1200 E 78th St, Minneapolis, MN 55423 Property Records

Hennepin County property record for 1200 E 78th St, Minneapolis, MN 55423

Property Summary

Property TypeCommercial
Detailsbuilt 1997
Lot Size1.06 acres (46,609 sqft)
OwnerCompany Name on Record
Last Sale$4,350,000 (Jan 2007)
Tax Bill$81,084 (2025)
Deeds & MortgagesMay 2022 Mortgage
Feb 2017 Line of Credit
Flood ZoneZone X (minimal risk)
APN35-028-24-43-0008

Property Details

APN / Parcel Number

Primary APN35-028-24-43-0008

Interior

Units56 Units
FlooringWood

Exterior

Year BuiltBuilt 1997
Effective Year BuiltEffective 2005
Construction TypeConcrete Block
Fire ResistanceFireproof Reinforced Concrete
Lot Area46,609 sqft

Utilities, Heating & Cooling

Cooling SystemWall Unit
Heating FuelElectric

Location & Zoning

Street Address1200 E 78TH ST
CityMINNEAPOLIS
StateMN
Zip55423-4534
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionUNPLATTED 35 028 24 W 230 FT OF SW 1/4 OF SW 1/4 OF SE 1/4 EX ROADS IRREGULAR
Legal Range24
Legal Township028
Legal Section35
Legal Quarter43
Legal SubdivisionUNPLATTED 35 028 24
Legal Block2
JurisdictionHENNEPIN MN
Township / Civil DivisionRICHFIELD
Census Block Group2
Census Block2014
Census Tract24903

Owner

Source: Hennepin County records, as of June 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address1200 E 78TH ST, MINNEAPOLIS, MN 55423-4534
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
May 3, 2022Deed of Trust, Mortgage · SBA Mortgage
UNITED STATES SMALL BUSINESS ADMIN
Feb 24, 2017Deed of Trust, Mortgage · Line of Credit
BREMER BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJan 22, 2007 · Amount on Record
Deed SaleJan 22, 2007 · Amount on Record
Prior SaleAug 17, 2002 · Amount on Record
Deed Document Number2007948552
Record UpdatedOct 29, 2026

May 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address1200 E 78TH ST, RICHFIELD, MN 55423-4534
Transaction TypeMortgage
Record UpdatedOct 25, 2022
Title CompanyFIRST AMERICAN TITLE

Transferred To (Grantee/Buyer)

NameVerified Name
Address1200 E 78TH ST, RICHFIELD, MN 55423-4534

Mortgage

Document Number0A11104238
DateMay 3, 2022
InstrumentA11104238
Lender
NameUNITED STATES SMALL BUSINESS ADMIN
TypeGovernment Agency
AddressBIRMINGHAM, AL 35203
Agreement
TypeSBA Mortgage
AmountAmount Recorded
Term336 Months
DueMay 21, 2050
Interest
Rate3.75%

February 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address1200 E 78TH ST, RICHFIELD, MN 55423-4534
Document Number0010417223
Instrument DateFeb 24, 2017
Transaction TypeMortgage
Record UpdatedMar 13, 2017
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address1200 E 78TH ST RICHFIELD MN 554234534, RICHFIELD, MN 55423-4534

Mortgage

Document Number0010417223
DateMar 3, 2017
Instrument10417223
Lender
NameBREMER BK
TypeBank
Address372 SAINT PETER ST, ST PAUL, MN 55102-1302
Agreement
TypeLine of Credit
AmountAmount Recorded
Term120 Months
DueMar 2, 2027
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

TypeName
StateMinnesota
CountyHennepin County
MunicipalityRichfield City
Unified School DistrictRichfield Public School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$81,084.00 (-7.68%)$2,400,000 (-11.11%) Land $1,636,000 Building $764,000$2,400,000 (-11.11%) Land $1,636,000 Building $764,000
2024$87,828.00 (+2.05%)$2,700,000 (+1.35%) Land $1,636,000 Building $1,064,000$2,700,000 (+1.35%) Land $1,636,000 Building $1,064,000
2023$86,067.00
2022$2,664,000 Land $1,402,000 Building $1,262,000$2,664,000 Land $1,402,000 Building $1,262,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 165 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
CenturyLink
Fiber
2,000 / 1,000
Xfinity
Cable · Fiber in parts of the area
2,000 / 250
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20

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