UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision J R Weide Re L28-30B15 L1-2B16
MLS Listing ID 6806866
Year Built 1884
Annual Tax Amount $9,640
Tax Year 2025
Contingent None
Lot Size 1,219 Sqft
Lot Dimensions 49 X 25
Property Description
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.
Location
State MN
County Ramsey
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building, Fixture/Equipment, Leases, Rental License
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Asphalt,Rolled/Hot Mop
Present Use Commercial,Office,Other
Building
Story Three Or More
Foundation 1225
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District St. Paul
NEARBY SCHOOL & BUSINESS
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