2362 Commerce Blvd, Mound, MN 55364 Property Records

Hennepin County property record for 2362 Commerce Blvd, Mound, MN 55364

Property Summary

Property Type	Apartments (5+ Units)
Details	built 1983
Lot Size	0.8 acres (34,848 sqft)
Owner	Individual Name on Record
Last Sale	$1,025,000 (Dec 2010)
Tax Bill	$165 (2025)
Deeds & Mortgages	Oct 2023 Mortgage Dec 2021 Mortgage
Flood Zone	Zone AE (high risk)
APN	`13-117-24-33-0020`

Property Details

APN / Parcel Number

Primary APN	`13-117-24-33-0020`

Exterior

Year Built	Built 1983
Effective Year Built	Effective 1983
Construction Type	Wood
Lot Area	34,848 sqft (0.8 acres)

Location & Zoning

Street Address	2362 COMMERCE BLVD
City	MOUND
State	MN
Zip	55364
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	LOT 010 B AUDITORS SUBD. NO. 170 THAT PART OF LOT 10 LYING E OF THE W 100 FT AND S OF THE N 38 FT THEREOF ALSO THAT PART OF LOT 11 LYING E OF THE W 100 FT THEREOF IRREGULAR
Legal Range	24
Legal Township	117
Legal Section	13
Legal Quarter	33
Legal Subdivision	AUDITORS SUBD. NO. 170
Legal Block	4
Legal Lot Number	10
Jurisdiction	HENNEPIN MN
Township / Civil Division	MOUND
Census Block Group	4
Census Block	4005
Census Tract	27602

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 Record	Individual Name on Record
Mailing Address	2425 GRAYS LANDING RD, WAYZATA, MN 55391-2300
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Oct 16, 2023	Deed of Trust, Mortgage · Commercial Mortgage ALERUS FINANCIAL NA
Dec 29, 2021	Deed of Trust, Mortgage · Commercial Mortgage TRUSTONE FINANCIAL CU

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 6, 2010 · Amount on Record
Deed Sale	Dec 6, 2010 · Amount on Record
Deed Document Number	201026956
Record Updated	Sep 20, 2026

October 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	2362 COMMERCE BLVD, MOUND, MN 55364
Transaction Type	Mortgage
Record Updated	Oct 25, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0A11238234
Date	Oct 16, 2023
Instrument	A11238234

Lender

Name	ALERUS FINANCIAL NA
Type	Bank
Address	GRAND FORKS, ND 58201

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Oct 20, 2028

December 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	2362 COMMERCE BLVD, MOUND, MN 55364
Transaction Type	Mortgage
Record Updated	Aug 15, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0A11060508
Date	Dec 29, 2021
Instrument	A11060508

Lender

Name	TRUSTONE FINANCIAL CU
Type	Credit Union
Address	MINNEAPOLIS, MN 55447

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Mound City
Unified School District	Westonka Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$165.00 (+14.58%)	$12,000 (-) Land $11,000 Building $1,000	$12,000 (-) Land $11,000 Building $1,000
2023	$144.00
2022		$12,000 Land $11,000 Building $1,000	$12,000 Land $11,000 Building $1,000

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	931.1 ft
Flood Insurance Requirement	Required federally backed loans
Nearby Flood Policies	1 in force
Nearby Flood Claims	1 (1980)
Most Recent Claim	Aug 1980 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Low lower than 63% of the US · above 65% of Minnesota
Wildfire Likelihood	0.02% annual chance
Exposure	Direct burnable vegetation

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

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Mound serves 9,447 people · EPA ID MN1270038
Water Source	Groundwater
Last State Inspection	Mar 2025
Lead	Under 1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 136 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Frontier Fiber	7,000 / 7,000
Mediacom Xtream Cable	1,000 / 50
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Verizon.

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