Property profile

1340 Lagoon Ave M Minneapolis, MN 55408

OFF-MARKET
Commercial real estate
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Property ID
US46-1310416
65,326 SF 0.56 ac Built 2012
Last sale Mar 2011
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$269k
Tax billed · 2023
Assessed value$8.56M
Assessed land$391k
Assessed improvement$8.17M
Effective rate3.14%

Value estimate

· Nov 2026
$6.15M
$5.54M – $6.77M
Submarket $/SF estimate$8.39M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$102 – $283
Qualifying comparables7

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?
C3A
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply48.0
Wholesale Shop41.7
Dental Office33.2

Location

1340 Lagoon Ave, Unit M Minneapolis, MN 55408-2061
County assessor Recorded deeds · 3 transfers 7 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2828 Hennepin, Minneapolis, MN 55408-1906 $4,250,000 Apr 2025 55,237 SF
207 Lk, Minneapolis, MN 55408-2473 $1,550,000 Mar 2025 14,748 SF
3018 Hennepin, Minneapolis, MN 55408-2614 $1,100,000 Dec 2024 9,942 SF
3501 Aldrich S, Minneapolis, MN 55408-4149 $468,000 Sep 2024 10,372 SF
711 Lk, Minneapolis, MN 55408-2918 $2,100,000 Jun 2024 37,242 SF
2638 Lyndale S, Minneapolis, MN 55408-1321 $1,067,163 Jan 2024 11,357 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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