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.
No permits found in Minneapolis open data for this parcel.
Downtown West · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1261.02
Zip code 55415
Source: Redfin Data Center (Invalid Date) · Zip 55415
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 |
|---|---|---|---|---|
| 318 3RD ST S MINNEAPOLIS MN 55415 | ALATUS PRESSBOX LAND LLC | LAND-COMMERCIAL | $785,000 | 167 ft |
| 312 3RD ST S MINNEAPOLIS MN 55415 | RO-LARK LLC | APARTMENT | $2,430,000 | 170 ft |
| 247 3RD AVE S MINNEAPOLIS MN 55415 | DRAKE BANK | COMMERCIAL-PREFERRED | $1,828,300 | 172 ft |
| 320 3RD ST S MINNEAPOLIS MN 55415 | DRAKE BANK | LAND-COMMERCIAL | $255,000 | 216 ft |
| 322 3RD ST S MINNEAPOLIS MN 55415 | MCNULTY PROPERTIES LLC | COMMERCIAL-PREFERRED | $495,000 | 228 ft |
| 300 3RD ST S MINNEAPOLIS MN 55415 | RCI HOLDINGS INC | COMMERCIAL-PREFERRED | $1,814,000 | 238 ft |
| 328 3RD ST S MINNEAPOLIS MN 55415 | ALATUS PRESSBOX LAND LLC | COMMERCIAL-NON PREFERRED | $746,000 | 248 ft |
| 300 WASHINGTON AVE S MINNEAPOLIS MN 55415 | CSM DEPOT L L C | COMMERCIAL-PREFERRED | $49,564,000 | 402 ft |
| 255 2ND AVE S MINNEAPOLIS MN 55401 | SAV LAND HOLDINGS LLC | APARTMENT | $10,455,000 | 419 ft |
| 400 3RD ST S MINNEAPOLIS MN 55415 | JKL PARTNERS LLC | COMMERCIAL-PREFERRED | $4,099,100 | 419 ft |
Most Recent Sale
Current Tax Year