Realmo Analytics

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Financial
Distress signals
Property profile

1020 Franklin Ave Minneapolis, MN 55404

OFF-MARKET
Industrial properties
Property ID
US46-0612493
18,480 SF 0.91 ac lot Built 2003
Last sale Sep 2021 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$73k
Tax billed · 2023
Assessed value$2.40M
Assessed land$592k
Assessed improvement$1.81M
Effective rate3.05%

Value estimate

· Oct 2026
$1.82M
$1.63M – $2.00M
Submarket $/SF estimate$2.43M

Realmo valuation models over county records and 17 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 comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service12.2
Nail Salon12.0
Bakery11.5

Location

1020 Franklin Ave Minneapolis, MN 55404-2919
County assessor Recorded deeds · 17 transfers 17 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2450 Minnehaha, Minneapolis, MN 55404-4124 $2,900,000 Oct 2024 41,474 SF
2323 Snelling, Minneapolis, MN 55404-3158 $1,250,000 Jan 2024 5,900 SF
2533 Bloomington, Minneapolis, MN 55404-3921 $2,300,000 Aug 2022 22,418 SF
2330 Minnehaha, Minneapolis, MN 55404-3153 $1,065,000 Sep 2021 5,666 SF
2001 24th, Minneapolis, MN 55404-4109 $6,900,000 Jan 2021 81,511 SF
2215 Snelling, Minneapolis, MN 55404-3156 $533,333 Jan 2020 21,902 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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