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$400,000
7067823 MLS
Opportunity and value in a highly visible Saint Paul Midway location. This 0.36-acre asphalt-paved parking lot is zoned IT – Transitional Industrial District and offers exceptional positioning along University Avenue. The site features dual access points from University Avenue and Transfer Road, with convenient connectivity just minutes from both downtown Minneapolis and downtown Saint Paul, plus immediate access to Highway 280 and I-94. Located within an Opportunity Zone and adjacent to a newly constructed self-storage facility, the property is just two blocks from the Fairview & Raymond Green Line Station and directly served by Metro Transit bus routes 63, 67, and 87. Surrounding area amenities include Allianz Field, University of Minnesota, Surly Brewing Co., Target Corporation, Menards, Goodwill Industries, and major healthcare providers including Fairview. Setback requirements are 0' for building heights up to 35 feet, 15' for heights between 35–50 feet, and 30' for taller structures. Traffic counts average approximately 17,800 vehicles per day on University Avenue and 5,700 vehicles per day on Transfer Road.

2119 University Avenue, Saint Paul

Listing courtesy of Coldwell Banker Realty - Lakes.

$375,000
3 Baths 7052542 MLS
Outstanding value! Priced at approximately one-third the price per square foot of many competing commercial properties, this prime corner office building at Smith Avenue and Baker Street offers a rare opportunity to acquire over 5,200 square feet of commercial space at an exceptionally attractive price and offering excellent visibility and high traffic exposure with convenient access to Downtown St Paul. Zoned B2 for small business use (under 10,000 SF), the property presents a versatile opportunity for a variety of commercial uses. The building offers approximately 5,279 total square feet, including 2,592 square feet on the main level and 2,687 square feet in the lower level. Currently configured as two separate office suites, the property provides flexibility for owner-users, investors, or future redevelopment. The left suite, occupied by a long-standing St. Paul insurance company, features approximately 1,400 finished square feet, including separate restrooms, a utility room, storage space, and direct access to a loading area. The right suite, most recently leased to a computer repair business, offers approximately 1,000 finished square feet. The full lower level is currently utilized for storage, adding additional functional space and potential. Both suites are expected to be vacant by May 2026, creating a prime opportunity for occupancy or repositioning. Situated on a 3,165 square foot lot in a highly visible location, this property offers strong potential for an owner-operator, investor, or developer. See MLS supplements for detailed floor plans.

640 Smith Avenue S, Saint Paul

Listing courtesy of RE/MAX Results.

$320,000
4 Baths 6806866 MLS
Exceptional mixed-use investment opportunity along the rapidly redeveloping Payne-Phalen corridor. This property stands out among others on Payne Avenue for its expandable upper-level space and strong value-add potential. The building currently includes well-maintained commercial space on the main level and an upper level that offers an incredible opportunity to build out additional office suites or even convert into a residential unit. The third-floor space already has existing plumbing and electrical infrastructure, making future construction more efficient and cost-effective. Investors and owner-operators have multiple paths to create value here, either by renovating and renting the existing upper-level offices, or by reconfiguring the layout to add two to three new office spaces. For those with a creative vision, the upper level could also be converted into a spacious apartment or mixed live-work setup. Whichever route is chosen, 977 Payne Ave offers significant upside and flexibility to tailor the property to maximize income and appreciation. Located in one of Saint Paul’s most energetic redevelopment corridors, this property benefits from proximity to major area investments, including the Hamm’s Brewery redevelopment, which will bring new housing, retail, and community gathering spaces, and the Latino Economic Development Center’s multi-million-dollar revitalization project, featuring a large event center, commercial kitchen, restaurants, and retail spaces. These transformative projects are driving renewed economic energy, consumer traffic, and property value growth along Payne Avenue. Positioned in the heart of this momentum, 977 Payne Ave offers an unbeatable opportunity to acquire a flexible, income-producing property with built-in expansion potential in a neighborhood on the rise.

977 Payne Avenue, Saint Paul

Listing courtesy of Keller Williams Premier Realty.

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