Properties listed in Northfield

Michel Commercial is pleased to present the Northfield Estates, 54 apartment homes across four properties. Located in Northfield, MN, these properties boast a history of strong occupancy and feature mostly oneand two-bedroom units. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. Northfield boasts a rich academic and professional landscape, anchored by prestigious institutions like Carleton College and St. Olaf College. Complementing these esteemed colleges are notable employers such as the Northfield Hospital & Clinics, Shattuck-St. Mary’s School, Malt-O-Meal, and Post Consumer Brands which significantly contribute to the city’s vitality and employment opportunities. Amidst this dynamic environment, residents and visitors can immerse themselves in the vibrant downtown scene, perusing local shops and dining at delicious restaurants. The city’s accessibility is further enhanced by convenient access to major highways like Highway 3 and Interstate 35, facilitating seamless connectivity to neighboring areas. The Northfield Estates 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, recent capital improvements, and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the Northfield Estates “home.”