860 W University Ave 4,407 SF 100% Leased Retail Building Saint Paul, MN 55104 $1,250,000 ($283.64/SF)

A rare opportunity to acquire the real estate, an established operating restaurant, and five income-producing residential units in one high-visibility University Avenue property. This 5,008 SF mixed-use building sits at the signalized intersection of University Avenue and Victoria Street, directly along Saint Paul’s METRO Green Line corridor.
Family owned and operated since 1986, the property is home to Best Steak House and includes five residential units—four studios and one one-bedroom—creating multiple income streams from a single asset. Significant capital improvements have already been completed, including a roof replacement, exterior siding improvements, an updated commercial kitchen, new commercial hood system, and two commercial freezers. The updated commercial kitchen is designed for high-volume restaurant operations.
The property also offers 10 dedicated parking spaces plus ample street parking, a valuable convenience for customers, residents, and employees.
T2 Traditional Neighborhood zoning provides flexibility for continued mixed-use operation and long-term repositioning potential. With light rail at the doorstep, strong University Avenue visibility, established business history, residential rental income, convenient parking, and substantial improvements already in place, this is a compelling opportunity for an owner-operator, investor, or entrepreneur looking to acquire an operating business and the underlying real estate together.