Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.
Minneapolis Great Streets ↗Located in the Minneapolis South Green Zone — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.
Minneapolis Green Zones ↗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 ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.
Minneapolis — Cultural Districts ↗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 ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗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 ↗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.
12 permits on record since 2013 · $434K total declared value · Most recent: Jun 2021 (remodel)
Qualtek Wireless
Powder River Development Services, LLC obo T-Mobil
Qualtek Wireless
Maria Suarez
Faircon Service Co
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Phillips West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1260
Zip code 55408
Source: Redfin Data Center (Invalid Date) · Zip 55408
Current Tax Year
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 |
|---|---|---|---|---|
| 2929 4TH AVE S MINNEAPOLIS MN 55408 | NO STAR MINI-STORAGE MPLS LP | COMMERCIAL-PREFERRED | $815,000 | 133 ft |
| 416 LAKE ST E MINNEAPOLIS MN 55408 | NO STAR MINI-STORAGE MPLS LP | COMMERCIAL-PREFERRED | $600,000 | 134 ft |
| 2932 5TH AVE S MINNEAPOLIS MN 55408 | NO STAR MINI-STORAGE MPLS LP | COMMERCIAL-PREFERRED | $263,000 | 172 ft |
| 403 LAKE ST E MINNEAPOLIS MN 55408 | GRASS ROOTS LLC | LAND-COMMERCIAL | $128,900 | 194 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | ZAGAL PROPERTIES LLC | COMMERCIAL-PREFERRED | $686,000 | 237 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | ZAGAL PROPERTIES LLC | COMMERCIAL-PREFERRED | $300,900 | 237 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | SWANIBHNA LLC | COMMERCIAL-PREFERRED | $331,500 | 237 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | SWANIBHNA LLC | COMMERCIAL-PREFERRED | $117,300 | 237 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | SWANIBHNA LLC | COMMERCIAL-PREFERRED | $96,900 | 237 ft |
| 334 LAKE ST E MINNEAPOLIS MN 55408 | SWANIBHNA LLC | COMMERCIAL-PREFERRED | $173,400 | 237 ft |