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.
16 permits on record since 2010 · $3.0M total declared value · Most recent: Mar 2025 (roofwind)
RAYCO CONSTRUCTION INC
Cities Companies, Inc.
Yellow Tree Construction Services
ALBERTSON MECHANICAL LLC
Architect Mechanical Inc
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 |
|---|---|---|---|---|
| 119 2ND ST N MINNEAPOLIS MN 55401 | SPACE HERE LLC | COMMERCIAL-PREFERRED | $2,150,000 | 76 ft |
| 212 2ND AVE N MINNEAPOLIS MN 55401 | COINER LLC | COMMERCIAL-PREFERRED | $1,040,300 | 167 ft |
| 126 WASHINGTON AVE N MINNEAPOLIS MN 55401 | TULLY LOT LLC | LAND-COMMERCIAL | $712,800 | 181 ft |
| 118 WASHINGTON AVE N MINNEAPOLIS MN 55401 | HARRY J LERNER | LAND-COMMERCIAL | $1,425,600 | 182 ft |
| 115 2ND ST N MINNEAPOLIS MN 55401 | VELO APARTMENTS LLC | APARTMENT | $24,020,000 | 187 ft |
| 116 WASHINGTON AVE N MINNEAPOLIS MN 55401 | THE LUTHER COMPANY LLLP | LAND-COMMERCIAL | $1,425,600 | 217 ft |
| 216 2ND AVE N MINNEAPOLIS MN 55401 | J & J L RIMARCIK ET AL | LAND-COMMERCIAL | $1,103,500 | 240 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | MDW S&S INVESTORS LLC ETAL | APARTMENT | $33,720,600 | 249 ft |
| 1 ADDRESS PENDING MINNEAPOLIS MN 00000 | AP 128 N 2ND ST LLC | COMMERCIAL-PREFERRED | $5,729,400 | 249 ft |
| MN | Unknown | — | — | 249 ft |
Most Recent Sale
Current Tax Year