500 KASOTA AVE MINNEAPOLIS MN 55414

PID: 1902923440008

Property Overview

Parcel ID1902923440008

Lot Size183,527 sq ft (4.213 ac)

Lot Dimensions (est.)649 ft wide × 283 ft deep

Year Built1979

Property ClassINDUSTRIAL-PREFERRED

OwnerGKI INDUSTRIAL MPLS LLC

Assessed Value$6,089,000

Land Value$1,637,000

Building Value$4,452,000

Annual Tax$209,024

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

13 permits on record since 2010 · $618K total declared value · Most recent: Sep 2024 (commercial minor)

Commercial MinorSep 2024Expired

TEAM MECHANICAL INC

Commercial Multi-FamilyMar 2021Closed

$5K

St Cloud Refrigeration Inc

Commercial Multi-FamilyJan 2021Closed

$6K

St Cloud Refrigeration Inc

Commercial Multi-FamilyAug 2020Closed

South-Town Inc

Commercial Multi-FamilyAug 2020Closed

$13K

St Cloud Refrigeration Inc

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

Neighborhood Profile

Como · Minneapolis

Median reported rent1,734/mo

Renter-occupied73.3%

Median home value$337K

Vacancy rate15.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

PR2Production and Processing

Property History

Most Recent Sale

Date202111

Price$6,400,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$209,024

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
515 KASOTA AVE MINNEAPOLIS MN 55414	E.J. DOUGHERTY OIL & STONE	LAND - INDUSTRIAL	$140,000	357 ft
525 KASOTA AVE MINNEAPOLIS MN 55414	CHICAGO & NORTHWESTERN RR CO	RAILROAD	$1,140,400	465 ft
550 KASOTA AVE MINNEAPOLIS MN 55414	KASOTA 550 INDUSTRIAL LLC	INDUSTRIAL-NON PREFERRED	$7,600,000	473 ft
503 KASOTA AVE MINNEAPOLIS MN 55414	CHICAGO & NORTHWESTERN RR CO	RAILROAD	$6,500	503 ft
501 KASOTA AVE MINNEAPOLIS MN 55414	E J DOUGHERTY OIL & STONE	LAND - INDUSTRIAL	$27,300	575 ft
580 KASOTA AVE MINNEAPOLIS MN 55414	CITY OF MINNEAPOLIS	LAND - INDUSTRIAL	$0	646 ft
581 KASOTA AVE MINNEAPOLIS MN 55414	CHICAGO & NORTHWESTERN RR CO	RAILROAD	$314,200	748 ft
700 MALCOLM AVE S E MINNEAPOLIS MN 55414	GREAT NORTHERN RY CO	RAILROAD	$0	1,043 ft
1800 ELM ST S E MINNEAPOLIS MN 55414	CHICAGO & NORTHWESTERN RR	RAILROAD	$16,896,800	2,294 ft