# 1132 Payne Avenue, Saint Paul, MN 55130

> **TL;DR:** 2bd/0ba commercial, $290,000, built 1900. Est. $1,257/mo. Listed 150 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $290,000 |
| Bedrooms | 2 |
| Year Built | 1900 |
| Lot Size | 2,526 sqft (0.06 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 150 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,257 |
| **Total** | **$1,257** |

## Property Highlights

- Built in 1900
- 0.06 acre lot

## Description

### Agent Description
Exceptional value-add investment opportunity in the heart of Saint Paul’s rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property’s prime location on Payne Avenue positions it perfectly to benefit from the area’s ongoing transformation.
The Payne Avenue corridor is home to some of Saint Paul’s most ambitious redevelopment efforts. The Hamm’s Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center’s multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation.
Whether you’re an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side’s next wave of revitalization.
Buyer agent to confirm all measurements.

## Location

- **Address:** 1132 Payne Avenue, Saint Paul, MN 55130
- **County:** Ramsey-MN
- **Neighborhood:** Holterhoff & Meads Add
- **Coordinates:** 44.975311, -93.073207
- **Google Maps:** https://www.google.com/maps?q=44.975311,-93.073207

## Listing Agent

- **Name:** William Schultz
- **Brokerage:** Keller Williams Premier Realty
- **Phone:** 6513795252
- **Email:** william.schultz@kw.com

## Primary Photo

![1132 Payne Avenue - Primary Photo](http://lh.rdcpix.com/cd4065770049898cc0c9a1ab3b150b38l-f3049347618r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/1132-payne-avenue-saint-paul-mn-55130-6806880)*

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**MLS#:** 6806880 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1132-payne-avenue-saint-paul-mn-55130-6806880)

---

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