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Financial
Distress signals
Property profile

1729 2Nd St N Minneapolis, MN 55411

FOR LEASE
Other industrial properties
Property ID
US46-3213168
27,168 SF 0.36 ac lot Built 1900
Last sale Sep 2023 · $2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 1729 2nd St N, Minneapolis, MN 55411 is a 700-square-foot creative studio/workspace located on the top floor in Northeast Minneapolis. The space features an all-white interior with high ceilings, a painted ceiling, and concrete flooring. It includes newly installed windows for additional daylight, updated restroom facilities, and a frosted-glass entry door, creating a dedicated environment suited for studio or workspace use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$48k
Tax billed · 2023
Assessed value$1.56M
Assessed land$143k
Assessed improvement$1.41M
Effective rate3.06%

Value estimate

· Oct 2026
$2.57M
$2.31M – $2.82M
AI approach$2.57M
Submarket $/SF estimate$2.06M
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$3k
Operating expenses−$3k
NOI · 57,485.71% cap applied$10k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
Submarket average, outlier-cleaned · 297 recorded sales of this use type
Observed band · Q1–Q3$59 – $147
Qualifying comparables5

Cap rate analysis

How does the asset earn?
57,485.71%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I2
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.0
Auto Parts Store17.7
HVAC Service15.9

Location

1729 2Nd St N Minneapolis, MN 55411
County assessor Recorded deeds · 11 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 5th, Minneapolis, MN 55411-4301 $3,250,000 Oct 2023 36,150 SF
1323 Washington N, Minneapolis, MN 55411-3414 $3,779,224 Jul 2023 34,854 SF
1409 Washington N, Minneapolis, MN 55411-3421 $3,779,224 Jul 2023 34,854 SF
2306 Washington N, Minneapolis, MN 55411-2223 $1,450,000 Apr 2021 21,617 SF
1112 Aldrich N, Minneapolis, MN 55411 $1,177,355 May 2019 33,950 SF
3120 Washington N, Minneapolis, MN 55411 $1,680,000 Apr 2019 19,093 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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