1201 HARMON PL MINNEAPOLIS MN 55403

PID: 2702924241534

Property Overview

Parcel ID2702924241534

Lot Size40,972 sq ft (0.941 ac)

Lot Dimensions (est.)269 ft wide × 152 ft deep

Year Built1920

Property ClassCOMMERCIAL-PREFERRED

Owner1201 INVESTMENTS LLC

Assessed Value$4,930,000

Land Value$2,659,800

Building Value$2,270,200

Annual Tax$183,016

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Harmon Place

Development Opportunities

Historic district — Harmon PlaceHigh

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

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

15 permits on record since 2012 · $4.5M total declared value · Most recent: Jun 2025 (commfdnr)

CommfdnrJun 2025Closed

$31K

Kraft Mechanical

Commercial MinorMay 2025Closed

Vertex Mechanical Inc

RemodelMar 2025Closed

$2.0M

Doerr Architecture

RemodelJul 2023Closed

$15K

Severson Masonry LLC

RemodelAug 2020Closed

$214K

RILEY CONSTRUCTION

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Loring Park · Minneapolis

Median reported rent1,242/mo

Renter-occupied66.4%

Median home value$260K

Vacancy rate10.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1052.01

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

Zoning

DT1Downtown Center

Downtown Center 1 — urban core district

Typical Uses

·Office towers
·Hotels
·High-rise residential
·Entertainment
·Retail

Development Potential

Setbacks

Front0 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width269 ft

Buildable depth152 ft

Area~40,888 sqft

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

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1212 YALE PL MINNEAPOLIS MN 55403	YALE PLACE APARTMENTS L L P	APARTMENT	$2,950,000	123 ft
1213 HARMON PL MINNEAPOLIS MN 55403	J G CRANE ET AL TRUSTEES	COMMERCIAL-PREFERRED	$734,900	132 ft
24 13TH ST S MINNEAPOLIS MN 55403	1229 HARMON PLACE LLC	LAND-COMMERCIAL	$646,400	198 ft
1221 HARMON PL MINNEAPOLIS MN 55403	1229 HARMON PLACE LLC	COMMERCIAL-PREFERRED	$2,623,500	220 ft
1230 YALE PL MINNEAPOLIS MN 55403	1229 HARMON PLACE LLC	LAND-COMMERCIAL	$858,000	224 ft
1107 HARMON PL MINNEAPOLIS MN 55403	UNIVERSITY OF ST THOMAS	COMMERCIAL-PREFERRED	$0	283 ft
1206 HARMON PL MINNEAPOLIS MN 55403	LUND REAL EST HOLDINGS LLC	COMMERCIAL-PREFERRED	$1,147,500	316 ft
11 12TH ST S MINNEAPOLIS MN 55403	NANCY KAY JONES	CONDOMINIUM	$235,000	316 ft
11 12TH ST S MINNEAPOLIS MN 55403	KENOSHA PLACE LLC	COMMERCIAL-PREFERRED	$626,700	316 ft
11 12TH ST S MINNEAPOLIS MN 55403	RENE STERNAU	COMMERCIAL-PREFERRED	$99,000	316 ft

Property History

Current Tax Year

Year2026

Tax Due$183,016