260 CHESTER ST

PID: 052822420002· 2 fields stubbed (see below)

Property Overview

Parcel ID052822420002

Lot Size216,058 sq ft (5.150 ac)

Lot Dimensions (est.)465 ft wide × 465 ft deep

Year Built1972

Property ClassIND WAREHOUSE

OwnerAMERICOLD REAL ESTATE LP

Assessed Value$5,011,800

Land Value$1,079,500

Building Value$3,932,300

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 width465 ft

Buildable depth450 ft

Area~194,197 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 194,197 sqft buildable area.

Est. units

1941

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	325 ft
0 CHESTER ST	AMERICOLD REAL ESTATE LP	INDUSTRIAL, VACANT LAND	$188,400	382 ft
0 UNASSIGNED	STATE OF MN MILITARY AFFAIRS	EXEMPT, VACANT LAND	$178,100	439 ft
206 AIRPORT RD W	STATE OF MN MILITARY AFFAIRS	EXEMPT PROP. OWNED BY STATE OF MN	$4,938,100	511 ft
345 PLATO BLVD E	PLATO 345 LLC	INDUSTRIAL, VACANT LAND	$2,254,300	520 ft
261 CHESTER ST	INDEPENDENT SCHOOL DIST 625	EXEMPT PROP. OWNED BY BD OF EDUC.	$2,805,900	527 ft
276 CHESTER ST	RBP REALTY LLC	FLEX INDUSTRIAL CENTER	$2,059,800	559 ft
240 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$6,261,100	631 ft
0 CHESTER ST	RBP REALTY LLC	INDUSTRIAL, VACANT LAND	$85,100	634 ft
264 LAFAYETTE FRONTAGE RD E	RBP REALTY LLC	FLEX INDUSTRIAL CENTER	$3,929,000	771 ft

Property History

Most Recent Sale

Date2024-02-05

Price$13,325,000

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.