Hennepin County property record for 2540 2nd St NE, Minneapolis, MN 55418
| Property Type | General Industrial |
|---|---|
| Details | 57,608 sqft · built 1991 |
| Lot Size | 2.43 acres (105,851 sqft) |
| Owner | Company Name on File |
| Last Sale | $4,200,000 (Oct 2018) |
| Tax Bill | $171,199 (2025) |
| Deeds & Mortgages | Sep 2019 Mortgage Oct 2019 Loan Modification + 2 more |
| Flood Zone | Zone X (minimal risk) |
| APN | 11-029-24-23-0130 |
| Primary APN | 11-029-24-23-0130 |
|---|
| Stories | 1 Story |
|---|---|
| Building Area | 57,608 sqft Gross Area |
| 1st Floor Area | 57,608 sqft |
| Year Built | Built 1991 |
|---|---|
| Effective Year Built | Effective 1991 |
| Exterior Material | Glass |
| Construction Type | Concrete |
| Roof Type | Flat |
| Roof Material | Tar & Gravel |
| Lot Area | 105,851 sqft |
| Lot Dimensions | 322 ft deep x 315 ft wide |
| Cooling System | HVAC |
|---|---|
| Heating System | Forced Air with A/C |
| Street Address | 2540 2ND ST NE |
|---|---|
| City | MINNEAPOLIS |
| State | MN |
| Zip | 55418-3412 |
| Property Category | Industrial |
| Property Type | Industrial > General Industrial |
| Local Zoning Code | I2 |
| Legal Description | LOT 001 BLOCK 013 A B S WRIGHTS ADDN TO MPLS LOTS 1 THRU 7 INCL AND LOTS 21 THRU 26 INCL ALSO THAT PART OF LOT 20 LYING N OF S 30 FT THOF INCL ADJ 1/2 OF STREET AND ALLEY VAC AND EXCEPT T 315.44 X 322 |
| Legal Range | 24 |
| Legal Township | 029 |
| Legal Section | 11 |
| Legal Quarter | 23 |
| Legal Subdivision | B S WRIGHTS ADDN TO MPLS |
| Legal Block | 13 |
| Legal Lot Number | 1 |
| Jurisdiction | HENNEPIN MN |
| Township / Civil Division | MINNEAPOLIS |
| Census Block Group | 2 |
| Census Block | 2027 |
| Census Tract | 100500 |
2540 2nd St NE, an industrial property, is owned by a company that bought it in October 2018.
Source: Hennepin County records, as of June 23, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 2540 2ND ST NE, MINNEAPOLIS, MN 55418-3412 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Date | Document |
|---|---|
| Sep 26, 2019 | Deed of Trust, Mortgage HOMETOWN BK |
| Oct 8, 2019 | Loan Modification, Mortgage HOMETOWN BK |
| Oct 8, 2019 | Loan Modification, Mortgage HOMETOWN BK |
| Oct 19, 2018 | Grant Deed, Construction Loan HOMETOWN BK |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Oct 19, 2018 · Amount on File |
| Deed Sale | Oct 19, 2018 · Amount on File |
| Prior Sale | Sep 6, 2013 · Amount on File |
| Deed Document Number | 201810603701 |
| Prior Transfer Date | Aug 27, 2013 |
| Prior Transfer Doc | 0010002510 |
| Record Updated | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Property Address | 2540 2ND ST NE, MINNEAPOLIS, MN 55418-3412 |
| Document Number | 0010743923 |
| Instrument Date | Sep 26, 2019 |
| Transaction Type | Mortgage |
| Record Updated | Jan 28, 2020 |
| Title Company | NOT AVAILABLE |
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 2540 2ND ST NE MINNEAPOLIS MN 554183412, MINNEAPOLIS, MN 55418-3412 |
| Document Number | 0010743923 |
|---|---|
| Date | Jan 8, 2020 |
| Instrument | 10743923 |
| Name | HOMETOWN BK |
|---|---|
| Type | Bank |
| Address | 641 MARKETPLACE DR, WACONIA, MN 55387-1556 |
| Amount | Amount on Record |
|---|
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Recording Date | Oct 8, 2019 |
| Property Address | 2540 2ND ST NE, MINNEAPOLIS, MN 55418-3412 |
| Instrument Date | Jan 17, 2019 |
| Instrument | 10710377 |
| Transaction Type | Mortgage |
| Record Updated | Oct 24, 2019 |
| Title Company | FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 2601 125TH DR NE BLAINE MN 55449, BLAINE, MN 55449 |
| Document Number | 0010710377 |
|---|---|
| Date | Oct 8, 2019 |
| Instrument | 10710377 |
| Name | HOMETOWN BK |
|---|---|
| Type | Bank |
