Properties listed in Minneapolis

Michel Commercial is pleased to present The Drexel Apartments—a mixed-use asset featuring 75 apartment homes and five ground-floor retail spaces in the heart of Minneapolis. Located just blocks from the Minneapolis Convention Center and major healthcare campuses, The Drexel offers investors the opportunity to acquire a well-located, urban-core asset with immediate upside. The Drexel offers residents a rare blend of historic character and modern convenience. This beautifully restored 1901 building features studio- one- and two-bedroom apartments with original millwork, high ceilings, curved brick accents, and oversized windows. With an on-site elevator and controlled access, residents enjoy secure, comfortable living just steps from downtown, parks, restaurants, and transit hubs. The Drexel offers several paths for value creation. The most immediate opportunity lies in improving occupancy by accepting Section 8 voucher residents. Additional upside can be achieved by enhancing operational efficiency through a Ratio Utility Billing System (RUBS) and by applying for 4d tax classification, which would significantly reduce the property’s tax burden.

Michel Commercial is pleased to present 3308 E 38th Street, a 12-apartment home property located in Minneapolis. This well-maintained property has a strong occupancy history in a stable location. Featuring mainly one-bedroom homes with large closet space. With a strong track record of high occupancy and solid in-place income, the 3308 E 38th Street Apartments offers reliable and predictable returns, making it an attractive investment in a prime location.

The Calhoun Towers Apartments are a 21 story high rise near Lake Calhoun with 108 units. The property has underground parking, a fitness center, a community room, elevators and balconies.