308 STATE ST

PID: 052822340002· 2 fields stubbed (see below)

Property Overview

Parcel ID052822340002

Lot Size33,977 sq ft (0.790 ac)

Lot Dimensions (est.)240 ft wide × 142 ft deep

Year Built1970

Property ClassIND WAREHOUSE

OwnerJAMES K MCCLEARY TR

Assessed Value$1,013,100

Land Value$239,900

Building Value$773,200

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 width240 ft

Buildable depth127 ft

Area~24,005 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 24,005 sqft buildable area.

Est. units

240

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
324 STATE ST	SCANLAN INTERNATIONAL INC	OFFICE BUILDING 1-2 STORIES	$1,517,800	254 ft
299 LAFAYETTE RD	PSA INVESTORS ONE, LP	MINI STORAGE/WAREHOUSE	$14,948,500	261 ft
278 STATE ST	CEC 278RE LLC	IND WAREHOUSE	$1,697,200	308 ft
295 STATE ST	LEE HOLDING LLC	IND WAREHOUSE	$4,958,100	374 ft
273 LAFAYETTE FRNTGE RD W	CC52 INVESTMENTS LLC	IND WAREHOUSE	$2,085,400	439 ft
355 STATE ST	VIKING DRILL AND TOOL INC	MANUFACTURING AND ASSEMBLY LIGHT	$7,618,500	443 ft
0 UNASSIGNED	VIKING DRILL & TOOL INC	EXEMPT, VACANT LAND	$36,800	494 ft
0 UNASSIGNED	PORT AUTHORITY OF ST PAUL	EXEMPT, VACANT LAND	$47,000	516 ft
0 FLORIDA ST	VIKING DRILL AND TOOL INC	INDUSTRIAL, VACANT LAND	$239,300	561 ft
155 EATON ST	LOEHRER ACQUISITIONS LLC	IND WAREHOUSE	$2,298,200	564 ft

Property History

Most Recent Sale

Date2004-08-03

Price$1,000,000

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.