860 University Avenue WSaint Paul, MN 55104
$1.25 million
5,008 finished sq ft · 0.101 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1914
- Finished sq ft
- 5,008
- Lot
- 0.101 acres
- Basement
- Full
- Heating
- Natural Gas
- Property taxes
- $9,994 a year
- Listed
- August 25, 2026
- MLS number
- 7127982
Listing courtesy of Coldwell Banker Realty (Deanna Doyle). MLS #7127982.
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How it compares
860 University Avenue W, Saint Paul, MN 55104 is a single-family home built in 1914 in Summit-University, listed for $1.25 million on August 25, 2026 by Coldwell Banker Realty. That is in the upper quarter of the 533 single-family homes for sale in Saint Paul right now (median $325,000; $250 per square foot here against $191 for the group). That works out to $250 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:25 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Saint Paul community guideSchools, commutes, parks, home values and local stories.
- Summit-University, Saint PaulThe neighborhood guide: homes, history, parks and market numbers.
- Saint Paul housing market, September 2026Homes sold for a median $300,000 over 12 months (0.0%), 48 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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