0 PIERCE BUTLER RTE

PID: 272923320001· 3 fields stubbed (see below)

Property Overview

Parcel ID272923320001

Lot Size233,917 sq ft (5.040 ac)

Lot Dimensions (est.)1900 ft wide × 123 ft deep

Year Built—(stub)

Property ClassRAILROAD REAL PROP USED IN OPERATION

OwnerBNSF RAILWAY CO

Assessed Value$702,000

Land Value$702,000

Building Value$0

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

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

Hamline Midway Coalition · Saint Paul

Median reported rent967/mo

Renter-occupied75.3%

Median home value$302K

Vacancy rate12.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 321

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 width1,900 ft

Buildable depth108 ft

Area~161,238 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 161,238 sqft buildable area.

Est. units

1612

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1500 ENERGY PARK DR	PORT AUTHORITY OF ST PAUL	EXEMPT PROP. OWNED BY PORT AUTHORITY	$2,117,600	479 ft
1536 HEWITT AVE	HAMLINE UNIV OF MN TR	EXEMPT PROP. OWNED BY PRIVATE SCHOOL	$49,953,100	579 ft
0 ENERGY PARK DR	1350 - 1380 ENERGY LANE LLC	COMMERCIAL VACANT LAND	$43,400	625 ft
1450 ENERGY PARK DR	TECHNOLOGY CENTER PROP LLC	OFFICE BUILDING 3+ STORIES	$12,955,300	709 ft
0 UNASSIGNED	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$2,384,800	1,733 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.