1 RIDDER CIR

PID: 052822140001· 2 fields stubbed (see below)

Property Overview

Parcel ID052822140001

Lot Size379,843 sq ft (10.170 ac)

Lot Dimensions (est.)814 ft wide × 467 ft deep

Year Built1981

Property ClassMANUFACTURING AND ASSEMBLY LIGHT

OwnerRIDDER INDUSTRIAL LLC

Assessed Value$7,539,700

Land Value$1,520,000

Building Value$6,019,700

Annual Tax—(stub)

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~2% coverage)

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

47 permits on record since 2015 · $3.7M total declared value · Most recent: Nov 2023 (electrical)

ElectricalNov 2023Finaled

$22K

CAL-TEX ELECTRIC INC

Building PermitSep 2023Finaled

$500K

Will Gorilla Interstate Development

Fire EngineeringJan 2023Issued

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

Building PermitAug 2022Active/Issued

$455K

SINGLE PLY SYSTEMS INC

Warm Air, Ventilation & General SheetJul 2022Active/Issued

$21K

SINGLE PLY SYSTEMS INC

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

I2General Industrial

General Industrial — medium-intensity manufacturing and processing

Typical Uses

·Manufacturing
·Wholesale trade
·Freight terminals
·Salvage yards
·Breweries

Max Height75 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 width814 ft

Buildable depth452 ft

Area~402,960 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 402,960 sqft buildable area.

Est. units

4029

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	CITY OF ST PAUL	EXEMPT, VACANT LAND	$159,300	332 ft
0 UNASSIGNED	CITY OF ST PAUL	EXEMPT, VACANT LAND	$82,300	402 ft
0 UNASSIGNED	MPLS ST PAUL MET AIRPORTS COM	EXEMPT PROP. ST PAUL AIRPORT AND MAC	$35,938,600	3,625 ft

Property History

Most Recent Sale

Date2020-05-13

Price$5,600,000

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.