541 DESOTO ST

PID: 322922230058· 2 fields stubbed (see below)

Property Overview

Parcel ID322922230058

Lot Size16,117 sq ft (0.430 ac)

Lot Dimensions (est.)174 ft wide × 92 ft deep

Year Built1945

Property ClassIND WAREHOUSE

OwnerMETRO MANUFACTURING INC

Assessed Value$695,700

Land Value$97,100

Building Value$598,600

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

No permits found in Saint Paul open data for this parcel.

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 width174 ft

Buildable depth77 ft

Area~10,235 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 10,235 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
0 UNASSIGNED	NORTHERN PACIFIC RY CO	RAILROAD REAL PROP USED IN OPERATION	$23,100	74 ft
0 DESOTO ST	JAMES R FOX TRUST	INDUSTRIAL, VACANT LAND	$40,000	92 ft
462 HOPKINS ST	KAYLA MARTIN	SINGLE FAMILY DWELLING, PLATTED LOT	$269,500	151 ft
464 HOPKINS ST	BABBETTE FARROW SHEILA DUNN	SINGLE FAMILY DWELLING, PLATTED LOT	$225,200	156 ft
0 DESOTO ST	JAMES R FOX TRUST	INDUSTRIAL, VACANT LAND	$92,400	157 ft
466 HOPKINS ST	JUNE CONNIE YANG	SINGLE FAMILY DWELLING, PLATTED LOT	$206,700	190 ft
0 WESTMINSTER ST	NORTHERN PACIFIC RY CO	RAILROAD REAL PROP USED IN OPERATION	$219,700	210 ft
468 HOPKINS ST	KIMBERLY S BARR FLOYD D BARR	SINGLE FAMILY DWELLING, PLATTED LOT	$270,200	226 ft
569 DESOTO ST	SEE LEE VUE	TWO FAMILY DWELLING - SIDE/SIDE	$214,500	227 ft
465 KENNY RD	JAMES R FOX TR	FOUNDERY AND HEAVY MFG PLANT	$1,311,100	260 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.