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Financial
Distress signals
Property profile

3400 Cheatham Ave Minneapolis, MN 55406

OFF-MARKET
Other industrial properties
Property ID
US46-1105557
46,038 SF 1.36 ac lot Built 1907
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Minneapolis Seed Company building is a multi-use facility offering more than 50,000 square feet suitable for office and warehouse uses, including a non-active railway spur. Office space totaling over 19,000 square feet is located on the south side of the building and was remodeled on the 2nd and 3rd floors; it includes conference rooms, private offices, breakrooms, and bathrooms. The main level has been updated and features original exposed concrete columns that remain visible within the…

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?
$56k
Tax billed · 2023
Assessed value$1.40M
Assessed land$460k
Assessed improvement$940k
Effective rate4.01%

Value estimate

· Oct 2026
$755k
$680k – $831k
Submarket $/SF estimate$1.13M

Realmo valuation models over county records and 11 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 comparables11

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?
I2
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 agency39.1
Law Firm31.8
Dental Office28.6

Location

3400 Cheatham Ave Minneapolis, MN 55406
County assessor Recorded deeds · not on file 11 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
3138 Snelling, Minneapolis, MN 55406-1913 $2,950,000 Jan 2026 34,726 SF
3830 Cheatham, Minneapolis, MN 55406-3228 $6,600,000 May 2025 57,824 SF
2650 Minnehaha, Minneapolis, MN 55406-1591 $6,500,000 Oct 2023 54,212 SF
2300 26th, Minneapolis, MN 55406-1236 $5,810,654 Jan 2023 66,268 SF
2843 26th S, Minneapolis, MN 55406-1528 $2,250,000 Apr 2022 30,782 SF
2632 26th S, Minneapolis, MN 55406-1502 $2,700,000 Jul 2019 48,800 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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