851 WATER ST W

PID: 122823340002· 3 fields stubbed (see below)

Property Overview

Parcel ID122823340002

Lot Size119,790 sq ft (1.890 ac)

Lot Dimensions (est.)207 ft wide × 579 ft deep

Year Built—(stub)

Property ClassRAILROAD REAL PROP USED IN OPERATION

OwnerSOO LINE RAILROAD CO

Assessed Value$360,000

Land Value$360,000

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~100% coverage)

Historic DistrictNo

Development Opportunities

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 ↗

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 rent1,422/mo

Renter-occupied21.9%

Median home value$246K

Vacancy rate6.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 370

Zoning

H1Residential

Residential — small-scale multi-unit housing (up to 4 units)

Typical Uses

·Single-family homes
·Duplexes
·Triplexes
·4-unit buildings

Max Height35 ft

Min Setbacks

Front

10 ft

Side

5 ft

Rear

10 ft

Development Potential

Setbacks

Front10 ft

Side (each)5 ft

Rear10 ft

Estimated Buildable Footprint

Buildable width197 ft

Buildable depth559 ft

Area~36,771 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 small multifamily (2–4 units, wood frame) benchmarks for 36,771 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 JOY AVE	CITY OF ST PAUL	EXEMPT, VACANT LAND	$668,500	509 ft
0 ANNAPOLIS ST W	CITY OF ST PAUL	EXEMPT, VACANT LAND	$2,311,400	790 ft
0 WATER ST W	CITY OF ST PAUL	EXEMPT, VACANT LAND	$5,725,400	1,311 ft

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.