603 PINE ST

PID: 312922140119· 2 fields stubbed (see below)

Property Overview

Parcel ID312922140119

Lot Size44,867 sq ft (1.030 ac)

Lot Dimensions (est.)283 ft wide × 159 ft deep

Year Built1981

Property ClassEXEMPT PROP. OWNED BY STATE OF MN

OwnerSTATE OF MN ADMIN

Assessed Value$860,200

Land Value$266,600

Building Value$593,600

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

11 permits on record since 2019 · $918K total declared value · Most recent: Apr 2025 (building permit)

Building PermitApr 2025Active/Issued

$208K

C70 BUILDERS

Warm Air, Ventilation & General SheetMar 2025Active/Issued

$16K

GREG REISER ROSENQUIST CONSTRUCTION INC

Fire EngineeringOct 2024Issued

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

ElectricalSep 2021Finaled

$10K

Clint Kruger Preferred Electric

PlumbingAug 2020Finaled

$7K

DANIEL SCHADEGG SCHADEGG MECHANICAL 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

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 width283 ft

Buildable depth144 ft

Area~30,731 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 30,731 sqft buildable area.

Est. units

307

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
350 UNIVERSITY AVE E	BMM PROPERTIES LLC	IND WAREHOUSE	$1,751,700	178 ft
334 UNIVERSITY AVE E	DISTRICT ENERGY ST PAUL INC	IND WAREHOUSE	$402,900	209 ft
321 GROVE ST	GILETTE CHILDRENS SPECIALTY HEALTHCARE	EXEMPT CLINIC	$3,394,200	249 ft
384 13TH ST	SCHMIDT DISPOSAL AND RECYCLING KELLIE L SCHMIDT	IND WAREHOUSE	$412,300	274 ft
616 PINE ST	ZUSE LLC	IND WAREHOUSE	$1,253,300	303 ft
570 PINE ST	ANCHOR PAPER CO	IND WAREHOUSE	$1,945,400	358 ft
628 PINE ST	GEMINI LLC	IND WAREHOUSE	$674,100	360 ft
0 OLIVE ST	MERITEX LAFAYETTE PARK LLC	INDUSTRIAL, VACANT LAND	$294,800	425 ft
355 UNIVERSITY AVE E	HEALTH PARTNERS REAL ESTATE	INDUSTRIAL, VACANT LAND	$143,600	448 ft
0 OLIVE ST	CITY OF ST PAUL	EXEMPT, VACANT LAND	$524,500	453 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.