Freestanding Hard-Corner
1146 Payne Ave, St Paul, MN 55106
For Sale
Contact for pricing
Freestanding hard-corner location with signalized access, zoned B-2, and 8,369 VPD on Payne Avenue.
Property Size2,376 SF
Price / SF$145.20
Days on Market156
Property Features for 1146 Payne Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Traffic Count
Road Access
Building Details
Buildings
Listing Agency:
Wyn Group
(763) 888-8111
Listed By:
Jay Mawas · License MN #40684904
(612) 772-3566
Source:
Moodyscre
Added: Jun 12
Changed: Nov 11
Last Checked: Nov 12 at 8:02AM
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 Wyn Group
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Investment Insights
Based on property information with market context.
This freestanding, stand-alone storefront property offers full site control with no shared walls. The site has been remediated and the tanks and pumps have been removed, supporting readiness for immediate occupancy.
The building is positioned on a hard corner at a signalized intersection with exceptional visibility and convenient ingress/egress. Payne Avenue averages 8,369 VPD, providing strong day-to-day exposure. The property is zoned B-2 Community Business, with retail, restaurant, service, and other uses permitted.
Surrounding retailers include national tenants such as McDonald’s, Caribou Coffee, Walgreens, and AutoZone, supporting a continuous neighborhood shopping and services environment.
The building is positioned on a hard corner at a signalized intersection with exceptional visibility and convenient ingress/egress. Payne Avenue averages 8,369 VPD, providing strong day-to-day exposure. The property is zoned B-2 Community Business, with retail, restaurant, service, and other uses permitted.
Surrounding retailers include national tenants such as McDonald’s, Caribou Coffee, Walgreens, and AutoZone, supporting a continuous neighborhood shopping and services environment.
Key Highlights
- Freestanding, stand‑alone building with no shared walls and full site control
- Hard corner at a signalized intersection with ingress/egress access
- 8,369 VPD on Payne Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,740
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,800
$574.8K
Cap Rate 7%
$410,571
$410.6K
Cap Rate 9%
$319,333
$319.3K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$41.1K $17.28/SF
− OpEx
−$12.3K −$5.18/SF
NOI
$28.7K $12.10/SF
Area
Ramsey County, MN
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,800
Cap Rate 7%
$410,571
Cap Rate 9%
$319,333
Alternative Uses
Best Use
Retail
$410.6K
$359.3K – $479.0K
NOI $28,740 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.9K
$496.0K – $661.3K
NOI $39,680 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8,369 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 42%
Electronics 5%
Burger King
Dining
9,519 visits/mo
0.5 miles
Dollar General
Shops & Services
5,520 visits/mo
0.2 miles
U.S. Bank
Shops & Services
3,258 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,047 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
1,092 visits/mo
0.4 miles
Demographics for 55106, MN
60,327
Population
19,974
Households
3
Avg Household Size
30
Median Age
23%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
6,418
Density / Sq Mi
$68,601
Median Household Income
$39,834
Median Earnings
$1,230
Median Rent
$233,000
Median Home Value
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Market
Properties on Market for Storefront properties in Ramsey County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- SameDay-FlowerDelivery — 913 payne ave, st paul, mn 55130
- Cub Foods Floral — 892 Arcade St, St Paul, MN 55106
- East Side Floral — 960 payne ave, st paul, mn 55130
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding hard-corner location with signalized access, zoned B-2, and 8,369 VPD on Payne Avenue.
Where is this storefront property located?
The property is located at 1146 Payne Ave St Paul, MN.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Freestanding, stand‑alone building with no shared walls and full site control; Hard corner at a signalized intersection with ingress/egress access; 8,369 VPD on Payne Avenue
