860 University Avenue W, Saint Paul, MN 55104 (MLS# 7127982)


$1,250,000
860 University Avenue W
Saint Paul, MN 55104
MLS# 7127982
5008 sqft


860 University Avenue W, Saint Paul, MN 55104
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Property Description
A rare opportunity to own the real estate, an established operating restaurant, and five income producing residential units — all in one! This well-established University Avenue property has been family owned and operated since 1986 with the big-ticket improvements are already done: roof replaced within the last 5 years, exterior siding improvements, updated commercial kitchen, new hood system, and two commercial freezers make this an exceptional turnkey opportunity from day one. Zoned T2 with flexible zoning and light rail access right at the doorstep, this 5,008 SF building sits on a high-traffic stretch of University Avenue with multiple income streams and long-term upside. Whether you're an owner-operator running the restaurant yourself or an investor collecting rent, this property delivers strong income potential. Step into an established business with loyal clientele, five leased residential units producing steady cash flow, and major capital expenditures already behind you.

Details
Maps
Contract Information
Status: Active
Current Price: 1250000
Contingency: None
ListPrice: 1250000
List Date: 2026-08-25
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1914
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1678
For Sale or Lease: For Sale
Acres: 0.1
Lot Dimensions: 37x119
Assessment Pending: No
Location Tax and Other Information
House Number: 860
Street Name: University
Street Suffix: Avenue
Street Direction Suffix: W
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55104
Complex/Dev/Subdivision: Milton Add
Assessments
Tax With Assessments: 9994
Basement
Foundation Dimensions: 55x25x16x20
Building Information
Building Finished SqFt: 5008
Building SqFt: 5008
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 35
Township#: 29
Sale Options
Sale Includes: Building, Business
Unit 1
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 6
Unit Information
No. of Efficiency Units: 4
Property Features
Accessible: Other
Basement: Full
CMU Style: Business Opportunity; Mixed Use
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table
Construction Status: Previously Owned
Current Use: Restaurant
Exterior: Brick/Stone
Foundation: Poured Concrete
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Common; Heating Common
Parking Characteristics: Parking Lot
Potential Use: Restaurant
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected

Listing Office: Coldwell Banker Realty

Last Updated: August - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 25th of October 2026 03:32 AM

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