60 PLATO BLVD E

PID: 052822330059· 2 fields stubbed (see below)

Property Overview

Parcel ID052822330059

Lot Size121,097 sq ft (2.980 ac)

Lot Dimensions (est.)711 ft wide × 170 ft deep

Year Built1913

Property ClassOFFICE BUILDING 3+ STORIES

OwnerDRAKE BUILDING LLC

Assessed Value$5,542,000

Land Value$847,700

Building Value$4,694,300

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsPresent (~32% coverage)

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

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

Permit History

50 permits on record since 2018 · $3.0M total declared value · Most recent: Jun 2025 (electrical)

ElectricalJun 2025Inspected

$3K

SCS ELECTRIC LLC

Building PermitApr 2025Inspected

$29K

BRAD GREENINGER GREEN CONSTRUCTION SERVICES INC

ElectricalDec 2024Finaled

$11K

Fraser Morris

ElectricalDec 2024Finaled

$2K

Fraser Morris

Building PermitDec 2024Finaled

$37K

REILING CONSTRUCTION CO 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 rent879/mo

Renter-occupied54.2%

Median home value$242K

Vacancy rate9.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 371

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 width711 ft

Buildable depth155 ft

Area~99,941 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 99,941 sqft buildable area.

Est. units

999

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	DRAKE BUILDING LLC	COMMERCIAL VACANT LAND	$10,900	143 ft
0 UNASSIGNED	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$69,100	247 ft
222 STARKEY ST	R AND M HOLDINGS LLC	IND WAREHOUSE	$1,975,100	313 ft
0 STARKEY ST	R AND M HOLDINGS LLC	INDUSTRIAL, VACANT LAND	$113,200	351 ft
0 PLATO BLVD E	DRAKE BUILDING LLC	COMMERCIAL VACANT LAND	$867,400	365 ft
0 STARKEY ST	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$36,900	400 ft
0 PLATO BLVD W	FILLMORE AVENUE APARTMENTS LLC	COMMERCIAL VACANT LAND	$348,300	415 ft
0 UNASSIGNED	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$12,300	472 ft
226 STARKEY ST	BOLANDER REAL ESTATE LLC	IND WAREHOUSE	$3,160,600	476 ft
193 ROBERT ST S	FILLMORE AVENUE APARTMENTS LLC	COMMERCIAL VACANT LAND	$323,500	509 ft

Property History

Most Recent Sale

Date2001-03-01

Price$1,300,000

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.