15 WASHINGTON AVE S MINNEAPOLIS MN 55401

PID: 2202924410217

Property Overview

Parcel ID2202924410217

Lot Size74,386 sq ft (1.708 ac)

Lot Dimensions (est.)397 ft wide × 188 ft deep

Year Built2019

Property ClassCOMMERCIAL-PREFERRED

Owner250 NICOLLET OFFICE LLC

Assessed Value$100,720,000

Land Value$7,100,200

Building Value$93,619,800

Annual Tax$3,610,274

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

High-Frequency Transit (5-min walk)High

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 ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Met Council Livable Communities GrantMedium

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 ↗

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

Downtown West · Minneapolis

Median reported rent2,088/mo

Renter-occupied70.2%

Median home value$558K

Vacancy rate10.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1261.02

Market Snapshot

Zip code 55401

Median sale price$385K-2.5% YoY

Median price / sqft$317/sqft

Median days to close52 days

Active listings105

Source: Redfin Data Center (Invalid Date) · Zip 55401

Zoning

DT2Downtown Destination

Downtown Center 2 — downtown frame district

Typical Uses

·Office
·Mixed-use residential
·Hotels
·Ground-floor retail

Development Potential

Setbacks

Front0 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width397 ft

Buildable depth188 ft

Area~74,636 sqft

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

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value
1 ADDRESS PENDING MINNEAPOLIS MN 00000	J THOMPSON & G THOMPSON	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	GATEWAY RESIDENCES LLC	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	JAMES MCROBERTS	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	JAMES MCROBERTS	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	GATEWAY RESIDENCES LLC	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	GATEWAY RESIDENCES LLC	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	DAVID GROSS & TERESA GROSS	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	BROWNS VALLEY 27 LLC	CONDO GARAGE/MISCELLANEOUS	$33,500
1 ADDRESS PENDING MINNEAPOLIS MN 00000	HIDDEN SEASONS LLC	CONDO GARAGE/MISCELLANEOUS	$33,500
255 HENNEPIN AVE MINNEAPOLIS MN 55401	WILLIAMS/OLSON REV TRUST	CONDO GARAGE/MISCELLANEOUS	$5,000

Property History

Most Recent Sale

Date202307

Price$225,000,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$3,610,274