THE PREMIER APARTMENT BUILDING BROKERAGE Properties  A Leader in Apartment Building Sales Since 1987
Our Team  
Your search results

Featured Listings

Michel Commercial is pleased to present an exclusive listing for the Lilium Apartments ("Lilium" or "Property"), an elegantly remodeled, 31-unit apartment building located in Minneapolis. The Lilium was built in 1915 and was fully renovated in 2015 to preserve and enhance the building's original charm. The Lilium has the modern conveniences of a full stainless steel appliance package in each unit, remodeled bathrooms with walk-in showers, on-site laundry facilities, workout facilities, and bike storage- while keeping with the vintage ambiance of the historic building. The Lilium Apartments is located in the Elliot Park neighborhood of Minneapolis and is adjacent to the Hennepin County Medical Center's Minneapolis campus. The Lilium is only three blocks from the light rail and is walkable to coffee shops, bars, restaurants, and more. With access to top employers in the city and less than half a mile from Interstate Highways 94 and 35W, the Lilium is conveniently located, allowing for easy travel in the city and around the Twin Cities. The Lilium Apartments is a beautifully restored community in a renter-friendly neighborhood that offers the urban amenities of the city and easy access to major employers.
31
Michel Commercial Real Estate is pleased to present an exclusive listing for Oak Hill Estates (“Oak Hill Estates” or the “Property”), a 36-unit, three-building apartment complex located in Sartell, Minnesota. Built in 1977, this property is comprised of: (36) two-bedroom units that vary in size and style. Each unit has a self-cleaning oven, dishwasher, microwave and a refrigerator. There are laundry facilities on-site as well as 33 garages. The Oak Hill Estates are conveniently located, residents enjoy access to downtown St. Cloud, the Mississippi River, Sam’s Club, local universities, golf courses, businesses, parks, schools, highways, shopping, restaurants, and more. The Oak Hill Estates offer spacious, economical living in a quiet residential setting.
36
Michel Commercial is pleased to present this two-property portfolio in Roseville, MN that has a total of 53 units and are 1.5 miles apart. Terrace Park is a 36-unit property (27 of the units (75%) have been remodeled) with large floor plans, private balconies/patios, and heated, underground parking (included in rent). Terrace Park is adjacent to a pond and residents enjoy the walking path and green space. Snelling Curve is a 17-unit property (9 of the units (53%) have been remodeled) at a quiet, street end with covered garages and a lush backyard patio space. Residents of Snelling Curve enjoy the peaceful neighborhood and convenient location. Both properties have on-site laundry facilities, storage lockers (included in rent), and updated common areas. The Terrace Park and Snelling Curve Apartments are ten miles from both Minneapolis and St. Paul. Residents are also minutes away from a robust commercial hub with popular retail stores and near the Rosedale Center mall. Roseville is an urban-suburban community and it is known for its top-rated schools and nearly 700 acres of beautiful park lands. Much of the city is commercially zoned which makes property taxes in Roseville lower than the neighboring communities. The entrances to Minnesota State Highways 36 and 51 and Interstate 35W are less than five minutes away, allowing for easy travel and access to top employers. These well-maintained and well-managed properties have an excellent current and historical occupancy as well as strong in-place income. This portfolio offers an immediate, naturally-occurring rent increase opportunity with rents below the like-kind rent comparables. In addition, 36 of the 53 units (68%) have been remodeled with the remaining original units providing an ideal value-add investment opportunity with rental growth potential through interior upgrades. The Terrace Park and Snelling Curve Apartments are turn-key properties that provide easy access to big-city attractions and amenities, green space, and freeways.
53
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Hillcrest Apartments, a 40-unit apartment community. Built in 1963, Hillcrest offers spacious floor plans, private entrances, wood-burning fireplaces, and modern kitchen appliances.   Hillcrest is located in Columbia Heights, a historic, first-ring suburb of Minneapolis. Columbia Heights is home to popular restaurants, beautiful parks, and golf courses. Many residents enjoy the city’s small-town feel, big-city amenities, and easy access to downtown Minneapolis. Hillcrest is directly across the street from Columbia Heights High School and Highland Elementary School, a safe walking distance for many children. The city’s major commercial hub is less than a mile way, with everything from grocery stores and major brands to the iconic Heights Theater. The Property is less than two miles from the Interstate 694 entrance, which connects to Interstates 94 and 35W. University of Minnesota, University of Northwestern, and Bethel University are all located within 6.5 miles of Hillcrest as well.   The Hillcrest Apartments is a value-add investment opportunity with strong in-place income and upside potential through interior and exterior upgrades. Hillcrest is a reliable property located in a family-friendly market with access to parks, highways, and employment sectors.
40
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Station Street Apartments (“Station Street” or the “Property”), a 108-unit apartment community located in Big Lake, MN. Station Street offers open concept living spaces and a wealth of community amenities, including: a fitness room, an outdoor pool, and a play area for children. The Station Street Apartments are located in Big Lake, an exurb of the Twin Cities. The Big Lake area is known for its beautiful parks, stunning lakes, and economic development opportunities. Big Lake is home to many young families who value a closeknit community as well as easy access to big-city amenities and employment options. Station Street is a three-minute walk from the Big Lake Train Station, where commuters can ride the Northstar Line to downtown Minneapolis in under an hour. The Property is half a mile from US Highway 10 and just ten minutes from Interstate 94. Big Lake is within commuting distance of the Twin Cities making it a desirable location for residents and the Big Lake market boasts higher rents than the state average year after year. In addition, the city has added over a thousand singlefamily and multi-family rental units since 2015 to accommodate growing demand for housing. The Station Street Apartments offer a desirable mix of studio, one, and two-bedroom units and has been a welcomed addition to the Big Lake community proven by the strong lease-up velocity. Station Street is a well-built, turn-key property located in a growing, family-friendly market with competitive rental rates and access to parks, highways, and employment sectors.
108
Under Contract
