345 PLATO BLVD E

PID: 052822130021· 2 fields stubbed (see below)

Property Overview

Parcel ID052822130021

Lot Size645,559 sq ft (14.760 ac)

Lot Dimensions (est.)1038 ft wide × 622 ft deep

Year Built1979

Property ClassIND WAREHOUSE

OwnerPLATO 345 LLC

Assessed Value$14,250,100

Land Value$3,227,000

Building Value$11,023,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

Saint Paul STAR Grants & LoansMedium

Saint Paul's Sales Tax Revitalization (STAR) program provides grants and loans for commercial, mixed-use, and neighborhood improvement projects. Applications accepted annually.

Saint Paul — STAR Program ↗

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

50 permits on record since 2017 · $4.4M total declared value · Most recent: Nov 2024 (electrical)

ElectricalNov 2024Finaled

$7K

STEVE HALVERSON GEPHART ELECTRIC

Fire EngineeringOct 2024Finaled

—

JIM LARSON / ED PUCHTEL ZAHL-PETROLEUM MAINTENANCE CO

Fire EngineeringJul 2024Issued

—

BRAD ZURN INTERNATIONAL FIRE PROTECTION

ElectricalJun 2024Finaled

$20K

PRAIRIE ELECTRIC CO INC

ElectricalMay 2024Finaled

$10K

STACY HOLMBOE (651-639-5130) MUSKA ELECTRIC COMPANY

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

West Side Community Organization · Saint Paul

Median reported rent1,072/mo

Renter-occupied61.1%

Median home value$229K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 361

Zoning

I1Light Industrial

Light Industrial — low-impact manufacturing and warehousing

Typical Uses

·Light manufacturing
·Warehousing
·Bus/rail facilities
·Gun shops
·Food production

Max Height50 ft

Min Setbacks

Front

0 ft

Side

0 ft (6 ft if adj. residential)

Rear

0 ft (6 ft if adj. residential)

Development Potential

Setbacks

Front15 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width1,038 ft

Buildable depth607 ft

Area~593,459 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on mid-rise concrete (50+ units) benchmarks for 593,459 sqft buildable area.

Est. units

5934

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
410 FILLMORE AVE E	3M COMPANY	MANUFACTURING AND ASSEMBLY LIGHT	$7,381,300	529 ft
358 FILLMORE AVE E	APEX HOLDINGS LLC	MANUFACTURING AND ASSEMBLY LIGHT	$5,706,000	687 ft
240 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$6,261,100	771 ft
443 FILLMORE AVE E	FILLMORE PARTNERS LLC	TRUCK TERMINAL	$1,165,100	853 ft
345 PLATO BLVD E	PLATO 345 LLC	INDUSTRIAL, VACANT LAND	$2,254,300	890 ft
0 FILLMORE AVE E	FILLMORE PARTNERS LLC	INDUSTRIAL, VACANT LAND	$447,100	911 ft

Property History

Most Recent Sale

Date2021-07-01

Price$16,087,229

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount. See README for details on which sources are live vs. stubbed.