For Sale Commercial MLS# 7085772

1321 Payne Avenue E

Saint Paul, MN 55130

$499,900

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About 1321 Payne Avenue E

Potential for great cash flow! Classic brick mixed-use building on highly visible Payne Avenue featuring two commercial storefronts and three apartments above. The residential units include two 1-bedroom apartments and one 2-bedroom, 1-bath apartment. Recent seller improvements include a new water service line, updated electrical service for the front storefront, newer forced-air furnace and water heater, plus a newer boiler and water heater serving the apartments and rear commercial space. Both storefronts feature updated bathrooms and full kitchens with quality cabinetry and appliances. The commercial spaces can be operated separately or combined into one larger business location. The larger storefront also includes access to a clean, dry basement with an additional bathroom, offering excellent storage and potential expansion space. Off-street parking is available behind the building, with abundant street parking nearby. Ideal for investors or owner-occupants seeking a flexible income-producing property.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1927
Stories
Two
Living area
7,200 sqft
Price / sqft
$69
Lot
0.074
Original price
$524,900
MLS #
7085772

Interior

Features
Boiler, Forced Air, Radiant, Block, Full, Storage Space, Luxury Vinyl Tile, Wood
Flooring
Luxury Vinyl Tile, Wood
Heating
Boiler, Forced Air, Radiant

Exterior & lot

Features
Brick Veneer, Parking Lot
Construction
Two, Block, Age Over 8 Years, Flat
Roof
Age Over 8 Years, Flat
Foundation
Block
Lot
202922420122, Commercial, Residential
Parking
Parking Lot

Schools

District
St. Paul Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate, Heating Separate, Hot Water Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$9,880
Tax year
2025
Parcel
202922420122

Location

Subdivision
Denny Hill Add
County
Ramsey
Neighborhood
Payne-Phalen
Community
Ramsey, City Street, Sidewalks, northstar, St. Paul
Directions
Maryland Ave to Payne, North to property

Location

Neighborhood
Payne-Phalen
Subdivision
Denny Hill Add
School district
St. Paul Public School District

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Questions on 1321 Payne Avenue E, Saint Paul, MN 55130, or want to see it in person?

Listed by Daniel R. Fowlds, Grand Realty, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.