ParcelLens
Property Intelligence · Twin Cities
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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 ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗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 ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗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.
3 permits on record since 2003 · $515K total declared value · Most recent: Feb 2012 (building re-inspection)
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1044
Zip code 55402
Source: Redfin Data Center (Invalid Date) · Zip 55402
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 |
|---|---|---|---|---|
| 823 NICOLLET MALL MINNEAPOLIS MN 55402 | MEDICAL ARTS LLP | COMMERCIAL-PREFERRED | $631,400 | 85 ft |
| 825 NICOLLET MALL MINNEAPOLIS MN 55402 | MEDICAL ARTS LLP ET AL | COMMERCIAL-PREFERRED | $5,868,600 | 164 ft |
| 81 8TH ST S MINNEAPOLIS MN 55402 | NICOLLET OFFICE FEE OWNER LL | COMMERCIAL-PREFERRED | $10,376,000 | 173 ft |
| 83 8TH ST S MINNEAPOLIS MN 55402 | F W KNOBLAUCH ET AL TRUST | COMMERCIAL-PREFERRED | $5,448,000 | 179 ft |
| 87 8TH ST S MINNEAPOLIS MN 55402 | KERN B FONTAINE JR TRUSTEE | COMMERCIAL-PREFERRED | $5,448,000 | 182 ft |
| 815 NICOLLET MALL MINNEAPOLIS MN 55402 | 815 NICOLLET LLC | COMMERCIAL-PREFERRED | $2,092,500 | 209 ft |
| 813 NICOLLET MALL MINNEAPOLIS MN 55402 | NICOLLET OFFICE FEE OWNER LL | COMMERCIAL-PREFERRED | $236,000 | 219 ft |
| 900 MARQUETTE AVE MINNEAPOLIS MN 55402 | DRE 900 MARQUETTE LLC | LAND-COMMERCIAL | $2,851,300 | 232 ft |
| 811 NICOLLET MALL MINNEAPOLIS MN 55402 | MIDWEST PLAZA LTD | COMMERCIAL-PREFERRED | $672,000 | 240 ft |
| 800 MARQUETTE AVE MINNEAPOLIS MN 55402 | CITY OF MPLS | LAND-COMMERCIAL | $0 | 246 ft |
Most Recent Sale
Current Tax Year