Financial
Distress signals
Property profile

121 Washington Ave. Unit 2ND 2nd Minneapolis, MN 55401

FOR LEASE
Other commercial real estate
Property ID
US46-0453594
1.41 ac lot Built 1981
Last sale May 2019 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a renovated office space in downtown Minneapolis totaling approximately 1,000 square feet. The interior layout includes three private offices, two shared conference rooms suitable for meetings and presentations, and two lobbies that function as waiting areas with seating. The space has been updated with new flooring, fresh paint, and contemporary light fixtures, along with modern finishes. It is connected to the Minneapolis Skyway system, and its downtown setting provides access to public transportation and nearby retail and dining amenities.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$629
Tax billed · 2023
Assessed value$20k
Assessed land$4k
Assessed improvement$16k
Effective rate3.15%

Value estimate

· Sep 2026
$195k
$176k – $215k
AI approach$195k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$192/SF
ZIP average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$159 – $226

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?
B4-1
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat11.2
Tattoo & Piercing Shop11.3
Laundry Service10.3

Location

121 Washington Ave. Unit 2ND, Unit 2nd Minneapolis, MN 55401
County assessor Recorded deeds · 3 transfers Comp sales · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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