206 AIRPORT RD W

PID: 052822410001· 2 fields stubbed (see below)

Property Overview

Parcel ID052822410001

Lot Size101,930 sq ft (2.360 ac)

Lot Dimensions (est.)195 ft wide × 524 ft deep

Year Built1930

Property ClassEXEMPT PROP. OWNED BY STATE OF MN

OwnerSTATE OF MN MILITARY AFFAIRS

Assessed Value$4,938,100

Land Value$305,300

Building Value$4,632,800

Annual Tax—(stub)

Environmental Constraints

FloodplainYes — Zone AE

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

13 permits on record since 2016 · $158K total declared value · Most recent: Oct 2020 (fire engineering)

Fire EngineeringOct 2020Issued

—

Michelle Cottingham LVC Companies

ElectricalOct 2020Active/Issued

$1K

Michelle Cottingham LVC Companies

ElectricalAug 2020Finaled

$3K

David Schroeder DIVISION 16 ELECTRIC LLC

PlumbingMay 2019Finaled

$3K

EUGENE MEIVES POWER PLUMBING LLC

ElectricalOct 2018Finaled

$800

Len Reinhardt SUPREME ELECTRIC 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

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 width195 ft

Buildable depth509 ft

Area~81,625 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 81,625 sqft buildable area.

Est. units

816

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	MIDWESTERN RR PROP INC	RAILROAD REAL PROP USED IN OPERATION	$876,200	217 ft
0 UNASSIGNED	STATE OF MN MILITARY AFFAIRS	EXEMPT, VACANT LAND	$178,100	420 ft
260 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$5,011,800	511 ft
0 CHESTER ST	AMERICOLD REAL ESTATE LP	INDUSTRIAL, VACANT LAND	$188,400	548 ft
276 CHESTER ST	RBP REALTY LLC	FLEX INDUSTRIAL CENTER	$2,059,800	655 ft
240 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$6,261,100	924 ft
0 FILLMORE AVE E	ST PAUL PW FLOOD CONTROL	EXEMPT, VACANT LAND	$1,207,200	1,328 ft
0 UNASSIGNED	MPLS ST PAUL MET AIRPORTS COM	EXEMPT PROP. ST PAUL AIRPORT AND MAC	$35,938,600	2,582 ft

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.