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 ↗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 ↗Signals are based on public datasets; program eligibility requires verification.
42 permits on record since 2000 · $4.3M total declared value · Most recent: Apr 2026 (commfdnr)
NORTHLAND MECHANICAL CONTRACTORS, INC
Gallien Construction
LBP Mechanical Inc
M.A. MORTENSON
DIVERSIFIED CONSTRUCTION
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 |
|---|---|---|---|---|
| 815 NICOLLET MALL MINNEAPOLIS MN 55402 | 815 NICOLLET LLC | COMMERCIAL-PREFERRED | $2,092,500 | 75 ft |
| 813 NICOLLET MALL MINNEAPOLIS MN 55402 | NICOLLET OFFICE FEE OWNER LL | COMMERCIAL-PREFERRED | $236,000 | 102 ft |
| 823 NICOLLET MALL MINNEAPOLIS MN 55402 | MEDICAL ARTS LLP | COMMERCIAL-PREFERRED | $631,400 | 109 ft |
| 811 NICOLLET MALL MINNEAPOLIS MN 55402 | MIDWEST PLAZA LTD | COMMERCIAL-PREFERRED | $672,000 | 125 ft |
| 811 NICOLLET MALL MINNEAPOLIS MN 55402 | F W KNOBLAUCH ET AL TRUST | LAND-COMMERCIAL | $486,000 | 149 ft |
| 81 8TH ST S MINNEAPOLIS MN 55402 | NICOLLET OFFICE FEE OWNER LL | COMMERCIAL-PREFERRED | $10,376,000 | 158 ft |
| 818 MARQUETTE AVE MINNEAPOLIS MN 55402 | METRO BUILDING LLC | APARTMENT | $24,740,000 | 164 ft |
| 801 NICOLLET MALL MINNEAPOLIS MN 55402 | NICOLLET OFFICE FEE OWNER LL | COMMERCIAL-PREFERRED | $15,564,000 | 218 ft |
| 901 NICOLLET MALL MINNEAPOLIS MN 55402 | Y-Q ASSOCIATES LTD PTNRSHP | COMMERCIAL-NON PREFERRED | $11,470,000 | 225 ft |
| 83 8TH ST S MINNEAPOLIS MN 55402 | F W KNOBLAUCH ET AL TRUST | COMMERCIAL-PREFERRED | $5,448,000 | 231 ft |
Most Recent Sale
Current Tax Year