$450,000
For Sale

507 Cleveland Avenue S

Saint Paul, MN 55116
Listing OfficeWickiser Real Estate Group, Inc.
Browse 3 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Great development potential. Property is a unique combination of location, zoning, & accessibility. Vacant lot zoned RM2 (multi-family residential). Location: NW corner of the intersection of Juno & Cleveland & sits 200 ft from the stoplight intersection of Randolph & Cleveland Ave’s. Parcel sits directly across the street from St Catherine's University & exactly 1.04 miles from the University of St Thomas campus. This .2 acre site measures 8,580 sq ft & includes 60+ ft of frontage on Cleveland Ave. A 4-story building is allowed by right & an architect produced fit plan with up to a 36-unit building (studio & 1 bedroom units). RM2 zoning was amended in 2021 to remove all parking requirements. Building height can be increased up to 75 ft by obtaining a Conditional Use Permit (CUP) from the City of St Paul. On bus lines that travel to both DT St Paul & DT Mpls.

  • Property Details
      • Utility FeaturesNone Connected, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, Water Available
      • SubdivisionKnapheide Add
      • Parcel Number082823410048
      • Property TypePurchase
      • School DistrictSt. Paul
      • Lot FeaturesCleared
      • Lot DescriptionCleared
      • MLS #6648887
      • MLS #6648887
      • CountyRamsey
      • Taxes Annual$2,920
      • Cost450000
      • Property SubtypeLand

Location

Jayce Johnson | RE/MAX Realty 1Real Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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