Mixed-Use Property with Living
For Sale
Contact for pricing
539 Payne Avenue, Saint Paul, MN 55130
Flexible mixed-use building with vacant commercial units, an occupied salon, and an upstairs residential area.
Property Size2,703 SF
Price / SF$129.45
Days on Market53
Property Features for 539 Payne Avenue
General Information
Standard status
Active
Size
2,703 SF
Property subtype
Retail, Office, Mixed Use
Lease Type
Gross
Building Details
Buildings
1
Units
3
Listing Agency:
NorthStar Real Estate Associates
Listed By:
James Yacoub · License #MN
(651) 398-7653
Source:
Crexi
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 4 at 7:29AM
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 NorthStar Real Estate Associates
Investment Insights
Based on property information with market context.
This 2,703-square-foot mixed-use property combines commercial and residential components at 539 Payne Ave in St. Paul. Two units are vacant, while a salon occupies another unit under a month-to-month lease, creating flexibility for a future owner-user or investor. The upstairs area provides living space within the property, supporting a work-and-residence configuration.
A basement adds further interior area for storage, expansion, or future build-out. The property’s existing combination of vacant units, an occupied salon, upstairs living space, and basement area offers several ways to organize the building’s commercial and residential functions.
A basement adds further interior area for storage, expansion, or future build-out. The property’s existing combination of vacant units, an occupied salon, upstairs living space, and basement area offers several ways to organize the building’s commercial and residential functions.
Key Highlights
- 2,703‑square‑foot mixed‑use property at 539 Payne Ave, St. Paul, MN 55130
- Two units are currently vacant
- Salon leased on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,098
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,960
$642.0K
Cap Rate 7%
$458,543
$458.5K
Cap Rate 9%
$356,644
$356.6K
Market Conditions
NOI Build-Up for 2,703 SF
Gross rent
$59.4K $21.96/SF
− Vacancy
−$16.6K −$6.13/SF
EGI
$42.8K $15.83/SF
− OpEx
−$10.7K −$3.96/SF
NOI
$32.1K $11.87/SF
Area
Ramsey County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,960
Cap Rate 7%
$458,543
Cap Rate 9%
$356,644
Alternative Uses
Best Use
Retail
$467.1K
$408.7K – $544.9K
NOI $32,695 @ 7.0% cap · market cap 9.34%
Second Best
Office B
$458.5K
$401.2K – $535.0K
NOI $32,098 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$644.9K
$564.3K – $752.4K
NOI $45,142 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible mixed-use building with vacant commercial units, an occupied salon, and an upstairs residential area.
Where is this mixed-use property located?
The property is located at 539 Payne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,703‑square‑foot mixed‑use property at 539 Payne Ave, St. Paul, MN 55130; Two units are currently vacant; Salon leased on a month‑to‑month basis
