2500 GLENWOOD AVE MINNEAPOLIS MN 55405

PID: 2002924420010

Property Overview

Parcel ID2002924420010

Lot Size1,435,821 sq ft (32.962 ac)

Lot Dimensions (est.)1009 ft wide × 1422 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerMPLS PARK BOARD

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~35% coverage)

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

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

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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 ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,128/mo

Renter-occupied76.7%

Median home value$296K

Vacancy rate4.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1041

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width999 ft

Buildable depth1,383 ft

Area~717,358 sqft

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

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
300 UPTON AVE N MINNEAPOLIS MN 55405	SOO LINE RAILROAD CO	RAILROAD	$449,900	76 ft
2811 OLSON MEMORIAL HWY MINNEAPOLIS MN 55405	SOO LINE RAILROAD CO	RAILROAD	$142,800	298 ft
2700 GLENWOOD AVE MINNEAPOLIS MN 55405	SOO LINE RAILROAD CO	RAILROAD	$69,600	472 ft
2615 GLENWOOD AVE MINNEAPOLIS MN 55405	G N RY CO	RAILROAD	$0	986 ft

Property History

Current Tax Year

Year2026

Tax Due$0