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

860 University Avenue W, Saint Paul, MN 55104

$1,250,000
Property Type: Commercial Square Footage: 5,008 Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $1,250,000 List Date: 8/25/2026 Last Modified: 8/26/2026

Overview

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.

Listing Details MLS# 7127982

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

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

Contract Information

Contingency
None
ListPrice
1250000
Owner is an Agent?
No
Auction?
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

More Information

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
Yes

Unit Details

Total Units
6

Unit Information

No. of Efficiency Units
4
IDX
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.
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