981 Payne Ave, Saint Paul, MN 55130

Exceptional opportunity to own a fully built-out commercial property in the heart of Saint Paul’s thriving Payne-Phalen corridor. This property features a large single commercial space totaling approximately 1,600 square feet, thoughtfully divided into three connected sections. Currently, two sections are occupied by a well-established beauty salon, while the third serves as a bright, modern barbershop/salon area. The flexible layout allows for continued use as a multi-operator salon or reconfiguration into a single cohesive retail or service space.

The property has undergone numerous recent upgrades, making it move-in ready and primed for increased rental income. With excellent visibility, strong street presence, and steady neighborhood foot traffic, this building represents an attractive value-add investment or turnkey opportunity for an owner-user seeking a presence along one of Saint Paul’s most active commercial corridors. Market rents in the area indicate clear potential for significant rent growth, further enhancing the property’s income profile.

The Payne Avenue corridor continues to experience major revitalization, anchored by the Hamm’s Brewery redevelopment and the Latino Economic Development Center’s multi-million-dollar transformation, which will introduce a new event center, commercial kitchen, restaurants, and retail to the area. These large-scale projects are driving both consumer activity and investor confidence, making this corridor one of the city’s most exciting areas for growth and reinvestment.

Positioned at the center of this momentum, 981 Payne Ave offers investors, business owners, or portfolio buyers a solid, income-producing asset in a high-growth, community-driven district that continues to attract long-term investment and development.