Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.
Minneapolis Preservation & Landmarks ↗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 ↗Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.
Minneapolis — 4d Affordable Housing Incentive ↗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.
6 permits on record since 2017 · $482K total declared value · Most recent: Jan 2020 (commercial multi-family)
Horwitz LLC
ACI Plumbing Inc
CENTERPOINT ENERGY
barker nestor architechture
McDonnell Plumbing and Heating LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
North Loop · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1262.02
Zip code 55401
Source: Redfin Data Center (Invalid Date) · Zip 55401
Downtown Center 1 — urban core district
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 318 2ND ST N MINNEAPOLIS MN 55401 | HENNEPIN CO REGIONAL RR AUTH | LAND-COMMERCIAL | $0 | 125 ft |
| 322 2ND ST N MINNEAPOLIS MN 55401 | BURLINGTON NORTHERN RR CO | RAILROAD | $0 | 158 ft |
| 124 3RD AVE N MINNEAPOLIS MN 55401 | 124 NORTH PARTNERS LLC | COMMERCIAL-PREFERRED | $4,301,600 | 165 ft |
| 107 3RD AVE N MINNEAPOLIS MN 55401 | AP 107 3RD AVE N LLC | COMMERCIAL-PREFERRED | $2,230,000 | 170 ft |
| 227 1ST ST N MINNEAPOLIS MN 55401 | AP 107 3RD AVE N LLC | COMMERCIAL-PREFERRED | $2,070,000 | 176 ft |
| 314 2ND ST N MINNEAPOLIS MN 55401 | RPM 2 LLC | APARTMENT | $20,830,000 | 180 ft |
| 117 3RD AVE N MINNEAPOLIS MN 55401 | JOH NORTH LOOP LLC | LAND-COMMERCIAL | $131,500 | 193 ft |
| 302 1ST ST N MINNEAPOLIS MN 55401 | NORTHERN STATES POWER CO | LAND-COMMERCIAL | $81,100 | 207 ft |
| 111 4TH AVE N MINNEAPOLIS MN 55401 | MATTHEW HETLER | CONDO GARAGE/MISCELLANEOUS | $24,000 | 223 ft |
| 111 4TH AVE N MINNEAPOLIS MN 55401 | MATTHEW HETLER | CONDO GARAGE/MISCELLANEOUS | $24,000 | 223 ft |
Most Recent Sale
Current Tax Year