535 MINNEHAHA AVE W

PID: 252923330025· 2 fields stubbed (see below)

Property Overview

Parcel ID252923330025

Lot Size130,680 sq ft (3.000 ac)

Lot Dimensions (est.)446 ft wide × 293 ft deep

Year Built2005

Property ClassIND WAREHOUSE

OwnerWALACE LLC

Assessed Value$4,702,600

Land Value$716,700

Building Value$3,985,900

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsPresent (~3% coverage)

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

No permits found in Saint Paul open data for this parcel.

Neighborhood Profile

Frogtown Neighborhood Association · Saint Paul

Median reported rent1,185/mo

Renter-occupied47.6%

Median home value$154K

Vacancy rate14.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 326

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 width446 ft

Buildable depth278 ft

Area~109,125 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 109,125 sqft buildable area.

Est. units

1091

Yield on cost

2.6%

Spread

-2.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
528 MINNEHAHA AVE W	BEE VUE	APARTMENTS 7-19 RENTAL UNITS	$2,355,900	289 ft
544 MINNEHAHA AVE W	SETH AMIHERE RITA GHARTEY	SINGLE FAMILY DWELLING, PLATTED LOT	$323,100	315 ft
550 MINNEHAHA AVE W	SHOUA YANG JONATHAN P YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$328,800	334 ft
554 MINNEHAHA AVE W	KOU XIONG IA YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$179,800	357 ft
714 KENT ST	KOU XIONG IA YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$259,000	383 ft
505 MINNEHAHA AVE W	RESTORATION PROFSL HLDINGS LLC	FLEX INDUSTRIAL CENTER	$6,118,300	394 ft
713 MACKUBIN ST	BEE VUE	APARTMENTS 4-6 RENTAL UNITS	$1,006,600	399 ft
575 MINNEHAHA AVE W	TOWLE FINANCIAL SERVICES INC	MANUFACTURING AND ASSEMBLY LIGHT	$6,356,000	420 ft
531 VAN BUREN AVE	ENTRUSTED HOME HEALTHCARE LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$568,500	421 ft
525 VAN BUREN AVE	DAVID R RODRIGUEZ ROSALINDA M TREJO	SINGLE FAMILY DWELLING, PLATTED LOT	$191,500	426 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.