Financial
Distress signals
Property profile

2223 49th N Ave Minneapolis, MN 55430

OFF-MARKET
Other industrial properties
Property ID
US46-0921869
61,700 SF 2.85 ac lot Built 1960
Last sale Nov 2000 · $500
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a warehouse building in Minneapolis with a total area of 62,047 square feet, configured for either a single tenant or multiple tenants. Clear heights in the warehouse range from 14 to 40 feet. The electrical system includes a 1,200-amp service with an additional 2,000 amps available. The building has an installed fiber line, and interior improvements include LED lighting and security camera coverage throughout the property.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$115k
Tax billed · 2023
Assessed value$3.78M
Assessed land$782k
Assessed improvement$3.00M
Effective rate3.04%

Value estimate

· Sep 2026
$4.27M
$3.84M – $4.70M
Submarket $/SF estimate$4.39M

Realmo valuation models over county records and 9 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 comparables9

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency48.7
Restaurant47.8
Building Supply39.4

Location

2223 49th N Ave Minneapolis, MN 55430
County assessor Recorded deeds · 5 transfers 9 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1601 67th N, Brooklyn Center, MN 55430-1743 $2,725,000 Nov 2025 35,162 SF
4700 Lyndale N, Minneapolis, MN 55430-3638 $3,200,000 Aug 2023 38,532 SF
1700 Fwy, Brooklyn Center, MN 55430-1707 $4,000,000 Oct 2022 43,404 SF
6701 Pkwy, Brooklyn Center, MN 55430-2811 $7,282,000 Apr 2022 74,848 SF
2400 Fwy, Brooklyn Center, MN 55430-1709 $3,900,000 Apr 2022 54,124 SF
6801 Shingle Crk, Brooklyn Center, MN 55430-1430 $6,585,000 Apr 2019 85,232 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2223 49th N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message