1500 Sylvan Street, Saint Paul, MN 55117

Property Description

Prime development opportunity in Saint Paul! This 2.7-acre site, encompassing 17 city lots in the North End neighborhood, is pre-approved for a multi-family residential building. Options include a 50-unit apartment complex or a senior housing project with over 90 units, offering 79,300 square feet of potential living space. Zoned RM2 (Medium Density Residential), the property comes with variances for parking, wetland use, and setbacks, with prior approvals and permits in place. Soil tests and wetland delineations have been completed, and the design integrates a preserved wetland area as an amenity. Conveniently located near downtown Saint Paul, public transportation, and major amenities, this project is ready for immediate development. In addition to residential development, recent discussions have also considered self-storage as a viable option for this parcel, given the success and strong performance of nearby storage facilities. The existing zoning, along with previously approved variances and completed environmental work, could support a change in use or a rezoning application, subject to city approval. The preserved wetland feature offers an opportunity to design a visually appealing facility that incorporates green space, while the site's accessibility and central location position it well for steady demand in the self-storage market.