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Michel Commercial is pleased to present Panther Heights, an 86-home apartment community in Glencoe, MN—a growing city just over an hour west of the Twin Cities. Built in 2019 by the highly regarded Alliance Building Corporation, the property features high-quality construction, modern design, spacious units with in-unit laundry, and strong connectivity to larger cities. Panther Heights Apartments in Glencoe, MN, offers modern, luxury living across one-, two-, and threebedroom floor plans. The community features contemporary amenities including in-unit washer/dryers, stainless steel appliances, a fitness center, community room, and a coffee bar. The building also offers off-street parking, elevator access, and controlled entry for added convenience and security. Panther Heights provides a comfortable and convenient living experience in Glencoe. Panther Heights presents a turnkey investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Cardinal Pines a 68-home located in Staples, MN, a small, quiet community. Delivered in 2019 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Cardinal Pines in Staples, MN, offers modern, luxury living across one-, two-, and three-bedroom floor plans. The community features contemporary amenities including in-unit washer/dryer and private patios/balconies. Residents also enjoy a fitness center, garages, and community room. Cardinal Pines provides a comfortable and convenient living experience in Staples. Cardinal Pines presents a turnkey investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Mainstreeter a 57-home property in the historic town of Sauk Centre, MN. Delivered in 2018 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Mainstreeter homes offering a blend of comfort, convenience, and scenic charm. Built in 2018 with a Phase II expansion in 2021, the property features a mix of studio, one-, two-, and three-bedroom floor plans designed with open layouts, in-unit washers and dryers, air conditioning, and private patios or balconies. Residents enjoy a host of on-site amenities, including a fitness center, community room, playground, elevator, and controlled-access entry, as well as optional garage parking. This is a lifestyle-drive offering designed to attract and retain quality residents. Mainstreeter presents a turnkey investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Avon Estates a 42-home located in Avon, MN, a growing community northwest of the Twin Cities. Delivered in 2018 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Avon Estates offers modern, luxury living across studio-, one-, two-, and three-bedroom floor plans. The community features contemporary amenities including in-unit washer/dryer and private patios/balconies. Residents also enjoy a fitness center, garages, and community room. Avon Estates provides a comfortable and convenient living experience in Avon. Avon Estates presents a turnkey investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Sleepy Eye Apartments a 44-home, luxury apartment community in the lakeside town of Sleepy Eye, MN. Delivered in 2023 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Sleepy Eye homes offer a blend of comfort, convenience, and scenic charm. Built in 2023, the property features a mix of one-, two-, and three-bedroom floor plans designed with open layouts, in-unit washers and dryers, air conditioning, and private patios or balconies. Residents enjoy a host of on-site amenities, including a fitness center, community room, BBQ/ picnic area, elevator, and controlled-access entry, as well as optional garage parking. This is a lifestyle-drive offering designed to attract and retain quality residents. Sleepy Eye presents a turn-key investment opportunity with a proven track record of high occupancy rates and solid in-place income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Wolverine Meadows a 38-home, luxury apartment community in the historic town of Gaylord, MN. Delivered in 2018 and constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity to larger cities. Wolverine Meadow homes offers a welcoming one, two, and threebedroom community featuring modern in-unit washer/dryer, air conditioning,and large closets. Residents enjoy controlled-gated access, an elevator, fitness center, community room with lounge/coffee bar, BBQ/picnic area, garage rentals, and off-street parking. Wolverine Meadows combines modern comforts in a quiet small-town setting. Wolverine Meadows presents a turn-key investment opportunity with a proven track record of high occupancy rates and solid inplace income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present Thunder Hawk a 38-home community located in Montevideo, MN. Delivered in 2021 an constructed by Alliance Building Corporation, this property showcases high-quality construction, modern design, and connectivity. Thunder Hawk offers a welcoming one-, two-, and three-bedroom community featuring modern inunit washer/dryer, air conditioning, large closets, and balconies/patios. Residents enjoy controlled-gated access, an elevator, fitness center, community room, BBQ/picnic area, garage rentals, and off-street parking. Thunder Hawk combines modern comforts in a quiet small-town setting. Thunder Hawk presents a turn-key investment opportunity with a proven track record of high occupancy rates and solid in-place income. Featuring desirable amenities and a convenient location with easy access to employment and recreational opportunities, this property offers investors a unique chance to capitalize on its strong historical performance and ongoing NOI growth.
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Michel Commercial is pleased to present The Alexson— a 49-unit apartment property located in the heart of Alexandria, MN. Set within a quiet residential neighborhood yet just one block from downtown, The Alexson offers a stable, income-producing asset with clear upside through strategic renovations and operational enhancements. The Alexson features spacious studios, one- and two-bedroom floor plans with functional layouts, generous natural light, and ample storage. On-site amenities include surface parking, laundry facilities, and professional management. Its central location and neighborhood setting make it a sought-after option for long-term renters seeking both comfort and convenience. With strong historical occupancy and mostly original interiors, The Alexson presents an ideal opportunity for a value-add strategy. Renovated units in the Alexandria market command meaningful rent premiums, offering investors a clear path to increased revenue while maintaining long-term stability.
