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    1132 Payne Ave Saint Paul, MN 55130

    For Sale
    $290,000

    Commercial - Saint Paul, MN

    Lot size:
    0.06 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1132 Payne Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    292922120038
    Exterior features
    Fiber Board, Other, Shakes
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Architectural style
    Other

    Keller Williams Premier Realty (651) 379-5252 [email protected]

    Listing agent William Schultz (651) 379-5252

    Listing date Nov 25, 2025

    MLS# 6806880 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Commercial Property in Saint Paul

    This three-unit mixed-use commercial property in Saint Paul, MN, presents an investment opportunity in the rapidly revitalizing Payne-Phalen corridor. The property is positioned to benefit from the area's ongoing transformation, with redevelopment efforts such as the Hamm's Brewery project set to bring new housing, retail, and community spaces. Additionally, the Latino Economic Development Center's renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations to energize this historic commercial strip. Located on Payne Avenue, the property stands to gain from increased visibility, higher tenant demand, and future appreciation as investment pours into the neighborhood. The property is located on a lot of approximately 0.058 acres. The property is zoned for business and commercial use. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. This property represents an opportunity to invest ahead of the curve and become part of the East Side's next wave of revitalization.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.073207
    Latitude
    44.975311

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    FAQs

    What type of property is this?
    Mixed-use property - Value-add investment opportunity in revitalizing Payne-Phalen corridor.
    Where is this mixed-use property located?
    The property is located at 1132 Payne Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: - High-potential investment property in Saint Paul's rapidly revitalizing Payne-Phalen corridor.; - Mixed-use commercial property with three functional units offering value-add opportunities through upgrades and rent increases.; - Prime location on Payne Avenue, benefiting from major redevelopment projects like the Hamm’s Brewery redevelopment and the Latino Economic Development Center renovation.
    (651) 379-5252
    Request Owner's contact information
    1132 Payne Ave Saint Paul, MN 55130
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    Saint Paul, MN 55130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1132 Payne Ave Saint Paul, MN 55130
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