Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Located in the Rice Street Commercial Vitality Zone — one of five Saint Paul corridors receiving ~$750K/year in dedicated sales tax investment for business development, façade improvements, and streetscape enhancements.
Saint Paul — Commercial Vitality Zones ↗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 ↗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 ↗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 ↗The Rice Street corridor receives dedicated CVZ funding (~$750K/year across all zones) for business recruitment, façade improvements, and public space enhancements. Contact Saint Paul PED for current grant cycles.
Saint Paul — Commercial Vitality Zones ↗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.
8 permits on record since 2016 · $570K total declared value · Most recent: Dec 2024 (electrical)
John Legeros JL ELECTRIC LLC
Shawn Berger METROPOLITAN MECH CONTRACTORS
Amy Friedrich AID ELECTRIC CORPORATION
Amy Friedrich AID ELECTRIC CORPORATION
Mr. mark jarosiewicz VICTORY ELECTRIC LLC
Source: Saint Paul open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Frogtown Neighborhood Association · Saint Paul
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 327
Light Industrial — low-impact manufacturing and warehousing
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,395 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 637 RICE ST | KIL-BEN RICE LLC | AUTO DEALER AND SERVICE CTR | $584,900 | 111 ft |
| 0 RICE ST | CHESEBROUGH PONDS INC | COMMERCIAL VACANT LAND | $205,800 | 141 ft |
| 159 PENNSYLVANIA AVE W | AGS MANAGEMENT INC | AUTOMOTIVE SERVICE STATION | $667,100 | 180 ft |
| 0 PENNSYLVANIA AVE W | GSA2 GROUP LLC | INDUSTRIAL, VACANT LAND | $51,100 | 238 ft |
| 0 RICE ST | NAEGELE OUTDOOR ADV CO | INDUSTRIAL, VACANT LAND | $112,200 | 254 ft |
| 0 PENNSYLVANIA AVE W | RUSS DAVIS WHOLESALE INC | MANUFACTURING AND ASSEMBLY LIGHT | $12,574,700 | 326 ft |
| 111 EMPIRE DR | BLAZE CREDIT UNION | FULL SERVICE BANK | $4,747,600 | 356 ft |
| 620 RICE ST | YER M LOR CHENG LOR | AUTOMOTIVE SERVICE STATION | $357,800 | 370 ft |
| 0 RICE ST | CITY OF ST PAUL | EXEMPT, VACANT LAND | $147,000 | 389 ft |
| 629 RICE ST | HOLIDAY STATION STORES INC | CONVENIENCE STORE | $2,517,700 | 405 ft |
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