3205 EXCELSIOR BLVD MINNEAPOLIS MN 55416

PID: 0502824230002

Property Overview

Parcel ID0502824230002

Lot Size991,474 sq ft (22.761 ac)

Lot Dimensions (est.)1254 ft wide × 791 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerTHE MINIKAHDA CLUB

Assessed Value$460,000

Land Value$460,000

Building Value$0

Annual Tax$15,898

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

36 permits on record since 2001 · $13.5M total declared value · Most recent: May 2026 (roofwind)

RoofwindMay 2026Final Inspection

$61K

SELA ROOFING AND REMODELING INC

RemodelOct 2025Closed

$7K

Innovative Basement Authority

RoofwindSep 2025Closed

$75K

SELA ROOFING AND REMODELING INC

Commercial MinorJul 2025Closed

Schadegg Mechanical

Commercial MinorApr 2025Closed

Schadegg Mechanical

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

West Maka Ska · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55416

Median sale price$465K+12.0% YoY

Median price / sqft$265/sqft

Median days to close20 days

Active listings108

Source: Redfin Data Center (Invalid Date) · Zip 55416

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width1,241 ft

Buildable depth751 ft

Area~936,377 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 936,377 sqft buildable area.

Est. units

2080

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3522 ZENITH AVE S MINNEAPOLIS MN 55416	THE MINIKAHDA CLUB	COMMERCIAL-PREFERRED	$3,430,000	1,685 ft

Property History

Current Tax Year

Year2026

Tax Due$15,898