240 PLATO BLVD

PID: 052822310033· 2 fields stubbed (see below)

Property Overview

Parcel ID052822310033

Lot Size16,117 sq ft (2.030 ac)

Lot Dimensions (est.)349 ft wide × 46 ft deep

Year Built1968

Property ClassEXEMPT, CONDO OFFICE UNIT

OwnerHAP PLATO HOLDING CO

Assessed Value$1,825,400

Land Value$337,300

Building Value$1,488,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

No permits found in Saint Paul open data for this parcel.

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 width349 ft

Buildable depth31 ft

Area~69,291 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 69,291 sqft buildable area.

Est. units

692

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
240 PLATO BLVD E	HAP PLATO HOLDING CO	EXEMPT, CONDO OFFICE UNIT	$1,534,300	0 ft
245 LAFAYETTE RD	ARIANA INVESTMENTS LLC	OFFICE BUILDING 1-2 STORIES	$1,110,300	243 ft
251 W LAFAYETTE FRONTAGE RD	SCHOPFER INVESTMENTS LLC	OFFICE BUILDING 1-2 STORIES	$2,019,400	270 ft
0 STATE ST	THE PHOENIX RESIDENCE INC	EXEMPT, VACANT LAND	$282,100	308 ft
253 STATE ST	CENTRAL PARK UNITED METHODIST CHURCH	EXEMPT, CHURCH, PUBLIC WORSHIP, PRIV	$1,608,200	331 ft
222 PLATO BLVD E	THE PHOENIX RESIDENCE INC	EXEMPT, WELFARE/CHARIT FACILITY	$1,475,100	375 ft
0 UNASSIGNED	PORT AUTHORITY OF ST PAUL	EXEMPT, VACANT LAND	$45,700	444 ft
278 STATE ST	CEC 278RE LLC	IND WAREHOUSE	$1,697,200	457 ft
255 PLATO BLVD E	DFL PARTY BUILDING FUND INC	OFFICE BUILDING 1-2 STORIES	$1,287,500	461 ft
273 LAFAYETTE FRNTGE RD W	CC52 INVESTMENTS LLC	IND WAREHOUSE	$2,085,400	471 ft

Property History

Most Recent Sale

Date2020-11-05

Price$4,753,134

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.