645 OLIVE ST

PID: 312922140106· 2 fields stubbed (see below)

Property Overview

Parcel ID312922140106

Lot Size126,760 sq ft (2.910 ac)

Lot Dimensions (est.)433 ft wide × 292 ft deep

Year Built1999

Property ClassMANUFACTURING AND ASSEMBLY LIGHT

OwnerSIEWERT PROPERTIES LLC

Assessed Value$5,062,800

Land Value$887,300

Building Value$4,175,500

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

3 permits on record since 2017 · $10K total declared value · Most recent: Dec 2023 (fence)

FenceDec 2023Finaled

$4K

JAY RANE SUPERIOR FENCE & RAIL OF ST PAUL

Elevating DeviceJul 2022Finaled

$4K

SCHINDLER ELEVATOR CORPORATION

ElectricalMay 2017Finaled

$2K

CHRISTIANSON ELECTRIC 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 width433 ft

Buildable depth277 ft

Area~104,266 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 104,266 sqft buildable area.

Est. units

1042

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
355 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$143,600	244 ft
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$252,700	250 ft
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$24,700	300 ft
0 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$165,800	313 ft
628 PINE ST	GEMINI LLC	IND WAREHOUSE	$674,100	353 ft
0 OLIVE ST	MERITEX ENTERPRISES INC	COMMERCIAL VACANT LAND	$30,400	363 ft
0 MISSISSIPPI ST	REGIONS HOSPITAL	COMMERCIAL VACANT LAND	$47,200	374 ft
644 OLIVE ST	MKD DEVELOPMENT LLC	FLEX INDUSTRIAL CENTER	$3,648,000	381 ft
685 OLIVE ST	G AND K SERVICES INC	MANUFACTURING AND ASSEMBLY LIGHT	$5,794,900	398 ft
335 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	COMMERCIAL VACANT LAND	$412,300	400 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.