Michel Commercial is pleased to present this two-property portfolio in Anoka with a total of 25 units. These properties are within minutes of each other and feature a desirable unit mix of primarily two-bedroom units with many capital improvements including: granite countertops (about 8 units), LVP flooring (about 11 units), updated equipment, and updated roofs. The pride of ownership of the long-time owners is evident through the substantial investment of high quality materials that they have put into the properties in order to keep them in good working order. The city of Anoka provides the convenience and easy access to the many employment sectors of the Twin Cities by way of US Highway 10 and US Route 169. This suburb also has a variety of commuting options with two light rail lines and the Northstar commuter line. Residents of Anoka enjoy ample walking and biking paths, lively town centers, and strong community pride. These well-maintained properties have excellent current and historical occupancy as well as solid in-place income. This portfolio offers an immediate, naturally-occurring rent increase opportunity with rents well below the like-kind rent comparables. In addition, these properties are an ideal value-add investment opportunity with substantial rental growth potential through interior upgrades. Residents of these Anoka properties enjoy access to top employers, cultural amenities, green spaces, and more.
25
Under Contract
Michel Commercial Real Estate is pleased to present an exclusive listing for the Point Germain Apartments (“Point Germain” or the “Property”), a 22-unit apartment property located in St. Cloud, Minnesota. Built in 1992, Point Germain offers a desirable unit mix with spacious layouts and detached garages. St. Cloud is the county seat of Stearns County and extends into Benton and Sherburne counties as well. The St. Cloud metropolitan area is growing rapidly and was selected as one of 18 cities across the United States to participate in Communities of Excellence 2026, an initiative designed to help cities strive for better health, higher educational achievement, and stronger economies. Point Germain is centrally located near St. Cloud’s many beautiful parks, the Crossroads Center mall, and other shopping destinations, including Costco and Walmart. St. Cloud is 65 miles from the Twin Cities, with multiple highways connecting the two metropolitan areas.
22
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Tealwood Apartment Homes (“Tealwood” or the “Property”). This sprawling 213- home community was built in 1987 and has a mix of market-rate homes (65% or 138-units) and affordable homes (35% or 75-units). Tealwood features open floor plans, full-size in unit washers and dryers, heated underground parking, in unit fireplaces, as well as balconies and patios. This Property is beautifully landscaped and boasts luxurious, community amenities. Tealwood is located in West Bloomington and the Property is surrounded by a blend of residential neighborhoods, parks and golf courses, as well as commercial hubs, including grocery stores and coffee shops. Bloomington is the fourth largest city in Minnesota and home to the Mall of America. Many large companies have chosen Bloomington for their headquarters and major operations, leading to Bloomington’s extremely high number of jobs per capita. Tealwood is served by Bloomington Jefferson High School, which has been named a National Blue Ribbon School of Excellence by the U.S. Department of Education. Interstate 494 is just 2.5 miles away, offering easy access to downtown Minneapolis and St. Paul, as well as the Minneapolis-St. Paul International Airport. The Tealwood Apartment Homes is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the market-rate homes. The Property is 99.1% occupied and over $1.6MM in capital improvements have been made in the last 8 years. Residents enjoy the Property’s stunning community amenities, including: a 24-hour fitness center, an outdoor pool, an outdoor great room, a dog park, 24/7 package kiosk, walking trails, and sport courts for: basketball, and tennis. The Tealwood Apartment Homes is an impressive community located in a robust market with easy access to top employers, shopping, and freeways.
213
Under Contract
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Garden Square Apartments, a 120-unit apartment complex located in St. Cloud, Minnesota. The Garden Square Apartments were built in 1986 with a 3 story design, a desirable unit mix, and 123 detached garages. This property is amenity rich and well-maintained with an excellent occupancy history. In addition, there have been many capital improvements in the last 5 years (including a new roof).
120
Under Contract
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Morningstar Apartments (the “Property” or “Morningstar”), a 46-unit apartment community located in St. Paul, MN. Built in 1964, this three building complex has a desirable unit mix of mostly one- and two-bedroom units, as well as on-site laundry facilities, and surface parking. The Morningstar Apartments are located in the North End neighborhood of the city of St. Paul. St. Paul is a major regional business hub and the third largest metropolitan area in the Midwest. Morningstar is conveniently located next to a bus stop and is just minutes from a small commercial hub and less than a mile from Interstate 35E. The Morningstar Apartments offers convenient access to green spaces, employment sectors, and freeways in a robust metropolitan area.
43,905.00 ft2
46
Under Contract
The Anoka/Champlin portfolio is comprised of ten properties with a total of 115 units. This portfolio features a desirable unit mix of primarily two-bedroom units with many capital improvements including: granite countertops (about 92 units), LVP flooring (about 29 units), updated equipment, updated roofs, updated windows, and newly poured concrete parking lots. The pride of ownership of the long-time owners is evident through the substantial investment of high quality materials that they have put into the properties in order to keep them is good working order. This portfolio is located in the neighboring, northern suburbs of Anoka and Champlin. These growing suburbs provide the convenience and easy access to the many employement sectors of the Twin Cities by way of US Highway 10 and US Route 169. These suburbs also have a variety of commuting options with two light rail lines and the Northstar commuter line. Residents of Anoka and Champlin enjoy ample walking and biking paths, lively town centers, and strong community pride. These well-maintained properties have excellent current and historical occupancy as well as solid in-place income. This portfolio offers an immediate, naturally-occuring rent increase opportunity with rents well below the like-kind rent comparables. In addition, these properties are an ideal value-add investment opportunity with substantial rental growth potential through interior upgrades. (The Anoka and Champlin suburbs have had similar-type properties, to this portfolio, successfully execute value-add strategies. These remodeled properties and units have been well-recieved in the market, proven by their strong rents and strong occupancy.) This Anoka/Champlin portfolio offers a unique opportunity to capture a large number of suburban apartment units within a few miles of each other in two growing cities that offer access to top employers, cultural amenities, green spaces, and more.
115

