977 Payne Avenue, Saint Paul, MN 55130
sale
$365,000
|
Other
Courtesy Of Keller Williams Premier Realty
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.
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.
Read More About This Property
Read Less About This Property
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Forced Air
- Legal Description: J R WEIDE RE L28 30B15 L1 2B16 EX W 29 4/10 FT LOT 5 BLK 16
- MLSID: 6806866
- Roof Type: Asphalt
- Roof Type: Shingle
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$450,000
Other
767 University Avenue W
Saint Paul, MN 55104
Land: 0.22 Acres
Courtesy Of John Lynden and Associates, Ltd. dba Lynden Realty, Ltd.
sale
$409,900
Other
1103 Weir Drive 200
Woodbury, MN 55125
Land: 0.07 Acres
Courtesy Of RE/MAX Professionals
sale
$400,000
Other
985 Payne Avenue
Saint Paul, MN 55130
Land: 0.05 Acres
Courtesy Of Keller Williams Premier Realty
sale
$350,000
Other
1051 Hudson Road
Saint Paul, MN 55106
Land: 0.11 Acres
Courtesy Of Keller Williams Premier Realty