444 PINE ST

PID: 312922410219· 2 fields stubbed (see below)

Property Overview

Parcel ID312922410219

Lot Size47,916 sq ft (1.100 ac)

Lot Dimensions (est.)361 ft wide × 133 ft deep

Year Built1917

Property ClassOFFICE BUILDING 1-2 STORIES

OwnerMERITEX ENTERPRISES INC

Assessed Value$1,111,400

Land Value$287,700

Building Value$823,700

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

30 permits on record since 2015 · $514K total declared value · Most recent: Oct 2023 (electrical)

ElectricalOct 2023Active/Issued

$12K

ZACK GORG COLLINS ELECTRICAL CONSTRUCTION CO

MechanicalSep 2021Finaled

$1K

HEIDI BAUER NAC MECHANICAL AND ELECTRICAL SERVICES

ElectricalSep 2021Finaled

$3K

HEIDI BAUER NAC MECHANICAL AND ELECTRICAL SERVICES

Warm Air, Ventilation & General SheetSep 2021Inspected

$25K

HEIDI BAUER NAC MECHANICAL AND ELECTRICAL SERVICES

Fire EngineeringDec 2020Issued

—

Amanda Nelson WELLINGTON SECURITY SYSTEMS

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

Neighborhood Profile

Dayton's Bluff Community 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 width361 ft

Buildable depth118 ft

Area~30,885 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 30,885 sqft buildable area.

Est. units

308

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
330 9TH ST E 101	SCHURMEIER LOFTS LLC	CONDO	$123,900	245 ft
330 9TH ST E 104	SCHURMEIER LOFTS LLC	CONDO	$96,200	245 ft
330 9TH ST E 106	SCHURMEIER LOFTS LLC	CONDO	$195,000	245 ft
330 9TH ST E 201	SCHURMEIER LOFTS LLC	CONDO	$121,600	245 ft
330 9TH ST E 204	SCHURMEIER LOFTS LLC	CONDO	$121,700	245 ft
330 9TH ST E 301	SCHURMEIER LOFTS LLC	CONDO	$117,100	245 ft
330 9TH ST E 303	SCHURMEIER LOFTS LLC	CONDO	$105,900	245 ft
330 9TH ST E 305	SCHURMEIER LOFTS LLC	CONDO	$130,600	245 ft
330 9TH ST E 105	SCHURMEIER LOFTS LLC	CONDO	$75,300	245 ft
330 9TH ST E 101	SCHURMEIER LOFTS LLC	CONDO	$92,500	245 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.