747 Payne Ave - Warehouse FOR SALE


Saint Paul, MN 55130- Payne-Phalen
$1,441,000 USD
747 Payne Ave, Saint Paul, MN for Sale
$1,441,000 USD
Warehouse - FOR SALE
1/21
null | Request Cap Rate

747 Payne Ave
Saint Paul, MN 55130
Payne-Phalen


HIGHLIGHTS

  • Corner-lot industrial commercial building with excellent access to I-94, I-35E, and downtown St. Paul
  • Standalone cinder block and brick construction with recent upgrades to HVAC, windows, lighting, paint, and roofing
  • Flexible zoning supporting industrial, retail, service, contractors, wellness, storage, restaurant, grocery, and limited cannabis processing uses
  • Multiple functional spaces with drive-in access, loading dock, ramp access, and Phase 3 power with backup generator options
  • Situated within the Payne Avenue Beautification Project corridor supporting economic vibrancy and enhanced pedestrian environment
  • Located directly across from the St. Paul Police Eastern District Station on a high-visibility commercial corridor

OVERVIEW

Positioned on a prominent corner along the revitalizing Payne Avenue commercial corridor, this standalone industrial commercial property at 747 Payne Avenue offers a compelling blend of flexibility, functionality, and long-term value within the St. Paul marketplace. Constructed with durable cinder block and brick, the building represents a rare urban industrial asset in the city—enhanced by a series of meaningful capital improvements including new windows added in late 2023 and early 2026, updated HVAC systems in 2024, LED lighting, steel entry doors, fresh interior and exterior paint, and roofing upgrades scheduled for completion in 2026. The property’s layout supports a wide range of uses through four distinct spaces featuring drive-in access, a loading dock, ramp access, Phase 3 power, and a backup generator. Heated and non-heated areas accommodate various operational needs, while practical additions including restrooms, utility sinks, and storage enhance day-to-day functionality. Zoned for industrial commercial use, the site is approved for general retail, grocery, restaurant, light industrial, wellness, health clubs, service businesses, storage, and limited production and processing under 15,000 square feet of cannabis cultivation or manufacturing.

FOR SALE DETAILS

PRICE

$1,441,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,386

ZONING

T2

APN/PARCEL ID

29-29-22-43-0091

ASK ABOUT THIS PROPERTY

Jeff SalzbrunCommercial Equities Group IncMore Info

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Jeff SalzbrunCommercial Equities Group IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.