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    977 Payne Ave Saint Paul, MN 55130

    For Sale
    $365,000

    Commercial - Saint Paul, MN

    Lot size:
    0.03 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 977 Payne Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    292922130157
    Exterior features
    Brick/Stone
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1884
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

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

    Listing agent William Schultz (651) 379-5252

    Listing date Nov 18, 2025

    MLS# 6806866 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

    Payne Avenue Mixed-Use Investment

    This mixed-use property is located along the Payne-Phalen corridor. The building features commercial space on the main level and an upper level that offers the opportunity to build out additional office suites or convert into a residential unit. The third-floor space has existing plumbing and electrical infrastructure. Value can be created by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. The upper level could also be converted into an apartment or mixed live-work setup. The property is located in one of Saint Paul’s redevelopment corridors, benefiting from proximity to area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These projects are driving economic energy, consumer traffic, and property value growth along Payne Avenue. The lot size is 0.028 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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
    -93.07375
    Latitude
    44.970762

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with expansion potential in a redeveloping corridor.
    Where is this mixed-use property located?
    The property is located at 977 Payne Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: - High value-add potential in a rapidly redeveloping corridor; - Expandable upper-level space suitable for office suites or residential conversion; - Existing plumbing and electrical infrastructure on the upper level reduces construction costs
    (651) 379-5252
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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
    977 Payne Ave Saint Paul, MN 55130
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