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.
14 permits on record since 2013 · $34.5M total declared value · Most recent: Sep 2024 (commfdnr)
Quality Refrigeration Inc
Legacy Companies Inc
Alexander Plumbing LLC
BUILDING ASSETS LLC
SR Construction LLC
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Nicollet Island - East Bank · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1036
Zip code 55413
Source: Redfin Data Center (Invalid Date) · Zip 55413
Most Recent Sale
Current Tax Year
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 |
|---|---|---|---|---|
| 13 5TH ST N E MINNEAPOLIS MN 55413 | LAZAROS CHRISTOFORIDES TRUST | APARTMENT | $2,166,000 | 155 ft |
| 500 1ST AVE N E MINNEAPOLIS MN 55413 | THE THIRD NW NATL BANK | LAND-COMMERCIAL | $433,100 | 181 ft |
| 509 CENTRAL AVE N E MINNEAPOLIS MN 55414 | LAZAROS CHRISTOFORIDES TRUST | APARTMENT | $1,976,000 | 184 ft |
| 519 HENNEPIN AVE E MINNEAPOLIS MN 55414 | MERLE R VAGLE | COMMERCIAL-NON PREFERRED | $152,000 | 204 ft |
| 605 CENTRAL AVE N E MINNEAPOLIS MN 55414 | DENNIS KEMP PROPERTIES LLC | COMMERCIAL-PREFERRED | $950,000 | 208 ft |
| 505 HENNEPIN AVE E MINNEAPOLIS MN 55414 | LAZAROS CHRISTOFORIDES TRUST | RESIDENTIAL | $818,000 | 231 ft |
| 501 HENNEPIN AVE E MINNEAPOLIS MN 55414 | ARSENIO J THUNSTROM | COMMERCIAL-PREFERRED | $808,500 | 266 ft |
| 607 CENTRAL AVE N E MINNEAPOLIS MN 55414 | AJO HOLDINGS LLC | COMMERCIAL-PREFERRED | $541,500 | 267 ft |
| 513 1ST AVE N E MINNEAPOLIS MN 55413 | CJF HOLDINGS LLC | LAND-COMMERCIAL | $37,600 | 281 ft |
| 509 1ST AVE N E MINNEAPOLIS MN 55413 | SUMMERVILLE HOLDINGS LLC | COMMERCIAL-PREFERRED | $783,800 | 286 ft |