644 OLIVE ST

PID: 312922140112· 2 fields stubbed (see below)

Property Overview

Parcel ID312922140112

Lot Size119,354 sq ft (2.740 ac)

Lot Dimensions (est.)282 ft wide × 423 ft deep

Year Built1998

Property ClassFLEX INDUSTRIAL CENTER

OwnerMKD DEVELOPMENT LLC

Assessed Value$3,648,000

Land Value$835,800

Building Value$2,812,200

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

19 permits on record since 2017 · $181K total declared value · Most recent: Mar 2025 (fire engineering)

Fire EngineeringMar 2025Issued

—

JOHN GORMAN GILBERT MECHANICAL CONTRACTORS LLC

ElectricalFeb 2025Finaled

$2K

Todd Campbell SHOREVIEW ELECTRIC LLC

Building PermitFeb 2025Active/Issued

$2K

DESCHANE REMODELING INCORPORATED

PlumbingNov 2023Finaled

$500

JEFFREY BUCHMAN ACI PLUMBING INC

Fire EngineeringOct 2023Finaled

—

BRAD ZURN INTERNATIONAL FIRE PROTECTION

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 width282 ft

Buildable depth408 ft

Area~99,165 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 99,165 sqft buildable area.

Est. units

991

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
645 OLIVE ST	SIEWERT PROPERTIES LLC	MANUFACTURING AND ASSEMBLY LIGHT	$5,062,800	381 ft
0 OLIVE ST	MERITEX ENTERPRISES INC	COMMERCIAL VACANT LAND	$30,400	397 ft
435 UNIVERSITY AVE E	UNION GOSPEL MISSION	EXEMPT, WELFARE/CHARIT FACILITY	$7,491,700	406 ft
0 WESTMINSTER ST	NORTH CENTRAL STATES REGIONAL	INDUSTRIAL, VACANT LAND	$16,000	466 ft
0 OLIVE ST	MERITEX LAFAYETTE PARK LLC	INDUSTRIAL, VACANT LAND	$294,800	492 ft
628 PINE ST	GEMINI LLC	IND WAREHOUSE	$674,100	523 ft
355 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$143,600	585 ft
525 LAFAYETTE RD	UNIVERSITY REALTY LIMITED	CONVENIENCE STORE	$757,000	587 ft
0 OLIVE ST	NORTH CENTRAL STATES REGIONAL	EXEMPT, VACANT LAND	$1,176,800	598 ft
616 PINE ST	ZUSE LLC	IND WAREHOUSE	$1,253,300	599 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.