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 ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗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.
1 permit on record since 2019 · $4K total declared value · Most recent: Dec 2019 (commercial multi-family)
MOORHEAD MACHINERY AND BOILER CO
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
East Isles · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1080
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Urban Neighborhood 3 — medium-density residential
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Back-of-envelope estimate based on 3-story wood frame (5–12 units) benchmarks for 5,407 sqft buildable area.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2883 HOLMES AVE S MINNEAPOLIS MN 55408 | C DAVID GEORGE | APARTMENT | $821,000 | 56 ft |
| 2873 HOLMES AVE S MINNEAPOLIS MN 55408 | C DAVID GEORGE | APARTMENT | $821,000 | 56 ft |
| 2878 HOLMES AVE S MINNEAPOLIS MN 55408 | MESHBESHER, SINGER & SPENCE | APARTMENT | $985,000 | 135 ft |
| 2880 HENNEPIN AVE MINNEAPOLIS MN 55408 | COUNTY OF HENNEPIN | COMMERCIAL-PREFERRED | $0 | 143 ft |
| 2870 HOLMES AVE S MINNEAPOLIS MN 55408 | C DAVID GEORGE | APARTMENT | $1,806,000 | 163 ft |
| 1452 LAGOON AVE MINNEAPOLIS MN 55408 | LAGOON APARTMENTS LLC | APARTMENT | $289,000 | 211 ft |
| 2900 HENNEPIN AVE MINNEAPOLIS MN 55408 | ARMORY HOLDINGS LLC | COMMERCIAL-PREFERRED | $2,100,000 | 238 ft |
| 1438 LAKE ST W MINNEAPOLIS MN 55408 | RAINBOW BUILDING & SHOPS LLC | COMMERCIAL-PREFERRED | $3,400,000 | 273 ft |
| 2910 HOLMES AVE S MINNEAPOLIS MN 55408 | LUND REAL ESTATE HLDINGS INC | LAND-COMMERCIAL | $548,100 | 280 ft |
| 2910 HENNEPIN AVE MINNEAPOLIS MN 55408 | GREEK EASTERN ORTH CH MPLS | COMMERCIAL-PREFERRED | $2,800,000 | 310 ft |
Current Tax Year