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 ↗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.
8 permits on record since 2019 · $241K total declared value · Most recent: Aug 2025 (commfdrr)
Gilbert Mechanical Contractors LLC
4Front Energy Solutions Inc
BUELL CONSULTING ON BEHALF OF T MOBILE
Yale Mechanical
MOORHEAD MACHINERY AND BOILER CO
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Loring Park · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1052.04
Zip code 55403
Source: Redfin Data Center (Invalid Date) · Zip 55403
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 |
|---|---|---|---|---|
| 15 GRANT ST E MINNEAPOLIS MN 55403 | LORING TOWERS MN HOUSING L P | LOW INCOME RENTAL | $16,390,000 | 125 ft |
| 1401 NICOLLET AVE MINNEAPOLIS MN 55403 | TRAN HOLDINGS LLC | COMMERCIAL-PREFERRED | $788,500 | 170 ft |
| 1402 1ST AVE S MINNEAPOLIS MN 55403 | WAMO MANAGEMENT LLC | COMMERCIAL-PREFERRED | $765,200 | 185 ft |
| 1405 NICOLLET AVE MINNEAPOLIS MN 55403 | WOODDALE CHURCH | COMMERCIAL-PREFERRED | $0 | 217 ft |
| 1406 1ST AVE S MINNEAPOLIS MN 55403 | WAMO MANAGEMENT LLC | COMMERCIAL-PREFERRED | $264,500 | 232 ft |
| 1411 NICOLLET AVE MINNEAPOLIS MN 55403 | WALDON PROPERTIES L L P | COMMERCIAL-PREFERRED | $946,600 | 270 ft |
| 1325 1ST AVE S MINNEAPOLIS MN 55403 | SUBSTANCE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 274 ft |
| 101 GRANT ST E MINNEAPOLIS MN 55403 | SUBSTANCE CHURCH INC | COMMERCIAL-PREFERRED | $0 | 301 ft |
| 1408 1ST AVE S MINNEAPOLIS MN 55403 | SA STRADFORD FLATS LTD PTSHP | LOW INCOME RENTAL | $4,047,300 | 319 ft |
| 14 GRANT ST E MINNEAPOLIS MN 55403 | MARQUETTE PLACE APTS LLC | APARTMENT | $7,130,000 | 326 ft |
Current Tax Year