2601 E Franklin Ave, Minneapolis, MN 55406 Property Records

Hennepin County property record for 2601 E Franklin Ave, Minneapolis, MN 55406

Property Summary

Property Type	Commercial
Details	20,329 sqft · built 1920
Lot Size	0.21 acres (9,148 sqft)
Owner	Company Name on Record
Last Sale	$3,400,500 (Jan 2025)
Tax Bill	$67,323 (2025)
Deeds & Mortgages	Oct 2023 Mortgage Jan 2025 Sale & Construction Loan + 1 more
Flood Zone	Zone X (minimal risk)
APN	`36-029-24-12-0029`

Property Details

APN / Parcel Number

Primary APN	`36-029-24-12-0029`

Interior

Stories	2 Stories
Building Area	20,329 sqft Gross Area
1st Floor Area	6,943 sqft
Basement Area	6,443 sqft

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Exterior Material	Stucco
Construction Type	Concrete
Roof Type	Flat
Roof Material	Tar & Gravel
Lot Area	9,148 sqft (0.21 acres)
Lot Dimensions	122 ft deep x 74 ft wide

Utilities, Heating & Cooling

Heating System	Steam

Location & Zoning

Street Address	2601 E FRANKLIN AVE
City	MINNEAPOLIS
State	MN
Zip	55406-1147
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	C2
Legal Description	LOT 012 BLOCK 004 A FAIR GROUND ADDN TO MPLS LOTS 11 12 AND 13 73.95 X 122.15
Legal Range	24
Legal Township	029
Legal Section	36
Legal Quarter	12
Legal Subdivision	FAIR GROUND ADDN TO MPLS
Legal Block	4
Legal Lot Number	12
Jurisdiction	HENNEPIN MN
Township / Civil Division	MINNEAPOLIS
Census Block Group	2
Census Block	2000
Census Tract	106200

Owner

Source: Hennepin County records, as of August 18, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Oct 23, 2023	Deed of Trust, Mortgage · Commercial Mortgage SHARED CAPITAL COOPERATIVE
Jan 16, 2025	Limited Warranty Deed, Construction Loan · Construction Mortgage SUNRISE BANK
Nov 23, 2022	Warranty Deed, Transfer · Commercial Mortgage SHARED CAPITAL COOPERATIVE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 16, 2025 · Amount on Record
Deed Sale	Jan 16, 2025 · Amount on Record
Prior Sale	Nov 9, 2022 · Amount on Record
Deed Document Number	202511342863
Record Updated	Sep 20, 2026

October 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147
Transaction Type	Mortgage
Record Updated	May 12, 2026
Title Company	TITLE SMART INC, TITLESMART INC

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0A11239995
Date	Oct 23, 2023
Instrument	A11239995

Lender

Name	SHARED CAPITAL COOPERATIVE
Type	Non-Lending Institution
Address	SAINT PAUL, MN 55114

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	119 Months
Due	Sep 25, 2033

January 2025: Limited Warranty Deed, Construction Loan

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Jan 16, 2025
Property Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147
Document Number	0A11342863
Instrument Date	Jan 8, 2025
Instrument	A11342863
Transaction Type	Construction Loan
Record Updated	May 12, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$11,221.65
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147

Mortgage

Document Number	0A11342864
Date	Jan 16, 2025
Instrument	A11342864

Lender

Name	SUNRISE BANK
Type	Bank

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	12 Months
Due	Jan 8, 2026

November 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Nov 23, 2022
Property Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147
Document Number	0A11164806
Instrument Date	Nov 9, 2022
Instrument	A11164806
Transaction Type	Transfer
Record Updated	May 12, 2026

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$4,467.38
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2601 E FRANKLIN AVE, MINNEAPOLIS, MN 55406-1147

Mortgage

Document Number	0A11164809
Date	Nov 23, 2022
Instrument	A11164809

Lender

Name	SHARED CAPITAL COOPERATIVE
Type	Non-Lending Institution

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	5 Months
Due	Apr 25, 2023

Tax Assessment & Valuation

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

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$67,323.00 (+73.25%)	$1,998,000 (+61.26%) Land $135,500 Building $1,862,500	$1,998,000 (+61.26%) Land $135,500 Building $1,862,500
2023	$38,858.00
2022		$1,239,000 Land $135,500 Building $1,103,500	$1,239,000 Land $135,500 Building $1,103,500

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

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.

Wildfire

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.

Drinking Water

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

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 532 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 / 2,000
Verizon Fixed Wireless	1,000 / 75
PCs for People Fixed Wireless	100 / 100
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Fidium Fiber.

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