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    1001 Payne Ave Saint Paul, MN 55130

    Sponsored
    For Sale
    $349,900

    17,000 SF Office Space - $349,900

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, 17,000 square foot building at 1001 Payne Ave in St. Paul, Minnesota, presents a unique opportunity for a savvy investor. Located in a rapidly developing area of the city, this Commercial 3A zoned property offers high visibility and significant drive-by traffic. Originally built in 1900, the building has undergone substantial renovations, including a $40,000 main floor support beam upgrade, $100,000 in demolition work, a $40,000 roof update, and $13,000 spent on asbestos abatement. While the current renovations are incomplete, this provides a significant opportunity to add value through sweat equity. The flexible zoning allows for a variety of uses, including retail, restaurant, adult daycare, or gathering hall, making it an ideal investment for a wide range of businesses. The asking price is $349,900, translating to $23.47 per square foot. The property's multi-tenancy potential further enhances its investment appeal. This is a rare chance to acquire a substantial commercial property in a thriving St. Paul neighborhood with the potential for significant returns. The 55130 zip code and Ramsey County location offer easy access to major transportation routes and amenities.

    Property Features for 1001 Payne Ave

    General Information

    Property type
    Hospitality properties
    Square Feet
    17,000 SF

    Building Details

    Year Built
    1900
    Stories
    3

    HighLights

    • Main floor beam repair/replacement: $40,000
    • Building demolition: $100,000
    • Roof renovation: $40,000
    • Asbestos abatement: $13,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Paul
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0738804
    Latitude
    44.971421

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    FAQs

    What type of property is this?
    Hospitality property - 17,000 SF Office Space - $349,900
    Where is this hospitality 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 $349,900.
    What are key features of this property?
    This property features: Main floor beam repair/replacement: $40,000; Building demolition: $100,000; Roof renovation: $40,000
    Request Owner's contact information
    1001 Payne Ave Saint Paul, MN 55130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Payne Ave Saint Paul, MN 55130
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