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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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977 Payne Ave , Saint Paul, MN 55130
$320,000
Est. Payment: $1,653.27/mo
0 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 299
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9705 - 502239675
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House 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 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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Highlights

Listed by William Schultz , 651-216-6814 Keller Williams Premier Realty , 651-379-5252. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.03

Year Built

1884

County

Ramsey

 Neighborhood

J R Weide Re L28-30b15 L1-2b16

 School District

St. Paul

Listing ID

6806866

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Water:City Water/Connected

Exterior Features

Lot Dimensions:49 X 25
Zoning:Business/Commercial
Roof:Age 8 Years or Less,Asphalt,Rolled/Hot Mop
Sewer:City Sewer/Connected
Parking Features:On-Street Parking Only
Principal Interest
$1,653
Taxes
$803

Home Price

$320,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$64,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,653.27

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,653.27 $803.33 $0.00 $2,456.60
Yearly $19,839.24 $9,640.00 $0.00 $29,479.24
Total $595,177.32 $289,200.00 $0.00 $884,377.32
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Saint Paul, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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 Hatch Brokered by Real | Real Brokerage LLC | PLACE are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
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Data last updated: 2026-09-06T06:58:06.000Z

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