1701 PIERCE BUTLER RTE

PID: 282923420054· 2 fields stubbed (see below)

Property Overview

Parcel ID282923420054

Lot Size2,472,466 sq ft (57.840 ac)

Lot Dimensions (est.)3770 ft wide × 656 ft deep

Year Built1977

Property ClassRAILROAD REAL PROP USED IN OPERATION

OwnerBNSF RAILWAY CO

Assessed Value$5,172,100

Land Value$4,913,500

Building Value$258,600

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsPresent (~30% coverage)

Historic DistrictUnknown

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

1 permit on record since 2016 · $2K total declared value · Most recent: Apr 2016 (building permit)

Building PermitApr 2016Finaled

$2K

BRE POLIAK GOODMANSON CONSTRUCTION INC

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

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent1,316/mo

Renter-occupied74.2%

Median home value$297K

Vacancy rate15.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 319

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 width3,770 ft

Buildable depth641 ft

Area~1,784,008 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 1,784,008 sqft buildable area.

Est. units

17840

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 ENERGY PARK DR	BNSF RAILWAY CO	RAILROAD REAL PROP USED IN OPERATION	$1,126,500	915 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.