$290,000
1132 Payne Avenue Saint Paul, MN 55130
For Sale MLS# 6806880
Other
Details for 1132 Payne Avenue
MLS# 6806880
Description for 1132 Payne Avenue, Saint Paul, MN, 55130
Exceptional value-add investment opportunity in the heart of Saint Paul’s rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property’s prime location on Payne Avenue positions it perfectly to benefit from the area’s ongoing transformation.The Payne Avenue corridor is home to some of Saint Paul’s most ambitious redevelopment efforts. The Hamm’s Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center’s multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation.Whether you’re an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side’s next wave of revitalization.Buyer agent to confirm all measurements.
Listing Information
Property Type: Commercial
Status: Active
Bedrooms: 2
Bathrooms: 2
Lot Size: 0.06 Acres
Square Feet: 2,970 sq ft
Year Built: 1900
Foundation: 2,280 sq ft
Stories: 2 Stories
Subdivision: Holterhoff & Meads Add
Number Of Units Total: 3
Current Use: Beauty/Barber Shop,Commercial,Residential
County: Ramsey
Days On Market: 35
Construction Status: Previously Owned
School Information
District: 625 - St. Paul
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 3
Parking Description: On-Street Parking Only, gravel lot
Exterior: Other, Shakes, Fiber Board
Lot Dimensions: 24 X 95
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Leases,Rental License
Driving Directions
HOLTERHOFF AND MEADS ADDITION LOT 4 BLK 3
Financial Considerations
Tenant Pays: Electric
Owner Pays: Gas,Insurance,Sewer,Trash,Water
Gross Income: 34800
Tax/Property ID: 292922120038
Tax Amount: 5986
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Premier Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1132 Payne Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1132 Payne Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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