637 BARGE CHANNEL RD

PID: 092822310014· 2 fields stubbed (see below)

Property Overview

Parcel ID092822310014

Lot Size1,203,998 sq ft (27.640 ac)

Lot Dimensions (est.)2003 ft wide × 601 ft deep

Year Built2014

Property ClassIND WAREHOUSE

OwnerUS BANK GLOBAL CORPORATE TRUST

Assessed Value$8,281,800

Land Value$1,667,300

Building Value$6,614,500

Annual Tax—(stub)

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~100% coverage)

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

33 permits on record since 2015 · $3.5M total declared value · Most recent: Jun 2024 (mechanical)

MechanicalJun 2024Inspected

$67K

Mrs RANDAL RYAN RYAN MECHANICAL INC

ElectricalJun 2024Finaled

$300

STACY HOLMBOE (651-639-5130) MUSKA ELECTRIC COMPANY

ElectricalFeb 2024Finaled

$500

STACY HOLMBOE (651-639-5130) MUSKA ELECTRIC COMPANY

ElectricalDec 2022Finaled

$30K

ACE ELECTRICAL CONTRACTORS INC

MechanicalJun 2022Active/Issued

$24K

MICHAEL FITCH SCR 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

I2General Industrial

General Industrial — medium-intensity manufacturing and processing

Typical Uses

·Manufacturing
·Wholesale trade
·Freight terminals
·Salvage yards
·Breweries

Max Height75 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 width2,003 ft

Buildable depth586 ft

Area~1,099,498 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 1,099,498 sqft buildable area.

Est. units

10994

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 BELVIDERE ST E	PORT AUTHORITY OF ST PAUL	EXEMPT, VACANT LAND	$102,000	509 ft
795 BARGE CHANNEL RD	PORT AUTHORITY OF ST PAUL	EXEMPT PROP. OWNED BY PORT AUTHORITY	$9,117,100	1,054 ft
0 UNASSIGNED	MPLS ST PAUL MET AIRPORTS COM	EXEMPT PROP. ST PAUL AIRPORT AND MAC	$35,938,600	3,970 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.