Mixed-Use Building with Finished
For Sale
$400,000
Pending
985 Payne Avenue, Saint Paul, MN 55130
Commercial Sale, Saint Paul, MN
Property SizeContact for details
Lot Size0.05 Acres
Days on Market324
Property Features for 985 Payne Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Residential-Multi-Family
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Parking features
On Street
Subdivision
J R Weide Re L28-30b15 L1-2b16
High school district
St. Paul
Directions
35 E, TO MARYLAND TO PAYNE AVE
Standard status
Pending
APN
292922130156
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9366
Utilities
Heating system
Oil
Building Details
Year built
1917
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-5252
Listed By:
William Schultz
(651) 216-6814
Added: Nov 11, 2025
Changed: Oct 1
Last Checked: Oct 1 at 6:06AM
MLS# 6806885
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1917, this mixed-use property combines a ground-floor commercial area with residential units above. The commercial space measures approximately 1,510 square feet, with another 1,500 square feet of finished basement space. The upper-level residences have tall ceilings and adaptable layouts. Heating is oil, and parking is on street.
The property occupies a 0.052-acre parcel on Payne Avenue in Saint Paul. The surrounding corridor includes redevelopment projects identified at Hamm’s Brewery and the Latino Economic Development Center.
The property occupies a 0.052-acre parcel on Payne Avenue in Saint Paul. The surrounding corridor includes redevelopment projects identified at Hamm’s Brewery and the Latino Economic Development Center.
Key Highlights
- Approximately 1,510 square feet of main‑level commercial space
- An additional 1,500 square feet of finished basement area
- 0.052‑acre parcel on Payne Avenue
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,487
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level commercial area is paired with upper-floor apartments and additional finished space below grade.
Where is this mixed-use property located?
The property is located at 985 Payne Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 1,510 square feet of main‑level commercial space; An additional 1,500 square feet of finished basement area; 0.052‑acre parcel on Payne Avenue
