1901 GRAND ST N E MINNEAPOLIS MN 55418

PID: 1002924440066

Property Overview

Parcel ID1002924440066

Lot Size97,905 sq ft (2.248 ac)

Lot Dimensions (est.)433 ft wide × 226 ft deep

Year Built1905

Property ClassCOMMERCIAL-PREFERRED

OwnerSTEPHEN L LOFTMAN TRUST

Assessed Value$1,960,000

Land Value$796,300

Building Value$1,163,700

Annual Tax$66,007

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

1 permit on record since 2007 · $329K total declared value · Most recent: Jun 2007 (building re-inspection)

Building Re-inspectionJun 2007

$329K

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

Neighborhood Profile

Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

PR1Production Mixed Use

Property History

Most Recent Sale

Date201909

Price$1,300,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$66,007

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
1823 GRAND ST N E MINNEAPOLIS MN 55418	N P R R CO	LAND-COMMERCIAL	$74,300	118 ft
1923 GRAND ST N E MINNEAPOLIS MN 55418	JEFFREY D SURMA SR	RESIDENTIAL-TWO UNIT	$318,100	188 ft
1929 GRAND ST N E MINNEAPOLIS MN 55418	ACCURATE SOLUTIONS LLC	RESIDENTIAL-TWO UNIT	$289,800	230 ft
1814 CALIFORNIA ST N E MINNEAPOLIS MN 55418	PATRICIAN REALTY INC	INDUSTRIAL-PREFERRED	$660,200	247 ft
1913 GRAND ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	LAND - INDUSTRIAL	$700	249 ft
2001 GRAND ST N E MINNEAPOLIS MN 55418	ETHAN MARSHALL	RESIDENTIAL-TWO UNIT	$288,900	274 ft
1919 GRAND ST N E MINNEAPOLIS MN 55418	PACKAGING CORP OF AMERICA	LAND - INDUSTRIAL	$701,600	282 ft
1900 MAIN ST N E MINNEAPOLIS MN 55418	BURLINGTON NORTHERN RR	RAILROAD	$0	287 ft
2003 GRAND ST N E MINNEAPOLIS MN 55418	P L HEMPEL JR & S M HEMPEL	RESIDENTIAL-TWO UNIT	$256,600	309 ft
1809 GRAND ST N E MINNEAPOLIS MN 55418	PATRICIAN REALTY INC	RESIDENTIAL-TWO UNIT	$331,200	408 ft