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 ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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 ↗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.
112 permits on record since 2000 · $184.9M total declared value · Most recent: Jul 2025 (commfdnr)
Modern Heating & Air Conditioning LLC
Palen Kimball LLC
GARDNER BUILDERS
Palen Kimball LLC
Modern Heating & Air Conditioning LLC
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 2 — downtown frame 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 |
|---|---|---|---|---|
| 730 NICOLLET MALL MINNEAPOLIS MN 55402 | 601 W COMPANIES MN LLC | COMMERCIAL-PREFERRED | $11,350,000 | 170 ft |
| MN | Unknown | — | — | 190 ft |
| MN | Unknown | — | — | 190 ft |
| 45 7TH ST S MINNEAPOLIS MN 55402 | HPTWN PROPERTIES TRUST | COMMERCIAL-PREFERRED | $5,900 | 190 ft |
| 45 7TH ST S MINNEAPOLIS MN 55402 | HPTWN PROPERTIES TRUST | COMMERCIAL-PREFERRED | $26,500 | 190 ft |
| MN | Unknown | — | — | 190 ft |
| MN | Unknown | — | — | 190 ft |
| 45 7TH ST S MINNEAPOLIS MN 55402 | HPTWN PROPERTIES TRUST | COMMERCIAL-PREFERRED | $11,800 | 190 ft |
| 45 7TH ST S MINNEAPOLIS MN 55402 | HPTWN PROPERTIES TRUST | COMMERCIAL-PREFERRED | $26,500 | 190 ft |
| MN | Unknown | — | — | 190 ft |
Most Recent Sale
Current Tax Year