641 FAIRVIEW AVE N

PID: 332923210002· 2 fields stubbed (see below)

Property Overview

Parcel ID332923210002

Lot Size470,884 sq ft (10.820 ac)

Lot Dimensions (est.)1234 ft wide × 382 ft deep

Year Built1952

Property ClassIND WAREHOUSE

Owner655 FAIRVIEW LLC

Assessed Value$18,112,700

Land Value$3,297,600

Building Value$14,815,100

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Met Council Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites in the metro area; does not indicate known contamination.

Metro Council — Environmental Response Fund ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

50 permits on record since 2020 · $4.8M total declared value · Most recent: Sep 2024 (fire engineering)

Fire EngineeringSep 2024Finaled

—

FRONTIER FIRE PROTECTION

Building PermitAug 2024Finaled

$20K

SHANGHAI WHOLESALE MARKET PLACE

ElectricalFeb 2024Active/Issued

$100

CONNECT ELECTRIC COMPANY

ElectricalFeb 2024Inspected

$5K

CONNECT ELECTRIC COMPANY

ElectricalFeb 2023Active/Issued

$10K

Joseph Larson Electro Solar Systems

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

Neighborhood Profile

Hamline Midway Coalition · Saint Paul

Median reported rent1,316/mo

Renter-occupied74.2%

Median home value$297K

Vacancy rate15.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 319

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 width1,234 ft

Buildable depth367 ft

Area~420,608 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 420,608 sqft buildable area.

Est. units

4206

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
625 FAIRVIEW AVE N	BAUER BUILT INC	IND WAREHOUSE	$2,652,700	444 ft
692 PRIOR AVE N	MSP MIDWAY LL LLC	IND WAREHOUSE	$21,488,200	467 ft
602 PRIOR AVE N	NORTHERN SALT PROPERTIES LLC	IND WAREHOUSE	$2,850,000	545 ft
635 FAIRVIEW AVE N	BRIGHT START CHILD CARE CENTER INC	OFFICE BUILDING 1-2 STORIES	$847,400	552 ft
622 PRIOR AVE N	ARVOLD PROPERTIES LLC	OFFICE BUILDING 1-2 STORIES	$256,800	596 ft
605 FAIRVIEW AVE N	MINNESOTA DAWAH INSTITUTE	EXEMPT, OFFICE BUILDING	$2,369,800	628 ft
1907 CHARLES AVE	CHARLES AVE EXCHANGE	AUTOMOTIVE SERVICE STATION	$1,813,600	639 ft
582 PRIOR AVE N	NORTHERN STATES POWER CO	COMM LD&IMPRO OWN BY PUB UTI TH RAIL	$715,700	696 ft

Property History

Most Recent Sale

Date2021-12-16

Price$23,300,000

Type—

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.