0 UNASSIGNED

PID: 252923330031· 3 fields stubbed (see below)

Property Overview

Parcel ID252923330031

Lot Size1,075,496 sq ft (24.210 ac)

Lot Dimensions (est.)1876 ft wide × 573 ft deep

Year Built—(stub)

Property ClassRAILROAD REAL PROP USED IN OPERATION

OwnerBNSF RAILWAY CO

Assessed Value$3,249,800

Land Value$3,226,700

Building Value$23,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

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

2 permits on record since 2017 · $183K total declared value · Most recent: May 2022 (electrical)

ElectricalMay 2022Finaled

$15K

Joel Westrum BNSF Railway

Building PermitOct 2017Active/Issued

$168K

JIMMY KINLEY KINLEY CONSTRUCTION

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 width1,876 ft

Buildable depth558 ft

Area~962,838 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 962,838 sqft buildable area.

Est. units

9628

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
520 ATWATER CIR	ICE NINE PROPERTY CO	IND WAREHOUSE	$3,366,400	461 ft
535 MINNEHAHA AVE W	WALACE LLC	IND WAREHOUSE	$4,702,600	524 ft
0 UNASSIGNED	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$1,160,400	565 ft
505 MINNEHAHA AVE W	RESTORATION PROFSL HLDINGS LLC	FLEX INDUSTRIAL CENTER	$6,118,300	579 ft
488 ATWATER CIR	CUSTOM DRYWALL INC	IND WAREHOUSE	$6,996,100	599 ft
575 MINNEHAHA AVE W	TOWLE FINANCIAL SERVICES INC	MANUFACTURING AND ASSEMBLY LIGHT	$6,356,000	743 ft
475 MINNEHAHA AVE W	DESP RENTALS LLC	IND WAREHOUSE	$7,837,400	828 ft
550 ATWATER CIR	ATWATER HOLDINGS LLC	IND WAREHOUSE	$13,439,800	876 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.