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.
7 permits on record since 2018 · $40.2M total declared value · Most recent: Dec 2025 (commercial minor)
Associated Mechanical Contractors Inc
Modern Heating & Air Conditioning LLC
KindBody
Steinkraus Plumbing Inc
WEIS BUILDERS
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 |
|---|---|---|---|---|
| 128 2ND ST N MINNEAPOLIS MN 55401 | AP 128 N 2ND ST LLC | COMMERCIAL-PREFERRED | $5,729,400 | 0 ft |
| MN | Unknown | — | — | 0 ft |
| 120 1ST AVE N MINNEAPOLIS MN 55401 | NORTH LOOP HYDE LLC | COMMERCIAL-PREFERRED | $3,750,000 | 134 ft |
| 115 1ST ST N MINNEAPOLIS MN 55401 | IRONWOOD VENTURES LLC | RESIDENTIAL | $1,996,900 | 188 ft |
| 117 1ST ST N MINNEAPOLIS MN 55401 | OIVF III WEST HOTEL LLC | COMMERCIAL-PREFERRED | $3,130,000 | 189 ft |
| 113 1ST ST N MINNEAPOLIS MN 55401 | FIRST STREET LLC | COMMERCIAL-PREFERRED | $925,000 | 192 ft |
| 121 1ST ST N MINNEAPOLIS MN 55401 | OIVF III WEST HOTEL LLC | COMMERCIAL-PREFERRED | $5,348,000 | 195 ft |
| 123 1ST ST N MINNEAPOLIS MN 55401 | OIVF III WEST HOTEL LLC | COMMERCIAL-PREFERRED | $2,674,000 | 206 ft |
| 125 1ST ST N MINNEAPOLIS MN 55401 | OIVF III WEST HOTEL LLC | COMMERCIAL-PREFERRED | $5,348,000 | 224 ft |
| 100 1ST AVE N MINNEAPOLIS MN 55401 | RIVER VALLEY CHURCH OF AV | COMMERCIAL-PREFERRED | $0 | 225 ft |
Most Recent Sale
Current Tax Year