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

Featured Listings

Under Contract
Michel Commercial is pleased to present the Barcelona Apartments, a 71-unit apartment complex situated in Crystal, Minnesota. Built in 1972 and nestled amidst a picturesque tree-line and well-established neighborhood, the Barcelona Apartments has a desirable unit mix (made up of mostly one- and two- bedroom units) with spacious floor plans and delightful screened-in porches. There are laundry facilities conveniently located on each floor along with ample surface parking and covered parking options (69 garage stalls). Convenience is a hallmark of the Barcelona Apartments’ location. Situated less than two miles from Cub Foods and a mere 2.5 miles from Hy-Vee Grocery, residents can easily access their daily necessities. Additionally, Bassett Creek Park is only a short five-minute drive away, offering a tranquil retreat. The proximity of both Medicine Lake and Theodore Wirth National Park, both within a ten-minute drive, provides ample opportunities for outdoor activities and exploration. For those who require access to major transportation routes, Barcelona Apartments offers easy proximity to U.S. Route 169 and Minnesota State Highway 100. Moreover, the property is conveniently located ten miles from downtown Minneapolis, ensuring a swift commute. The Barcelona Apartments is a value-add investment opportunity and is well-positioned for rental upside through interior upgrades. Many of the neighboring properties have been renovated and are achieving rental premiums of $200 to $300 per unit per month from those upgrades. With its convenient location, scenic setting, and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the Barcelona Apartments “home.”
71
Michel Commercial is pleased to present the Westview Village Patio Homes, a well-maintained, senior (55+) apartment complex located in Willmar, Minnesota. Built in 1980, Westview offers 58 apartment homes that promote comfort and accessibility. The property boasts a desirable unit mix of one- and two-bedroom units and all of the units are conveniently located on the ground level, and have their own private patio. There are laundry facilities on-site (free to residents), 43 garages (w/ electric garage door openers), 40 garages, and the residents of Westview Village appreciate the opportunity to engage with each other in the various communal spaces including: the library, the sitting area, and the community room. In addition, there is a guest room available to rent and regularly scheduled, resident-led activities that foster a sense of camaraderie and community. The residents of Westview Village enjoy its excellent connectivity. Highways 12, 40, and 71 are easily accessible, facilitating effortless travel and exploration of the surrounding areas. Situated about a mile away from a bustling commercial hub, residents have convenient access to popular retail such as Target, Walmart, and Home Depot. For those seeking cultural enrichment and entertainment, the Mikkelson Collection Museum and Willmar City Auditorium are just a few minutes away. Nature enthusiasts will appreciate the proximity of several parks, including Westwind Area, Richland Area, Ramblewood, and Robbins Island Regional Park, all located within a five-mile radius. The Westview Village Patio Homes is a turn-key investment opportunity. The property’s strong occupancy rates and long-term resident base creates a solid foundation for natural rental increases, ensuring a steady and reliable income stream. Its convenient location, solid in-place income, and potential for rental growth makes it an appealing investment vehicle. Residents of Westview Village enjoy its serene and fulfilling living environment and are proud to call it ‘home’.
58
Under Contract
Michel Commercial Real Estate is pleased to present an exclusive listing for The Nexus at Gray’s Landing — an award winning, best-inclass, 142-home, mixed-use, luxury apartment complex with modern finishes and upscale, resort-style amenities. Situated in Des Moines, Iowa and developed by the highly esteemed Sherman Associates in 2018, the addition of the Nexus at Gray’s Landing to the Des Moines landscape has been well-received and is an asset to the community. This gorgeous property has retail and office space on the lower level with a desirable unit mix of apartment homes. Each of the pet-friendly homes features high-end finishes, including granite kitchen islands, stainless steel appliances, high-efficiency in-home washers and dryers, luxury plank flooring, spacious walk-in closets, tile backsplashes, and balconies or patios (in select units). The complex is rich with desirable amenities including, a community garden, a picnic area with a grill, a 24-hour fitness center, an outdoor pool, underground parking, and more. The Nexus is located in a growing pocket of Des Moines and offers convenient access to the shopping, dining, and attractions of downtown Des Moines. Outdoor enthusiasts are less than five minutes from Gray’s Lake Park, Principal Park, and the shores of the Des Moines and Raccoon Rivers. For those with a commute, the Nexus offers easy access to Interstate 235 and Highway 69. <strong>The Nexus at Gray’s Landing has strong occupancy, 4+ years of tax abatement, and an assumable HUD loan (2.94% fixed rate, matures 3/1/2058).</strong> Offering modern, luxury living, in a convenient location, close to the amenities of the city and coupled with easy access to green space and major highways, the Nexus at Gray’s Landing is a standout property where residents are proud to call “home.”
142

Sold Properties

Michel Commercial is pleased to present the Westview Village Patio Homes, a well-maintained, senior (55+) apartment complex located in Willmar, Minnesota. Built in 1980, Westview offers 58 apartment homes that promote comfort and accessibility. The property boasts a desirable unit mix of one- and two-bedroom units and all of the units are conveniently located on the ground level, and have their own private patio. There are laundry facilities on-site (free to residents), 43 garages (w/ electric garage door openers), 40 garages, and the residents of Westview Village appreciate the opportunity to engage with each other in the various communal spaces including: the library, the sitting area, and the community room. In addition, there is a guest room available to rent and regularly scheduled, resident-led activities that foster a sense of camaraderie and community. The residents of Westview Village enjoy its excellent connectivity. Highways 12, 40, and 71 are easily accessible, facilitating effortless travel and exploration of the surrounding areas. Situated about a mile away from a bustling commercial hub, residents have convenient access to popular retail such as Target, Walmart, and Home Depot. For those seeking cultural enrichment and entertainment, the Mikkelson Collection Museum and Willmar City Auditorium are just a few minutes away. Nature enthusiasts will appreciate the proximity of several parks, including Westwind Area, Richland Area, Ramblewood, and Robbins Island Regional Park, all located within a five-mile radius. The Westview Village Patio Homes is a turn-key investment opportunity. The property’s strong occupancy rates and long-term resident base creates a solid foundation for natural rental increases, ensuring a steady and reliable income stream. Its convenient location, solid in-place income, and potential for rental growth makes it an appealing investment vehicle. Residents of Westview Village enjoy its serene and fulfilling living environment and are proud to call it ‘home’.
58
$ 126,000,000
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 is a trusted multifamily brokerage, known for its integrity and track record of successful results. Established by Steve Michel in 1987, Michel Commercial has a strong reputation for extensive marketing and strong industry relationships. The Michel Commercial team are market experts who stay up-to-date with prevailing market conditions and trends. The firm has sold over $2.4 billion worth of apartment properties 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