For Sale: Saint Paul MLS# 6806880
Active
NEW!
$290,000
Commercial: Other
Built 1900
0.06 acres
St. Paul schools
MLS# 6806880
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Property Description
Exceptional value-add investment opportunity in the heart of Saint Paul’s rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property’s prime location on Payne Avenue positions it perfectly to benefit from the area’s ongoing transformation.
The Payne Avenue corridor is home to some of Saint Paul’s most ambitious redevelopment efforts. The Hamm’s Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center’s multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation.
Whether you’re an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side’s next wave of revitalization.
Buyer agent to confirm all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$290,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
0
County:
Ramsey
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55130
Neighborhood/Area:
Payne-Phalen
Subdivision Name:
Holterhoff & Meads Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
3
Foundation Size:
2,280 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Gravel
- On-Street Parking Only
Exterior Material:
- Fiber Board
- Other
- Shake Siding
Lot & Land
Acres:
0.06
Geolocation:
44.975311, -93.073207
Inclusions:
Building, Fixture/Equipment, Leases, Rental License
Lot Dimensions:
24 X 95
Zoning:
Business/Commercial
Schools
School District:
625
District Phone:
651-767-8100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,986
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,986
Units
Total Units:
2
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.