Anand Prashad, Broker
Property Description
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 Features
Property Type: Commercial - Business
Basement: Yes
Fuel Type: Natural Gas
Heating: Boiler, Forced Air, Radiant
Lot Size: 0.07 Acres
Roof Type: Age Over 8 Years, Flat
Stories: 2.0
Taxes: $9,880
Year Built: 1927
Feature Descriptions
Basement: Block, Full, Storage Space
Current Use: Commercial, Residential
Days on Site: 92
Foundation Size: 2400
Handicap Accessible: No Stairs Internal
Lot: Public Transit (w/in 6 blks), Corner Lot
Lot Dimensions: 29x116
Owners Expense: Exterior Maintenance, Heat, Insurance, Taxes, Water
Parcel#: 202922420122
Parking: Parking Lot
Road Frontage: City Street, Sidewalks
Sale Includes: Building
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel
Units: 5
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected
Local Schools
School District: St. Paul
Listed By / Shown By
Listed By
Agency Name: Grand Realty, LLC
Agency Phone: 651-489-5200
Shown By
Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty
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1321 Payne Avenue E | MLS# 7085772
This commercial property located at 1321 Payne Avenue E, Saint Paul, MN 55130 is currently listed for sale with an asking price of $499,900. Payne Avenue E is located within the St. Paul school district. Search Saint Paul real estate on aprashad.counselorrealty.com today.