582 PRIOR AVE N

PID: 332923240005· 2 fields stubbed (see below)

Property Overview

Parcel ID332923240005

Lot Size87,556 sq ft (2.000 ac)

Lot Dimensions (est.)477 ft wide × 184 ft deep

Year Built1994

Property ClassCOMM LD&IMPRO OWN BY PUB UTI TH RAIL

OwnerNORTHERN STATES POWER CO

Assessed Value$715,700

Land Value$613,700

Building Value$102,000

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

2 permits on record since 2018 · $150K total declared value · Most recent: Apr 2024 (building permit)

Building PermitApr 2024Active/Issued

$78K

CHRIS ROGERS XCEL ENERGY

Building PermitNov 2018Active/Issued

$72K

CHRIS ROGERS XCEL ENERGY

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 width477 ft

Buildable depth169 ft

Area~68,810 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 68,810 sqft buildable area.

Est. units

688

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
602 PRIOR AVE N	NORTHERN SALT PROPERTIES LLC	IND WAREHOUSE	$2,850,000	224 ft
570 PRIOR AVE N	BLUESPRUCE LLC	IND WAREHOUSE	$1,160,600	254 ft
1907 CHARLES AVE	CHARLES AVE EXCHANGE	AUTOMOTIVE SERVICE STATION	$1,813,600	307 ft
1949 UNIVERSITY AVE W	PRIOR CROSSING HOUSING LP	APARTMENTS 20-49 RENTAL UNITS	$5,392,500	388 ft
1955 UNIVERSITY AVE W	UNIVERSITY PARTNERS LLC	IND WAREHOUSE	$1,593,200	391 ft
1935 UNIVERSITY AVE W	ERITREAN COMMUNITY CNTR OF MN	OTHER COMMERCIAL STRUCTURE	$1,811,200	444 ft
622 PRIOR AVE N	ARVOLD PROPERTIES LLC	OFFICE BUILDING 1-2 STORIES	$256,800	451 ft
1895 CHARLES AVE	UNIVERSITY CENTRE AT 1919 LLP	COMMERCIAL VACANT LAND	$405,400	530 ft
1919 UNIVERSITY AVE W	UNIVERSITY CENTRE AT 1919 LLP	OFFICE BUILDING 3+ STORIES	$6,694,700	586 ft
2005 UNIVERSITY AVE W	MENARD INC	DISCOUNT STORE AND JR. DEPT STORE	$16,765,800	654 ft

Property History

Most Recent Sale

Date1992-06-01

Price$385,000

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.