Renovation-Ready Retail
For Sale
Contact for pricing
1001 Payne Ave, Saint Paul, MN 55130
Partially renovated retail building with roof updates and demolition completed, offered with flexibility for approved commercial uses.
Property Size17,000 SF
Price / SF$11.76
Days on Market1238
Property Features for 1001 Payne Ave
General Information
Standard status
Active
Size
17,000 SF
Property subtype
RETAIL
Zoning
3A COMMERCIAL LAND AND BUILDING
Listing Agency:
NAI Gateway Commercial
Listed By:
Patrick Corbett · License #40472866
(651) 334-9851
Source:
Moodyscre
Added: Apr 27, 2023
Changed: Sep 14
Last Checked: Sep 14 at 11:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Gateway Commercial
Investment Insights
Based on property information with market context.
This retail building is being offered for sale as a renovation project, with the current owners having started improvements and demolition work in advance of a future build-out. Completed work includes main floor support beam work, demolition, a roof update, and asbestos clean-up. The property can be tailored to a variety of concepts, as the seller states it may be used for retail, restaurant, adult daycare, or gathering hall, subject to zoning approval under 3A COMMERCIAL LAND AND BUILDING.
Located on the east side of St. Paul, the property is described as being in a lively area with new development and drive-by traffic. The remarks also note nearby successful businesses and that US Bank is directly in front of the building. Off-street parking and bus transportation are also mentioned as nearby access conveniences.
The remaining value is largely in completing the build-out to fit the buyer’s intended use within the approved zoning framework.
Located on the east side of St. Paul, the property is described as being in a lively area with new development and drive-by traffic. The remarks also note nearby successful businesses and that US Bank is directly in front of the building. Off-street parking and bus transportation are also mentioned as nearby access conveniences.
The remaining value is largely in completing the build-out to fit the buyer’s intended use within the approved zoning framework.
Key Highlights
- Partially renovated commercial building in 3A Commercial Land and Building zone
- Renovation work completed: main floor support beam ($40,000), demolition ($100,000), roof update ($40,000), asbestos clean‑up ($13,000)
- Great flexibility of approved commercial use types, including retail, restaurant, adult daycare, and gathering hall
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,487
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Home Improvements & Furnishings 29%
Electronics 26%
Dining 5%
Kendall's Ace Hardware
Home Improvements & Furnishings
8,429 visits/mo
0.3 miles
Dollar General
Shops & Services
5,520 visits/mo
0.2 miles
U.S. Bank
Shops & Services
3,258 visits/mo
0.1 miles
T-Mobile
Electronics
3,226 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,047 visits/mo
0.5 miles
Demographics for 55130, MN
18,581
Population
6,368
Households
2.9
Avg Household Size
28
Median Age
21%
College-Educated
73%
High-School Grad
2.0 sq mi
ZIP Area
9,291
Density / Sq Mi
$53,281
Median Household Income
$36,740
Median Earnings
$1,151
Median Rent
$220,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Partially renovated retail building with roof updates and demolition completed, offered with flexibility for approved commercial uses.
Where is this retail space located?
The property is located at 1001 Payne Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Partially renovated commercial building in 3A Commercial Land and Building zone; Renovation work completed: main floor support beam ($40,000), demolition ($100,000), roof update ($40,000), asbestos clean‑up ($13,000); Great flexibility of approved commercial use types, including retail, restaurant, adult daycare, and gathering hall
