Mixed-Use Brick Building with
For Sale
$499,900
1321 Payne Ave, Saint Paul, MN 55130
Two storefronts with apartments above offer flexible space for an owner-occupant or investor with convenient parking.
Property SizeContact for details
Days on Market69
Property Features for 1321 Payne Ave
General Information
Standard status
Active
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,880
Building Details
Tenancy
Multi
Listing Agency:
Grand Realty, LLC
(651) 428-7162
Listed By:
Daniel R. Fowlds
(651) 428-7162
Source:
Exprealty
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 9 at 10:38AM
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 Grand Realty, LLC
Investment Insights
Based on property information with market context.
This classic brick mixed-use building features two commercial storefronts on the ground level with three apartments above. The residential units include two 1-bedroom apartments and one 2-bedroom, 1-bath apartment. Recent seller improvements include a new water service line, updated electrical service for the front storefront, newer forced-air furnace and water heater, and a newer boiler and water heater serving the apartments and the rear commercial space.
On the storefront level, both spaces have updated bathrooms and full kitchens with quality cabinetry and appliances. The commercial spaces can be operated separately or combined into one larger business location. The larger storefront includes access to a clean, dry basement with an additional bathroom, providing storage and an option for further expansion. Off-street parking is available behind the building, with abundant street parking nearby, and the property is positioned on highly visible Payne Avenue.
With retail space that can function as two separate locations or as one larger site, this property is well suited for investors seeking multiple income streams or owner-occupants who want commercial space with residential units above. The combination of modernized building systems and turn-key storefront updates supports a practical move-in plan for a wide range of retail and service concepts that can utilize the basement for additional utility.
On the storefront level, both spaces have updated bathrooms and full kitchens with quality cabinetry and appliances. The commercial spaces can be operated separately or combined into one larger business location. The larger storefront includes access to a clean, dry basement with an additional bathroom, providing storage and an option for further expansion. Off-street parking is available behind the building, with abundant street parking nearby, and the property is positioned on highly visible Payne Avenue.
With retail space that can function as two separate locations or as one larger site, this property is well suited for investors seeking multiple income streams or owner-occupants who want commercial space with residential units above. The combination of modernized building systems and turn-key storefront updates supports a practical move-in plan for a wide range of retail and service concepts that can utilize the basement for additional utility.
Key Highlights
- Classic brick mixed‑use building on Payne Avenue with 2 commercial storefronts and 3 apartments above
- Apartment mix: two 1‑bedroom units and one 2‑bedroom, 1‑bath unit
- Recent improvements include new water service line and updated electrical service for the front storefront
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Two storefronts with apartments above offer flexible space for an owner-occupant or investor with convenient parking.
Where is this triplex located?
The property is located at 1321 Payne Ave Saint Paul, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Classic brick mixed‑use building on Payne Avenue with 2 commercial storefronts and 3 apartments above; Apartment mix: two 1‑bedroom units and one 2‑bedroom, 1‑bath unit; Recent improvements include new water service line and updated electrical service for the front storefront
