1320 LAGOON AVE MINNEAPOLIS MN 55408

PID: 3302924430195

Property Overview

Parcel ID3302924430195

Lot Size46,983 sq ft (1.079 ac)

Lot Dimensions (est.)155 ft wide × 303 ft deep

Year Built1994

Property ClassCOMMERCIAL-PREFERRED

OwnerMOZAIC THEATRE LLC

Assessed Value$1,090,000

Land Value$1,089,000

Building Value$1,000

Annual Tax$37,909

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

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.

Permit History

1 permit on record since 2018 · $7K total declared value · Most recent: Jul 2018 (commercial multi-family)

Commercial Multi-FamilyJul 2018Closed

$7K

MODERN HEATING AND AIR CONDITIONING INC

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

Neighborhood Profile

Lowry Hill East · Minneapolis

Median reported rent1,679/mo

Renter-occupied91.6%

Median home value$386K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 77

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

CM4Destination Mixed Use

Property History

Current Tax Year

Year2026

Tax Due$37,909

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
1350 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMON AREA	$0
1350 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMON AREA	$0
1350 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC PARKING LLC	COMMON AREA	$0
1350 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC OFFICE LLC	COMMON AREA	$0
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMON AREA	$0
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC PARKING LLC	COMMON AREA	$0
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMON AREA	$0
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMERCIAL-PREFERRED	$690,500
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC COMMERCIAL LLC	COMMON AREA	$0
1340 LAGOON AVE MINNEAPOLIS MN 55408	MOZAIC PARKING LLC	COMMERCIAL-PREFERRED	$2,095,300