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871 Payne Ave 7,000 SF 100% Leased Retail Building Saint Paul, MN 55130 $529,000 ($75.57/SF)
Investment Highlights
- Located along the Payne Avenue corridor in Saint Paul in an opportunity zone, the property benefits from strong neighborhood connectivity.
Executive Summary
871 Payne Avenue presents a compelling opportunity for investors and owner-users seeking well-located neighborhood retail real estate within the Twin Cities metro. The property features strong street presence along the active Payne Avenue corridor, offering excellent visibility, prominent signage opportunities, and consistent local traffic exposure. The building offers flexible interior configurations suitable for a variety of retail, service, office, or owner-user concepts, allowing for immediate occupancy or future repositioning opportunities. Functional layouts, customer-accessible entry points, and well-maintained building systems support efficient day-to-day operations and long-term usability. With its established urban location, adaptable floor plan, and potential for stable occupancy, the asset is well-positioned for investors seeking long-term appreciation potential, and continued demand from neighborhood-oriented tenants and businesses.
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Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1913
Price
$529,000
Price Per SF
$75.57
Percent Leased
100%
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
1.75
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
B-2
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-29-22-42-0188 | Improvements Assessment | $546,200 |
| Land Assessment | $40,000 | Total Assessment | $586,200 |
Property Taxes
Parcel Number
29-29-22-42-0188
Land Assessment
$40,000
Improvements Assessment
$546,200
Total Assessment
$586,200
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