Listed By
Agency Name: Keller Williams Premier Realty
Agency Phone: 651-379-5252
Shown By
Agent Name: Jeanne Hauser, Broker/Agent
Agent Phone: (651) 269-2987
Agency Title: Counselor Realty
Property Description
Outstanding mixed-use investment opportunity located in the heart of the rapidly growing Payne-Phalen corridor. This 4-unit property features one expansive commercial space (that has been rented as separate spaces in the past) and 2 large residential units, offering multiple income streams and strong value-add potential. The main-level commercial space spans approximately 1,510 square feet with an additional 1,500 square feet of finished basement space, perfect for storage or conversion into additional leasable areas. The commercial unit could rent for as much as $3,000 per month, or be subdivided into multiple smaller spaces to maximize returns.Upstairs, the 2 residential units are spacious and feature tall ceilings and flexible layouts, providing ideal conditions for interior upgrades that could command higher market rents. With thoughtful improvements, this property has the potential to generate excellent cash flow and appreciation in a district primed for growth.The Payne Avenue corridor is undergoing one of Saint Paul's most significant redevelopment pushes, anchored by the Hamm's Brewery revitalization project and the Latino Economic Development Center's multi-million-dollar renovation, which will introduce a new event center, commercial kitchen, restaurants, and retail destinations to the area. These transformative projects are driving new investment, foot traffic, and business activity along Payne Avenue, making this the perfect time to acquire a property in this emerging commercial hub.Positioned to benefit from the East Side's resurgence, 985 Payne Ave offers investors and owner-operators alike the opportunity to participate in the neighborhood's exciting next chapter while building long-term equity through strategic upgrades and rental optimization.Buyer agents to verify all measurements.
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985 Payne Avenue, Saint Paul, MN 55130
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985 Payne Avenue, Saint Paul, MN 55130
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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985 Payne Avenue | MLS# 6806885
This commercial property located at 985 Payne Avenue, Saint Paul, MN 55130 is currently listed for sale with an asking price of $400,000. Payne Avenue is located within the St. Paul school district. Search Saint Paul real estate on jhauser.counselorrealty.com today.