| Amount | Amount on Record |
|---|
| Document Type | Loan Modification |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Recording Date | Oct 8, 2019 |
| Property Address | 2540 2ND ST NE, MINNEAPOLIS, MN 55418-3412 |
| Instrument Date | Jan 17, 2019 |
| Instrument | 10710376 |
| Transaction Type | Mortgage |
| Record Updated | Oct 24, 2019 |
| Title Company | FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE |
| Tax | $0.00 |
|---|---|
| Additional |
|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 2601 125TH DR NE BLAINE MN 55449, BLAINE, MN 55449 |
| Document Number | 0010710376 |
|---|---|
| Date | Oct 8, 2019 |
| Instrument | 10710376 |
| Name | HOMETOWN BK |
|---|---|
| Type | Bank |
| Amount | Amount on Record |
|---|
| Document Type | Grant Deed |
|---|---|
| Jurisdiction | HENNEPIN MN |
| Recording Date | Oct 19, 2018 |
| Property Address | 2540 2ND ST NE, MINNEAPOLIS, MN 55418-3412 |
| Document Number | 0010603701 |
| Instrument Date | Jun 21, 2018 |
| Instrument | 10603701 |
| Transaction Type | Construction Loan |
| Record Updated | Oct 24, 2019 |
| Title Company | FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE |
| Amount | Amount on Record |
|---|---|
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $14,280.00 |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Company |
| Address | 2540 24TH ST NE MINNEAPOLIS MN 55418, MINNEAPOLIS, MN 55418 |
| Document Number | 10603702 |
|---|---|
| Date | Oct 19, 2018 |
| Instrument | 10603702 |
| Name | HOMETOWN BK |
|---|---|
| Type | Bank |
| Address | 641 MARKETPLACE DR, WACONIA, MN 55387-1556 |
| Amount | Amount on Record |
|---|---|
| Term | 120 Months |
| Due | Oct 18, 2028 |
| Document Number | 10603703, |
|---|---|
| Date | Oct 19, 2018 |
| Instrument | 10603703 |
| Name | HOMETOWN BK |
|---|---|
| Type | Bank |
| Address | 641 MARKETPLACE DR, WACONIA, MN 55387-1556 |
| Type | Line of Credit |
|---|---|
| Amount | Amount on Record |
| Term | 24 Months |
| Due | Oct 18, 2020 |
| Rate Type | Adjustable Rate |
|---|
The 2025 property tax bill for 2540 2nd St NE was $171,199.
Source: Hennepin County assessment roll, as of June 23, 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | Hennepin County |
| Municipality | Minneapolis City |
| Unified School District | Minneapolis Public School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $171,199.00 | $4,997,000 Land $850,400 Building $4,146,600 | $4,997,000 Land $850,400 Building $4,146,600 |
| 2023 | $135,956.00 | ||
| 2022 | $4,226,000 Land $637,800 Building $3,588,200 | $4,226,000 Land $637,800 Building $3,588,200 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 2540 2nd St NE in Zone X, an area of minimal flood risk.
Source: FEMA National Flood Hazard Layer, effective December 25, 2025
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
Values are read at the parcel center point; lenders make the official flood determination.
The area around 2540 2nd St NE has no burnable land within ember reach, so its wildfire risk is not rated.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Not rated no burnable land within ember reach |
|---|
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | Minneapolis serves 425,300 people · EPA ID MN1270024 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Sep 2024 |
| Lead | 2 ppb (2022–2024) action level 15 ppb |
| 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.
Source: FCC Broadband Data Collection, based on 617 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| CenturyLink Fiber · DSL in parts of the area | 8,000 / 8,000 |
| Xfinity Cable · Fiber in parts of the area | 2,000 / 250 |
| Verizon Fixed Wireless | 1,000 / 75 |
| AT&T Fixed Wireless | 100 / 20 |
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