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Michel Commercial is pleased to present Ulysses Manor—an 11-home apartment community in the heart of Northeast Minneapolis. Located near many city amenities and major transit, the property offers strong renter appeal. With value-add potential and a prime urban location, Ulysses Manor presents a compelling opportunity to acquire a well-maintained asset in a high-demand submarket. Built in 1959, the property consists entirely of well-maintained two-bedroom units featuring charming hardwood floors and eat-in kitchens. On-site amenities include laundry facilities, storage units, and surface parking. Ulysses Manor is an ideal value-add investment opportunity with substantial rental growth potential through interior upgrades. Thanks to consistent maintenance and excellent location in a lively area, Ulysses Manor is a wonderful place to call home.
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Michel Commercial is pleased to present River Glen Apartments— a 128-home, garden-style apartment community located in Brooklyn Center, MN, a strong first-ring suburb just minutes from downtown Minneapolis. This community sits on a quiet residential street close to retail, dining, and employment corridors. With significant value-add potential through unit renovations and operational upside, River Glen presents investors with a compelling opportunity to acquire a stabilized asset with both cash flow and long-term growth in a proven workforce housing submarket. River Glen Apartments is a wellmaintained, community offering spacious units in a quiet residential pocket of Brooklyn Center, MN. The property combines classic suburban charm with practical features that appeal to today’s workforce renters. Each apartment includes generous floor plans and large closets. With many units in original condition, River Glen presents a prime value-add opportunity through targeted interior upgrades. The community’s solid bones and functional layouts create an ideal foundation for repositioning.
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Michel Commercial is pleased to present The Bessemer at Seward Commons — a 128-home, luxury market-rate apartment community in the heart of the Seward neighborhood in Minneapolis, MN. Delivered in December 2021 by award-winning developer Schafer Richardson, this five-story property showcases high-quality construction, modern design, and unmatched connectivity in one of the city’s most thoughtfully planned redevelopments. As the first market-rate* development in the neighborhood in over 40 years—and one of Minneapolis’ earliest Opportunity Zone projects— The Bessemer anchors the Seward Commons master plan with lasting significance. Each home features an open layout with luxury plank flooring, stainless steel appliances, in-unit laundry, and expansive closets. Select units offer private balconies or patios, and heated underground parking is available. Residents enjoy a refined amenity package that includes a fully equipped fitness center, a fireside lounge and welcoming lobby, an outdoor terrace with fire pit and grilling stations, a club room, and a dedicated dog park. This is a lifestyle-driven offering designed to attract and retain quality residents. Offered at well below replacement cost, The Bessemer is a rare opportunity to acquire a luxury Class A asset with meaningful upside. With no new market-rate developments underway in Minneapolis and vacancy down 250 basis points in the submarket over the past 20 months, the property is well-positioned for continued absorption and rent growth. Anchored by durable income, high-quality construction, and a prime transit-oriented location, The Bessemer offers long-term value and compelling performance potential in an increasingly supply-constrained market.
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Michel Commercial and Property Resources Group is pleased to present the Dakota Apartments, a premier 558-unit multifamily investment opportunity across 16 apartment buildings and 1 clubhouse in Williston, ND. This expansive portfolio has maintained strong occupancy and offers investors a significant value-add opportunity through interior and exterior improvements. Featuring a range of spacious layouts, on-site amenities, and ample parking, Dakota Apartments is well-positioned to deliver enhanced living experiences with targeted upgrades. For investors seeking a large-scale opportunity, Dakota Apartments presents a compelling opportunity. With robust rental demand, strong market fundamentals, and the ability to unlock value through renovations, improved management, and strategic capital investments, this offering represents a rare chance to acquire a well-located, high-occupancy asset primed for long-term growth.
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Michel Commercial and Property Resources Group is pleased to present Bakken Heights, a 360-unit multifamily investment opportunity spanning 10 apartment buildings in Williston, ND. Offering strong historical occupancy and solid operational performance, Bakken Heights provides investors with an opportunity to further enhance value through strategic renovations and management improvements. With a variety of unit styles, on-site amenities, and plentiful parking, the property is well-positioned to continue meeting the area’s strong housing demand. For investors targeting large-scale multifamily assets with considerable upside potential, Bakken Heights Apartments offers an excellent opportunity. With durable rental demand, room for modernization, and strong market fundamentals, this property stands as a compelling addition to any investment portfolio focused on growth and stability in an established energy-driven market.
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Sold Properties

