On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗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.
6 permits on record since 2001 · $2.4M total declared value · Most recent: Jul 2024 (remodel)
BUILDING RESTORATION CORP
Becsom Corporation
Becsom Corporation
NORTHERN AIR CORP
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1261.02
Zip code 55401
Source: Redfin Data Center (Invalid Date) · Zip 55401
Downtown Center 2 — downtown frame 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 |
|---|---|---|---|---|
| 16 4TH ST N MINNEAPOLIS MN 55401 | BIMOSEDAA HOUSING LTD PTNRSH | LOW INCOME RENTAL | $5,643,000 | 164 ft |
| 317 1ST AVE N MINNEAPOLIS MN 55401 | HYPOTHETICALLY SPEAKING LLC | LAND-COMMERCIAL | $325,200 | 174 ft |
| 319 1ST AVE N MINNEAPOLIS MN 55401 | HYPOTHETICALLY SPEAKING LLC | COMMERCIAL-PREFERRED | $1,584,000 | 178 ft |
| 21 3RD ST N MINNEAPOLIS MN 55401 | 2180 LLC | COMMERCIAL-PREFERRED | $3,060,000 | 195 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP INC | COMMERCIAL-PREFERRED | $688,500 | 198 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP | COMMERCIAL-PREFERRED | $680,400 | 198 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP | COMMERCIAL-PREFERRED | $134,000 | 198 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP | CONDOMINIUM | $125,000 | 198 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP | CONDOMINIUM | $133,000 | 198 ft |
| 311 1ST AVE N MINNEAPOLIS MN 55401 | SWERVO DEVELOPMENT CORP | CONDOMINIUM | $133,000 | 198 ft |
Current Tax Year