355 UNIVERSITY AVE E

PID: 312922140087· 3 fields stubbed (see below)

Property Overview

Parcel ID312922140087

Lot Size23,958 sq ft (0.560 ac)

Lot Dimensions (est.)161 ft wide × 149 ft deep

Year Built—(stub)

Property ClassINDUSTRIAL, VACANT LAND

OwnerHEALTH PARTNERS REAL ESTATE

Assessed Value$143,600

Land Value$143,600

Building Value$0

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

1 permit on record since 2017 · $6K total declared value · Most recent: Sep 2017 (elevating device)

Elevating DeviceSep 2017Finaled

$6K

ALL CITY ELEVATOR INC

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

Neighborhood Profile

Payne-Phalen District 5 Planning Council · Saint Paul

Median reported rent1,099/mo

Renter-occupied41.8%

Median home value$190K

Vacancy rate7.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 330

Zoning

I2General Industrial

General Industrial — medium-intensity manufacturing and processing

Typical Uses

·Manufacturing
·Wholesale trade
·Freight terminals
·Salvage yards
·Breweries

Max Height75 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 width161 ft

Buildable depth134 ft

Area~15,382 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 15,382 sqft buildable area.

Est. units

112

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$24,700	80 ft
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$165,800	135 ft
335 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	COMMERCIAL VACANT LAND	$412,300	190 ft
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$252,700	204 ft
645 OLIVE ST	SIEWERT PROPERTIES LLC	MANUFACTURING AND ASSEMBLY LIGHT	$5,062,800	244 ft
0 MISSISSIPPI ST	REGIONS HOSPITAL	COMMERCIAL VACANT LAND	$47,200	249 ft
628 PINE ST	GEMINI LLC	IND WAREHOUSE	$674,100	258 ft
334 UNIVERSITY AVE E	DISTRICT ENERGY ST PAUL INC	IND WAREHOUSE	$402,900	280 ft
350 UNIVERSITY AVE E	BMM PROPERTIES LLC	IND WAREHOUSE	$1,751,700	283 ft
616 PINE ST	ZUSE LLC	IND WAREHOUSE	$1,253,300	360 ft

Property History

Most Recent Sale

Date2017-08-25

Price$1,200,000

Type—

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.