Property Overview

Parcel ID2202924420125

Lot Size24,586 sq ft (0.564 ac)

Lot Dimensions (est.)397 ft wide × 62 ft deep

Year Built0

Property ClassVACANT LAND-APARTMENT

OwnerBIT NLG III INVESTORS LLC

Assessed Value$21,400

Land Value$21,400

Building Value$0

Annual Tax$560

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Minneapolis Warehouse

Development Opportunities

Historic district — Minneapolis WarehouseHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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 ↗

Potentially 4d-Eligible PropertyMedium

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 ↗

Potential programs

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

North Loop · Minneapolis

Median reported rent1,984/mo

Renter-occupied82.2%

Median home value$436K

Vacancy rate7.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1262.01

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Current Tax Year

Year2026

Tax Due$560

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	Distance
408 5TH ST N MINNEAPOLIS MN 55401	B N RR CO	RAILROAD	$0	82 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	Unknown	—	$0	138 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.