building totals 5,970 SF. The apartment interiors have not been updated recently, so unit upgrades such as paint, flooring, and kitchen and bathroom improvements may be needed to improve leaseability.
The sale also includes an additional lot at 648 York Ave, zoned B2 and totaling approximately 4,836 SF. This extra parcel can support off-street parking, signage, or future expansion. The pro forma indicates operating costs remain near the current level, with NOI projected to increase by roughly 19% upon stabilization.
Overall, the property combines day-to-day commercial revenue from the laundromat with residential income from a compact four-unit mix, with the added flexibility of the B2-zoned lot.
The sale also includes an additional lot at 648 York Ave, zoned B2 and totaling approximately 4,836 SF. This extra parcel can support off-street parking, signage, or future expansion. The pro forma indicates operating costs remain near the current level, with NOI projected to increase by roughly 19% upon stabilization.
Overall, the property combines day-to-day commercial revenue from the laundromat with residential income from a compact four-unit mix, with the added flexibility of the B2-zoned lot.
Key Highlights
- One laundromat commercial tenant plus four apartments
- Apartment mix: three 1BR units and one studio
- Total building size 5,970 SF
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
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?
Mixed-use property - Mixed-use property with a laundromat tenant plus three 1BR apartments and one studio, plus an adjacent B2-zoned lot.
Where is this mixed-use property located?
The property is located at 890 Payne Ave St 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: One laundromat commercial tenant plus four apartments; Apartment mix: three 1BR units and one studio; Total building size 5,970 SF
