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.
No permits found in Saint Paul open data for this parcel.
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 mid-rise concrete (50+ units) benchmarks for 41,136 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 0 WESTERN AVE N | BNSF RAILWAY CO | RAILROAD REAL PROP USED IN OPERATION | $23,100 | 139 ft |
| 191 PENNSYLVANIA AVE W | RUSS DAVIS WHOLESALE INC | GREENHOUSES, NURSERY, VEG., FLORA. | $504,900 | 236 ft |
| 0 RICE ST | BNSF RAILWAY CO | RAILROAD REAL PROP USED IN OPERATION | $104,900 | 338 ft |
| 0 PENNSYLVANIA AVE W | RUSS DAVIS WHOLESALE INC | MANUFACTURING AND ASSEMBLY LIGHT | $12,574,700 | 379 ft |
| 0 SYCAMORE ST W | HAP SYCAMORE HOLDING CO | EXEMPT, VACANT LAND | $19,700 | 384 ft |
| 0 RICE ST | BNSF RAILWAY CO | INDUSTRIAL, VACANT LAND | $387,100 | 392 ft |
| 0 RICE ST | CITY OF ST PAUL | EXEMPT, VACANT LAND | $147,000 | 395 ft |
| 0 SYCAMORE ST W | HAP SYCAMORE HOLDING CO | EXEMPT, VACANT LAND | $57,800 | 447 ft |
| 217 COMO AVE | PILLARS INVESTMENT GROUP LLC | MIXED RETAIL/COMMERCIAL | $4,931,000 | 511 ft |
| 0 RICE ST | CHESEBROUGH PONDS INC | COMMERCIAL VACANT LAND | $205,800 | 548 ft |
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