Property Overview

Parcel ID0302824420104

Lot Size20,610 sq ft (0.473 ac)

Lot Dimensions (est.)126 ft wide × 164 ft deep

Year Built1967

Property ClassCOMMERCIAL-PREFERRED

OwnerAMERCO REAL ESTATE COMPANY

Assessed Value$577,500

Land Value$411,500

Building Value$166,000

Annual Tax$20,002

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,194/mo

Renter-occupied53.6%

Median home value$326K

Vacancy rate10.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1093

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

CM2Corridor Mixed Use

Property History

Current Tax Year

Year2026

Tax Due$20,002

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3537 NICOLLET AVE MINNEAPOLIS MN 55408	LYNDALE NGHBRHD ASSOC	RESIDENTIAL	$208,600	103 ft
3544 1ST AVE S MINNEAPOLIS MN 55408	JOE HOFFMAN	RESIDENTIAL-TWO UNIT	$346,100	139 ft
3548 1ST AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	139 ft
3533 NICOLLET AVE MINNEAPOLIS MN 55408	FRIDA DOUGLASS	RESIDENTIAL-TWO UNIT	$315,000	144 ft
3552 1ST AVE S MINNEAPOLIS MN 55408	RRE VENTURES LLC	RESIDENTIAL	$253,000	150 ft
3540 1ST AVE S MINNEAPOLIS MN 55408	MICHAEL DIAZ & INGELMAN DIAZ	RESIDENTIAL-TWO UNIT	$350,700	151 ft
3536 1ST AVE S MINNEAPOLIS MN 55408	D BEARD & T KELLY	RESIDENTIAL	$330,400	172 ft
3529 NICOLLET AVE MINNEAPOLIS MN 55408	GLORIA VELEZ	RESIDENTIAL-TWO UNIT	$288,200	187 ft
3554 NICOLLET AVE MINNEAPOLIS MN 55408	SQUARE ONE PROP LLC LLC	COMMERCIAL-PREFERRED	$550,000	198 ft
3532 1ST AVE S MINNEAPOLIS MN 55408	K H REINFELD & P A REINFELD	RESIDENTIAL	$297,800	199 ft