345 PLATO BLVD E

PID: 052822420004· 3 fields stubbed (see below)

Property Overview

Parcel ID052822420004

Lot Size313,632 sq ft (7.170 ac)

Lot Dimensions (est.)595 ft wide × 527 ft deep

Year Built—(stub)

Property ClassINDUSTRIAL, VACANT LAND

OwnerPLATO 345 LLC

Assessed Value$2,254,300

Land Value$2,254,300

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

8 permits on record since 2017 · $548K total declared value · Most recent: Feb 2018 (electrical)

ElectricalFeb 2018Finaled

$5K

Merit Electric Co

ElectricalNov 2017Finaled

$5K

Merit Electric Co

ElectricalNov 2017Finaled

$268K

ZACK GORG COLLINS ELECTRICAL CONSTRUCTION CO

ElectricalSep 2017Finaled

$268K

ZACK GORG COLLINS ELECTRICAL CONSTRUCTION CO

Fire EngineeringSep 2017Finaled

—

SEAN SABERY LIFESAVER FIRE PROTECTION, 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 width595 ft

Buildable depth512 ft

Area~274,525 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 274,525 sqft buildable area.

Est. units

2745

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 PLATO BLVD E	PLATO 345 LLC	INDUSTRIAL, VACANT LAND	$333,000	268 ft
260 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$5,011,800	520 ft
261 CHESTER ST	INDEPENDENT SCHOOL DIST 625	EXEMPT PROP. OWNED BY BD OF EDUC.	$2,805,900	554 ft
0 CHESTER ST	RBP REALTY LLC	INDUSTRIAL, VACANT LAND	$85,100	595 ft
264 LAFAYETTE FRONTAGE RD E	RBP REALTY LLC	FLEX INDUSTRIAL CENTER	$3,929,000	656 ft
240 CHESTER ST	AMERICOLD REAL ESTATE LP	IND WAREHOUSE	$6,261,100	710 ft
0 CHESTER ST	AMERICOLD REAL ESTATE LP	INDUSTRIAL, VACANT LAND	$188,400	711 ft
345 PLATO BLVD E	PLATO 345 LLC	IND WAREHOUSE	$14,250,100	890 ft

Property History

Most Recent Sale

Date2021-07-01

Price$16,087,229

Type—

Stub notice: The following fields could not be fetched from live sources and are shown as "—": taxHistory, taxAmount, yearBuilt. See README for details on which sources are live vs. stubbed.