Sold Properties

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of The Cliffs of Minnetonka (the “The Cliffs”), a sprawling 456-unit apartment community. This rare offering is for sale for the first time. Built in 1985, this community features spacious units, open concept living, in-unit washers and dryers (322 units), heated underground parking, and resort-style amenities. The Cliffs is located in the city of Minnetonka, one of the most desirable suburbs in the Twin Cities, and situated in the top-rated Wayzata School District. The Cliffs is bordered by residential communities to the north and a robust commercial area directly to the south. Ridgedale Center Mall, one of the busiest malls in the Twin Cities, is just a five-minute drive away and features 108 stores (1.1 million square feet of retail space). Downtown Minneapolis is less than ten miles away via direct route on Interstate 394, which is less than a block from The Cliffs’ entrance. The Cliffs of Minnetonka is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the apartment units. The property is 96% occupied and over $1.5MM in capital improvements have been made to the common areas within the last year. Offered free and clear of existing debt, this property is a high yield investment opportunity when coupled with today’s attractive financing options. The Cliffs of Minnetonka is a rare jewel of a property that was built to be a showstopper and is located in a high barrier of entry market with easy access to top employment sectors, shopping, and freeways.
456
$ 73,500,000
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the SpringBrook Apartments, an expansive 361- unit apartment complex featuring 242 detached garage stalls and resort-style common areas. This rare offering is for sale for the first time. Built in 1987, the Property is a value-add investment opportunity and is well positioned for strong rental growth through interior upgrades. A portion of the units have been renovated and serve as a model for the rental growth potential.
361

 

Michel Commercial Real Estate was founded by Steve Michel in 1987 and is focused on selling multifamily housing. The firm has sold over $2,400,000,000 in apartment sales and is known for extensive regional & national marketing, strong relationships, and negotiation expertise. Recognized as a top dealmaker in the Midwest, Michel Commercial Real Estate represents both private and institutional investors and regularly receives the ‘Power Broker Award’ for being among the highest overall in apartment transaction volume in the Twin Cities multifamily market.

The Executive Team

Over 100 Years of Combined Experience

Stacie Mugazia

Executive Assistant
Stacie joined Michel Commercial Real Estate in 2022 after 15 years as a paralegal. She is ...

Steve Michel

President
Steve founded Michel Commercial Real Estate in 1987. He was licensed to sell real estate ...

Peter Michel

Vice President
Peter joined Michel Commercial Real Estate in 1991 and focuses solely on selling multifami ...

Phil Reesnes

Vice President
Phil joined Michel Commercial Real Estate in 2002. Specializing in multifamily housing, Ph ...

Heidi Addo

Vice President
Heidi joined Michel Commercial Real Estate in 2019 after many years of teaching elementary ...

Contact Us

Compare Listings