505 MINNEHAHA AVE W

PID: 252923330026· 2 fields stubbed (see below)

Property Overview

Parcel ID252923330026

Lot Size100,188 sq ft (2.300 ac)

Lot Dimensions (est.)342 ft wide × 293 ft deep

Year Built2005

Property ClassFLEX INDUSTRIAL CENTER

OwnerRESTORATION PROFSL HLDINGS LLC

Assessed Value$6,118,300

Land Value$601,100

Building Value$5,517,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsPresent (~2% 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

10 permits on record since 2016 · $239K total declared value · Most recent: Oct 2023 (fence)

FenceOct 2023Finaled

$21K

MIDWEST FENCE

Fire EngineeringApr 2022Finaled

—

BEN FRANCE SUMMIT FIRE PROTECTION

ElectricalApr 2022Active/Issued

$5K

BEN FRANCE SUMMIT FIRE PROTECTION

ElectricalOct 2021Finaled

$58K

ALL ENERGY SOLAR INC

Building PermitOct 2021Finaled

$72K

ALL ENERGY SOLAR INC

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

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 width342 ft

Buildable depth278 ft

Area~81,829 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 81,829 sqft buildable area.

Est. units

818

Yield on cost

2.6%

Spread

-2.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
713 MACKUBIN ST	BEE VUE	APARTMENTS 4-6 RENTAL UNITS	$1,006,600	303 ft
474 MINNEHAHA AVE W	HMONG 18 COUNCIL INC	EXEMPT, SPORT/PUBLIC ASSEMBLY FAC	$1,634,800	322 ft
475 MINNEHAHA AVE W	DESP RENTALS LLC	IND WAREHOUSE	$7,837,400	379 ft
535 MINNEHAHA AVE W	WALACE LLC	IND WAREHOUSE	$4,702,600	394 ft
493 VAN BUREN AVE	THOMAS NELSON JR RANETTIA ALEXANDER NELSON	SINGLE FAMILY DWELLING, PLATTED LOT	$318,200	423 ft
528 MINNEHAHA AVE W	BEE VUE	APARTMENTS 7-19 RENTAL UNITS	$2,355,900	434 ft
507 VAN BUREN AVE	BEE VUE	TWO FAMILY DWELLING - UP/DWN	$224,800	435 ft
489 VAN BUREN AVE	HENRY TRAN	SINGLE FAMILY DWELLING, PLATTED LOT	$279,600	438 ft
511 VAN BUREN AVE	MEYLIN O RAMIREZ RIVERA	TWO FAMILY DWELLING - UP/DWN	$226,200	456 ft
477 VAN BUREN AVE	UNITED HMONG INVESTMENT LLC	SINGLE FAMILY DWELLING, PLATTED LOT	$152,800	460 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.