881 NEWCOMB ST

PID: 282922410098· 2 fields stubbed (see below)

Property Overview

Parcel ID282922410098

Lot Size20,909 sq ft (0.480 ac)

Lot Dimensions (est.)137 ft wide × 152 ft deep

Year Built1989

Property ClassMANUFACTURING AND ASSEMBLY LIGHT

Owner3MC FURNITURE LLC

Assessed Value$520,800

Land Value$97,600

Building Value$423,200

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 ↗

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 ↗

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

Dayton's Bluff Community Council · Saint Paul

Median reported rent1,255/mo

Renter-occupied32.6%

Median home value$179K

Vacancy rate6.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 317.01

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 width137 ft

Buildable depth137 ft

Area~12,903 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 5-over-1 podium (12–50 units) benchmarks for 12,903 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	CHICAGO MSP OMAHA RR CO	RAILROAD REAL PROP USED IN OPERATION	$4,400	88 ft
873 NEWCOMB ST	SOU YANG JIM YANG	TWO FAMILY DWELLING - UP/DWN	$434,900	123 ft
880 DULUTH ST	HOURCAR	IND WAREHOUSE	$833,900	138 ft
0 UNASSIGNED	UNION PACIFIC RAILROAD COMPANY	RAILROAD REAL PROP USED IN OPERATION	$123,200	163 ft
888 NEWCOMB ST	DANIEL J MELSHA	AUTOMOTIVE SERVICE STATION	$325,400	176 ft
872 DULUTH ST	JOHN K WINTER	RESIDENTIAL, VACANT LAND, LOT	$23,000	183 ft
880 NEWCOMB ST	EH DOH WIN	SINGLE FAMILY DWELLING, PLATTED LOT	$202,400	184 ft
865 NEWCOMB ST	PA YING VANG	SINGLE FAMILY DWELLING, PLATTED LOT	$224,500	189 ft
874 NEWCOMB ST	LUIS ALBERO PEREZ MELGAR	TWO FAMILY DWELLING - UP/DWN	$257,600	206 ft
892 NEWCOMB ST	BMC PROPERTY LLC	IND WAREHOUSE	$1,026,700	207 ft

Property History

Most Recent Sale

Date2022-07-15

Price$1,100,000

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.