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

977 Payne Avenue, Saint Paul, MN 55130

$320,000
Property Type: Commercial Baths: 4 Lot Size (sq. ft.): 871 Status: Active
Current Price: $320,000 List Date: 11/11/2025 Last Modified: 6/26/2026

Overview

Description

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 flexibil ...

Listing Details MLS# 6806866

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
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

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

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
IDX
Listing Office: Keller Williams Premier Realty
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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