207 ISLAND AVE W MINNEAPOLIS MN 55401

PID: 2302924220004

Property Overview

Parcel ID2302924220004

Lot Size19,607 sq ft (0.450 ac)

Lot Dimensions (est.)222 ft wide × 88 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerCITY OF MINNEAPOLIS

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

Environmental Constraints

FloodplainYes — Zone AE

WetlandsPresent (~100% coverage)

Historic DistrictYes — St. Anthony Falls

Development Opportunities

Public land opportunityHigh

Owned by City of Minneapolis — surplus sales, redevelopment programs, or land trust transfers may apply.

Hennepin County parcel ownership data ↗

Historic district — St. Anthony FallsHigh

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 ↗

Potential programs

Minneapolis Homes — property salesMedium

Minneapolis Homes sells city-owned lots for homeownership and affordable housing; eligibility depends on property status and program cycle.

Minneapolis — City Property Sales ↗

Hennepin County surplus propertyMedium

Hennepin County disposes of public parcels through its surplus property program; contact Real Estate Services for current listings.

Hennepin County — Surplus Property Sales ↗

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

Nicollet Island - East Bank · Minneapolis

Median reported rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

Market Snapshot

Zip code 55401

Median sale price$410K-14.2% YoY

Median price / sqft$331/sqft

Median days to close70 days

Active listings86

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

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Estimated · verify frontage

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width209 ft

Buildable depth48 ft

Area~6,283 sqft

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

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

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
95 ISLAND AVE W MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	RESIDENTIAL	$0	152 ft
101 ISLAND AVE W MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	RESIDENTIAL	$0	185 ft
105 ISLAND AVE W MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	RESIDENTIAL-TWO UNIT	$0	238 ft
11 MAPLE PL MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	VACANT LAND-RESIDENTIAL	$0	257 ft
71 ISLAND AVE W MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	LAND-COMMERCIAL	$0	257 ft
15 MAPLE PL MINNEAPOLIS MN 55401	MPLS PARK & RECREATION BOARD	APARTMENT	$0	324 ft
MN	Unknown	—	—	324 ft
MN	Unknown	—	—	324 ft
MN	Unknown	—	—	324 ft
MN	Unknown	—	—	324 ft

Property History

Current Tax Year

Year2026

Tax Due$0