985 Payne Avenue Saint Paul, MN 55130
- Added:
- Nov 11, 2025
- Days on Market:
- 168
- Last Refresh:
- Apr 28 at 2:06 am
Property Features for 985 Payne Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Residential-Multi-Family
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 292922130156
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9366
Building Details
- Year built
- 1917
- Architectural style
- Other
Listing agent William Schultz (651) 379-5252
Listing office Keller Williams Premier Realty 635 Bielenberg Drive Suite 100, Woodbury, MN (651) 379-5252
Listing date Nov 11, 2025
MLS# 6806885
Listing URL
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Overview
Mixed-Use Investment in Payne-Phalen
Located in the Payne-Phalen corridor, this four-unit mixed-use property offers an investment opportunity. The property includes one commercial space and two residential units. The commercial space is approximately 1,510 square feet with an additional 1,500 square feet of finished basement space that can be used for storage or converted into leasable areas. The two residential units feature tall ceilings and flexible layouts. The property is located along Payne Avenue, which is undergoing redevelopment, including the Hamm’s Brewery revitalization project and the Latino Economic Development Center’s renovation that will introduce a new event center, commercial kitchen, restaurants, and retail destinations to the area. This property offers the opportunity to participate in the neighborhood’s next chapter while building long-term equity through strategic upgrades and rental optimization. The property is zoned for Business/Commercial and Residential-Multi-Family use and is situated on a lot of approximately 0.052 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.073937
- Latitude
- 44.970866
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-unit property with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 985 Payne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential units offering multiple income streams.; Located in the rapidly growing Payne‑Phalen corridor, benefiting from significant redevelopment projects.; **Large commercial space (1,510 sq ft) with additional 1,500 sq ft finished basement**, offering potential for subdivision or additional leasable area.