Michel Commercial is proud to present Green Avenue apartment homes, a 23-unit apartment community spanning two adjacent buildings in the heart of Anoka. Built in 1968, the property features a mix of one- and two-bedroom units and has maintained a strong track record of stable occupancy. The Green Avenue apartments is well-maintained with strong occupancy, steady income, and immediate upside. Current rents are below market, presenting a natural opportunity for increases. Additionally, the property is well positioned for a value-add strategy through interior upgrades, following the success of similar renovations in the area. Green Avenue offers both investment stability and growth potential.
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Michel Commercial is pleased to present Sunrise Court Apartments, a 53-apartment home property located in Cambridge, MN. This property has a strong occupancy history and benefits from recent capital improvements, including a newer boiler. Featuring a desirable mix of studio, one-, and two bedroom homes. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. This property presents a value-add investment opportunity, strategically positioned to capitalize on rental upside through interior upgrades. The Sunrise Court Apartments is well-maintained and conveniently located in a submarket experiencing strong rent growth. This offering provides investors with a chance to leverage a solid performing property that offers a clear path to NOI growth.
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Michel Commercial is pleased to present Northern Oaks Apartments, a 24 apartment home property located in Cambridge, MN. This property has a strong occupancy history and benefits from recent capital improvements, including a newer roof. Featuring a desirable mix of one-, and two-bedroom homes. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. This property presents a value-add investment opportunity, strategically positioned to capitalize on rental upside through interior upgrades. The Northern Oaks Apartments is well-maintained and conveniently located in a submarket experiencing strong rent growth. This offering provides investors with a chance to leverage a solid performing property that offers a clear path to NOI growth.
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$ 10,500,000
Michel Commercial is pleased to present the Sunset Ridge Apartments, a 105-home apartment complex located in Fergus Falls, Minnesota. Built in 2015, Sunset Ridge was developed by the highly regarded Kuepers Architects & Builders, and has a desirable mix of one- and two-bedroom homes with open concept living rooms, attractive cabinetry, dishwashers, individual climate control, and detached garages. Community amenities include a fitness room, a community room, an outdoor grilling station, a play area for children, and laundry facilities. Sunset Ridge is located in Fergus Falls, a community known for its scenic beauty and green spaces. Sunset Ridge is just five minutes from the nearest Walmart and less than four miles from the city’s reputable elementary, middle, and high schools. The property is less than ten minutes from central Fergus Falls, including shopping, dining, the library, an award-winning hospital, and several riverfront parks, and less than fifteen minutes from Pebble Beach and the northern terminus of the 55-mile Central Lakes Trail. Residents enjoy easy access to Interstate 94 and Minnesota State Highway 210. Sunset Ridge Apartments is a turn-key investment opportunity in a community with stable rental demand. The property has a high occupancy rate, offering robust in-place income. With its desirable amenities, convenient location, and easy access to incredible green spaces, Sunset Ridge Apartments presents an appealing investment opportunity and provides residents with a place they can proudly call “home.”
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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

Danielle Hoaby

Project Coordinator
Danielle joined Michel Commercial Real Estate in 2024, bringing over a decade of experienc ...

Jesse Thurston

Senior Associate
Jesse, the newest team member of Michel Commercial Real Estate, joining in 2024, has a bac ...

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 ...

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