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Properties listed in Bloomington

Michel Commercial is pleased to present the FreeBloom Apartments, 12 apartment homes located in the desirable suburb of Bloomington. This property boasts a history of strong occupancy and features all two-bedroom units. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. The FreeBloom Apartments is located in Bloomington, MN, and its residents appreciate easy access to a range of community amenities. Shopping options abound, with Southtown Shopping Center nearby and the renowned Mall of America just a short drive away. Dining options cater to diverse tastes, ensuring something for everyone. Major highways like Interstate 494 and Interstate 35W provide quick connections throughout the metro. In addition, nature enthusiasts enjoy the nearby parks such as Hyland Lake Park Reserve for outdoor activities and relaxation. The FreeBloom 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 significant rental premiums. With its convenient location and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the FreeBloom Apartments “home.”
$ 32,800,000
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.

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