155 RANDOLPH AVE

PID: 122823110008· 2 fields stubbed (see below)

Property Overview

Parcel ID122823110008

Lot Size2,749,507 sq ft (67.570 ac)

Lot Dimensions (est.)1678 ft wide × 1638 ft deep

Year Built1956

Property ClassCOMM LD&IMPRO OWN BY PUB UTI TH RAIL

OwnerNORTHERN STATES POWER CO

Assessed Value$39,629,700

Land Value$8,147,000

Building Value$31,482,700

Annual Tax—(stub)

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~100% coverage)

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

6 permits on record since 2016 · $78K total declared value · Most recent: Aug 2023 (building permit)

Building PermitAug 2023Active/Issued

$15K

DEEDEE BROOK XCEL ENERGY

FenceMay 2019Active/Issued

$50K

TOWN & COUNTRY FENCE

FenceApr 2019Active/Issued

—

TOWN & COUNTRY FENCE

ElectricalSep 2017Inspected

$5K

NEO ELECTRICAL SOLUTIONS LLC

ElectricalSep 2017Inspected

$5K

NEO ELECTRICAL SOLUTIONS LLC

Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

West 7th St / Fort Road Federation · Saint Paul

Median reported rent1,718/mo

Renter-occupied62.6%

Median home value$383K

Vacancy rate7.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 360

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 width1,678 ft

Buildable depth1,623 ft

Area~365,216 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 365,216 sqft buildable area.

Est. units

3652

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
420 SHEPARD RD	NORTHERN STATES POWER CO	COMM LD&IMPRO OWN BY PUB UTI TH RAIL	$1,492,400	625 ft
0 SHEPARD RD W	CITY OF ST PAUL	EXEMPT, VACANT LAND	$1,377,300	847 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.