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    1081 Payne Ave Saint Paul, MN 55130

    For Sale
    $600,000

    Two Buildings, 1,000 sq ft, Investment Opportunity

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Saint Paul investment opportunity encompasses a diverse portfolio including a former restaurant space (1,000 square feet), a three-unit residential building (triplex), and an additional vacant lot, totaling 0.1 acres. Located at 1081 Payne Ave and 623 Magnolia Ave E, Saint Paul, MN 55130, this property presents a unique blend of commercial and residential potential. The former restaurant, situated within a B-2 (Community Business) zoned area, offers flexibility for a wide range of commercial ventures. The accompanying triplex provides immediate rental income, while the vacant land offers expansion or redevelopment possibilities. The entire portfolio is offered at an asking price of $600,000. The property is available for occupancy beginning January 1, 2025. This is an owner/user investment opportunity in Ramsey County, Minnesota. The two buildings sit on a combined 0.1-acre lot. This is a rare chance to acquire a mixed-use portfolio in a desirable Saint Paul location.

    Property Features for 1081 Payne Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,000 SF
    Lot Size
    4,356 SF

    Building Details

    Buildings
    2

    HighLights

    • $600,000 asking price for a unique retail and residential portfolio in Saint Paul, MN.
    • The portfolio includes a former restaurant, a triplex, a parking lot, and vacant land totaling 0.1 acres.
    • The property features two buildings with a combined 1,000 square feet.
    • Zoned B‑2 (Community Business), allowing for diverse commercial uses.
    • Occupancy date is January 1, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.0737272
    Latitude
    44.9739753

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    FAQs

    What type of property is this?
    Individual retail property - Two Buildings, 1,000 sq ft, Investment Opportunity
    Where is this individual retail property located?
    The property is located at 1081 Payne Ave Saint Paul, MN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price for a unique retail and residential portfolio in Saint Paul, MN.; The portfolio includes a former restaurant, a triplex, a parking lot, and vacant land totaling 0.1 acres.; The property features two buildings with a combined 1,000 square feet.
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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
    1081 Payne Ave Saint Paul, MN 55130
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