977 Payne Avenue, Saint Paul, MN 55130 (MLS# 6806866)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1884
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1225
For Sale or Lease: For Sale
Acres: 0.02
Lot Dimensions: 49 X 25
Assessment Pending: Unknown
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None Assumable Loan: Not Assumable CMU Style: Mixed Use; Office; Other Construction Status: Previously Owned Current Use: Commercial; Office; Other Existing Financing: Conventional Exterior: Brick/Stone Foundation: Brick/Mortar; Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Contract for Deed; Conventional; Trade Lock Box Type: None On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Insurance; Sewer; Trash Collection; Water Potential Use: Grocery; Office; Other; Professional; Retail; Shop Roof: Age 8 Years or Less; Asphalt Shingles; Asphalt-Rolled Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 320000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 977
Street Name: Payne
Street Suffix: Avenue
Postal City: Saint Paul
County: Ramsey
State: MN
Zip Code: 55130
Complex/Dev/Subdivision: J R Weide Re L28-30b15 L1-2b16

Assessments

Tax With Assessments: 9640
Assessment Balance: 0

Building Information

Building Finished SqFt: 4200

More Information

Income and Expenses

Annual Gross Expenses: 21226
Annual Gross Income: 43200
Annual Net Income: 21974

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 29
Township#: 29

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases, Rental License

Unit 1

Unit Number: A
Monthly Rent: 1250
Half Baths: Yes
Total Bathrooms: Yes
Level: Main Level
Leased?: No

Unit 2

Half Baths: Yes
Leased?: No
Level: 2nd Level
Monthly Rent: 450
Total Bathrooms: Yes
Unit Number: B

Unit 3

Half Baths: Yes
Leased?: No
Level: 2nd Level
Monthly Rent: 300
Total Bathrooms: Yes
Unit Number: C

Unit 4

Half Baths: Yes
Leased?: No
Level: 3rd Level
Monthly Rent: 1600
Total Bathrooms: Yes
Unit Number: D

Unit Details

Total Units: 5

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: J R WEIDE RE L28 30B15 L1 2B16 EX W 29 4/10 FT LOT 5 BLK 16
Listing City: Saint Paul
Map Page: 108
Municipality: Saint Paul
School District: St. Paul
School District Phone: 651-767-8100
Property ID Number: 292922130157
Tax Year: 2025
Tax Amount: 9640
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: J R WEIDE RE L2B 30B15 L1 2B16 EX W 29 4/10 FT LOT 5 BLK 16

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Foundation

Brick/Mortar: Yes
Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Owner Pays

Gas: Yes
Insurance: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes
Asphalt-Rolled: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Mixed Use: Yes
Office: Yes
Other: Yes

Current Use

Commercial: Yes
Office: Yes
Other: Yes

Loan Terms

Cash: Yes
Contract for Deed: Yes
Conventional: Yes
Trade: Yes

Potential Use

Grocery: Yes
Office: Yes
Other: Yes
Professional: Yes
Retail: Yes
Shop: Yes