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.