977 Payne Avenue Saint Paul, MN $ 320,000
977 Payne Avenue
$ 320,000
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977 Payne Avenue

Saint Paul, MN, 55130
$ 320,000
Bedrooms-- Baths4.0

Monthly Estimate*

$ 2,210

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Commercial Property for sale in Saint Paul, MN

for $320,000 with 4 full baths. This building was built in 1884 on a lot size of 0.028.

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.

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Commercial Active

Price

$ 320,000

Full Bath

4

Property Type

Commercial

Taxes

$ 9,640

Style

Lot Size

0.028

Year Built

1884

Town/City

Saint Paul

County/Region

Ramsey

MLS | Web ID

6806866

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Separate Heating Common Hot Water Common
Roof Age 8 Years or Less Asphalt Rolled/Hot Mop
Garage Spaces 0
Year Built 1884
Tenant Pays Electricity
Levels Three Or More
Tax Year 2025
Current Use Commercial Office Other
Gross Income 43200
Accessibility None
County Ramsey
Net Operating Income 21974
Operating Expense 21226
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name J R Weide Re L28-30b15 L1-2b16
Possible Use Office Other Professional Service Retail Shop Grocery Medical/Dental
Directions J R WEIDE RE L2B 30B15 L1 2B16 EX W 29 4/10 FT LOT 5 BLK 16
City Saint Paul
High School District St. Paul
Zoning Description Business/Commercial
Number Of Units Total 5
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 9640
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Leases Rental License
Lot Size Area 0.028
Lot Dimensions 49 X 25
Waterfront Y/N N
Foundation Area 1225
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Interior
Basement (Y/N) N
Total Bedrooms 0
Total Baths 4
Fuel Natural Gas
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Internal Only
Street Number 1 977
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* Excluded Features
List By
Keller Williams Premier Realty

Broker

william.schultz@kw.com

Email

Affordability Calculator

$3,013
Per Month
73%
27%
0%
Monthly Principal & Interest
$2,210
Monthly Property Taxes
$803
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
709337 Elementary School
708288 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$320,000 -12.33% Price Down
11/11/2025$365,000 Listed Price

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977 Payne Avenue, Saint Paul, MN, 55130 is a Commercial Property for sale at $320,000 with a lot size of 0.028. 977 Payne Avenue has 4.0 baths and was built in 1884. The property's zip code is 55130 which is in Saint Paul, MN