508 CLEVELAND AVE N

PID: 332923230005· 2 fields stubbed (see below)

Property Overview

Parcel ID332923230005

Lot Size392,040 sq ft (7.450 ac)

Lot Dimensions (est.)860 ft wide × 456 ft deep

Year Built1940

Property ClassRAILROAD REAL PROP USED IN OPERATION

OwnerMINNESOTA COMMERCIAL RAILWAY

Assessed Value$1,997,600

Land Value$1,176,600

Building Value$821,000

Annual Tax—(stub)

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

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 ↗

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

Permit History

4 permits on record since 2015 · $1 total declared value · Most recent: Dec 2022 (fire engineering)

Fire EngineeringDec 2022Issued

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

Fire EngineeringNov 2019Finaled

—

Jake Schanus LAKES GAS CO

Building PermitMay 2019Active/Issued

Minnesota Commercial Railway

Fire EngineeringOct 2015Finaled

—

Rich Poole VIKING AUTOMATIC SPRINKLER COMPANY

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

Neighborhood Profile

Union Park District Council · Saint Paul

Median reported rent1,340/mo

Renter-occupied68.6%

Median home value$278K

Vacancy rate12.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 332

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 width860 ft

Buildable depth441 ft

Area~244,940 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 244,940 sqft buildable area.

Est. units

2449

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
473 PRIOR AVE N	MN DEPARTMENT OF COMMERCE	EXEMPT PROP. OWNED BY STATE OF MN	$414,100	125 ft
0 UNASSIGNED	MINNESOTA COMMERCIAL RAILWAY	RAILROAD REAL PROP USED IN OPERATION	$32,700	233 ft
530 CLEVELAND AVE N	OROMIYA AUTO CENTRE LLC	IND WAREHOUSE	$1,167,500	277 ft
503 CLEVELAND AVE N	FULFORD FAMILY PARTNERSHIP LP	IND WAREHOUSE	$920,900	448 ft
0 CLEVELAND AVE N	SOO LINE RAILROAD CO	INDUSTRIAL, VACANT LAND	$104,200	457 ft
0 CLEVELAND AVE N	MINNESOTA COMMERCIAL RAILWAY	RAILROAD REAL PROP USED IN OPERATION	$20,100	486 ft
0 CLEVELAND AVE N	DART TRANSIT CO	INDUSTRIAL, VACANT LAND	$2,300	488 ft
470 CLEVELAND AVE N	470 CLEVELAND AVE LLC	FITNESS CENTER (Y, LA FITNESS)	$1,079,600	508 ft
461 WILDER ST N	UHS PROPERTIES LLC	AUTO DEALER AND SERVICE CTR	$334,700	531 ft
0 PRIOR AVE N	MSP MIDWAY LL LLC	IND WAREHOUSE	$40,803,700	543 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.