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Versatile Commercial Building in St. Paul
For Sale
$199,900

1001 Payne Ave, Saint Paul, MN 55130

Renovated commercial building suitable for retail, restaurant, or daycare.

Property Size6,250 SF
Price / SF$31.98
Days on Market174

Property Features for 1001 Payne Ave

General Information

Standard status Active
Size 6,250 SF

Building Details

Year Built 1900
Listing Agency: NAI Gateway Commercial
Listed By: Patrick Corbett · License #40472866
Source: Bethanynelsongroup
Added: Mar 26 Changed: Sep 8 Last Checked: Sep 14 at 3:46PM

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 building presents an opportunity for a new owner to complete the build-out according to their specific needs, potentially increasing its value through renovation. The current owners have initiated renovations but are unable to complete them, offering a chance for a new owner to customize the space. The property is suitable for various uses, including retail, restaurant, adult daycare, or a gathering hall, subject to zoning approval (3A COMMERCIAL LAND AND BUILDING). Located in the heart of the east side of St. Paul, the building benefits from ongoing neighborhood growth, new developments, and significant drive-by traffic. The property size is 17000 square feet.

Key Highlights

  • Opportunity to customize build‑out to desired use.
  • Located in a growing area with new development.
  • High drive‑by traffic.

Property Analytics

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Current Use

Specialty properties

Suggested Use

Top Pick Law Firm Electrical Service Kitchen & Bath Showroom HVAC Service Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,487
Businesses Nearby

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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Frequently Asked Questions

What type of property is this?
Specialty property - Renovated commercial building suitable for retail, restaurant, or daycare.
Where is this specialty property 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: Opportunity to customize build‑out to desired use.; Located in a growing area with new development.; High drive‑by traffic.
More about this property
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