1180 CUSHING CIR

PID: 272923140032· 2 fields stubbed (see below)

Property Overview

Parcel ID272923140032

Lot Size794,534 sq ft (18.240 ac)

Lot Dimensions (est.)1085 ft wide × 732 ft deep

Year Built1985

Property ClassAPARTMENTS 50-99 RENTAL UNITS

OwnerHEP ST PAUL LLC

Assessed Value$68,846,400

Land Value$1,220,000

Building Value$67,626,400

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsPresent (~1% coverage)

Historic DistrictUnknown

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Saint Paul 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Saint Paul — 4d Affordable Housing Incentive ↗

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

50 permits on record since 2018 · $275K total declared value · Most recent: Jun 2025 (building permit)

Building PermitJun 2025Active/Issued

$15K

SATOREE DESIGN LLC

Fire EngineeringDec 2024Finaled

—

Brian Lyons Electric, Fire & Security

ElectricalDec 2024Finaled

$1K

Brian Lyons Electric, Fire & Security

Building PermitMay 2024Active/Issued

—

Kristen Scharbach Quality Trusted Commercial Construction & Roofing

Building PermitMay 2024Active/Issued

—

Kristen Scharbach Quality Trusted Commercial Construction & Roofing

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

Neighborhood Profile

District 10 Como Community Council · Saint Paul

Median reported rent1,576/mo

Renter-occupied85.7%

Median home value$217K

Vacancy rate11.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 302.02

Zoning

RM3High-Rise Multiple-Family Residential

Multi-family Residential 3 — high-density apartment, no height limit

Typical Uses

·High-rise apartments
·Mixed-use residential
·Senior housing

Min Setbacks

Front

25 ft

Side

9 ft

Rear

25 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width1,075 ft

Buildable depth692 ft

Area~717,367 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 717,367 sqft buildable area.

Est. units

7173

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 ENERGY PARK DR	PORT AUTHORITY OF ST PAUL	EXEMPT, VACANT LAND	$34,800	448 ft
1125 ENERGY PARK DR	1HOUSE2HANDS INC	EXEMPT, OFFICE BUILDING	$7,760,200	618 ft
1225 BANDANA BLVD N	BANDANA LLC	PARKING RAMP	$779,000	759 ft
1021 BANDANA BLVD E	BANDANA LLC	MEDICAL CLINIC	$18,156,600	770 ft
0 UNASSIGNED	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$1,385,200	3,108 ft

Property History

Most Recent Sale

Date2019-09-06

Price$81,000,000

Type—

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.