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Property profile

1146 Payne Ave St Paul, MN 55106

FOR LEASE
Grocery and convenience stores
Property ID
US46-0543350
2,376 SF 0.29 ac lot Built 1966
Last sale Jun 2026 · $60,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a vacant, free-standing, one-story retail building in Saint Paul, Minnesota, constructed circa 1966, with approximately 2,386 square feet of retail space. The site includes a gas pump canopy and a pylon sign, and sits on approximately 0.289 acres of land. The property has six surface parking spaces with multiple access points. It is zoned B-2 (Community Business District), which permits a range of commercial uses and supports flexibility for redevelopment or alternative tenant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$482k
Assessed land$126k
Assessed improvement$356k
Effective rate2.70%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$225k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$168/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$113 – $245

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
L
JurisdictionRAMSEY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.8
HVAC Service12.5
Kitchen & Bath12.1

Location

1146 Payne Ave St Paul, MN 55106
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
959 Payne, Saint Paul, MN 55130-4003 $325,000 Oct 2024 4,760 SF
1197 Payne, Saint Paul, MN 55130-3642 $112,500 Jul 2024 2,058 SF
967 Payne, Saint Paul, MN 55130-3901 $1,400,000 Feb 2024 14,323 SF
990 Payne, Saint Paul, MN 55130-3987 $515,000 Jan 2020 29,484 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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