Saint Paul, MN 55130 977 Payne Avenue

Presented By: Keller Williams Premier Realty
  • MLS# 6806866
  • 11/11/2025
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  • Baths • 4

Home Details

Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective. Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation. Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue. Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.
Presented By: Keller Williams Premier Realty

Interior Features for 977 Payne Avenue

Bedrooms

Total Bedrooms

Bathrooms

Total Baths4

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General for 977 Payne Avenue

AccessibilityNone
Additional Parcels Y/NNo
CitySaint Paul
ContingencyNone
CountyRamsey
Current UseCommercial, Office, Other
DirectionsJ R WEIDE RE L2B 30B15 L1 2B16 EX W 29 4/10 FT LOT 5 BLK 16
Garage Spaces
Gross Income43200
HeatingForced Air
High School DistrictSt. Paul
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
Net Operating Income21974
New ConstructionNo
Number Of Units Total5
Operating Expense21226
OwnerPaysGas, Insurance, Sewer, Trash Collection, Water
Possible UseOffice, Other, Professional Service, Retail, Shop, Grocery, Medical/Dental
PostalCitySaint Paul
Property TypeCommercial Sale
RoofAge 8 Years or Less, Asphalt, Rolled/Hot Mop
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJ R Weide Re L28-30b15 L1-2b16
Tax Annual Amount9640
Tax Year2025
Tenant PaysElectricity
UtilitiesElectric Separate, Heating Common, Hot Water Common
Year Built1884
Zoning DescriptionBusiness/Commercial

Exterior for 977 Payne Avenue

Foundation Area1225
InclusionsBuilding, Fixture/Equipment, Leases, Rental License
Lot Dimensions49 X 25
Lot Size Area0.028
Parking FeaturesOn-Street Parking Only
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $365,000
MLS#6806866
List Date 11/11/2025
Property Type Commercial
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