2318 1ST ST N E MINNEAPOLIS MN 55418

PID: 1102924320158

Property Overview

Parcel ID1102924320158

Lot Size29,960 sq ft (0.688 ac)

Lot Dimensions (est.)135 ft wide × 222 ft deep

Year Built1962

Property ClassINDUSTRIAL-PREFERRED

OwnerMHAC PROPERTIES LLP

Assessed Value$1,625,000

Land Value$239,300

Building Value$1,385,700

Annual Tax$54,403

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 2013 · $92K total declared value · Most recent: Oct 2013 (building re-inspection)

Building Re-inspectionOct 2013

$92K

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

Neighborhood Profile

Bottineau · 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

Current Tax Year

Year2026

Tax Due$54,403

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
2310 1ST ST N E MINNEAPOLIS MN 55418	JAKRIS LTD ET AL	LAND - INDUSTRIAL	$50,700	135 ft
2200 MAIN ST N E MINNEAPOLIS MN 55418	B N/SANTA FE RAILWAY COMPANY	RAILROAD	$0	164 ft
2322 2ND ST N E MINNEAPOLIS MN 55418	ALLISON HARTL/MATTHEW EDLING	RESIDENTIAL	$357,900	183 ft
2318 2ND ST N E MINNEAPOLIS MN 55418	AUSTIN BARKLEY	RESIDENTIAL-TWO UNIT	$343,100	187 ft
2326 2ND ST N E MINNEAPOLIS MN 55418	EDWARD K CLARK	RESIDENTIAL	$188,800	191 ft
2314 2ND ST N E MINNEAPOLIS MN 55418	HANNAH HOOD-BLAXILL	RESIDENTIAL-TWO UNIT	$296,200	203 ft
105 23RD AVE N E MINNEAPOLIS MN 55418	JAKRIS LTD ET AL	INDUSTRIAL-PREFERRED	$137,900	222 ft
2310 2ND ST N E MINNEAPOLIS MN 55418	NAME UNAVAILABLE	RESIDENTIAL	$244,000	227 ft
2400 2ND ST N E MINNEAPOLIS MN 55418	BIG BROTHER HOLDING CO LLC	COMMERCIAL-PREFERRED	$389,000	247 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	LSBD MPLS CALIFORNIA LLC	LOW INCOME RENTAL	$46,800,000	257 ft