Featured Listings
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.
57
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.
42
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.
44
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.
38
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.
128
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.
23
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 ...
