Properties listed in Rochester

Michel Commercial is pleased to present The Hue, a 50-home apartment community located in downtown Rochester with ground-floor retail and Minnwest Bank as the tenant. Built in 2020, the property offers investors the opportunity to acquire a modern asset featuring in-unit laundry, rooftop deck and fire pit, underground parking, and a highly walkable location, with nearby skyway access to the Mayo Clinic. The Hue is well-positioned to expand the number of furnished homes to serve traveling healthcare professionals and patients requiring extended stays. The property currently offers three furnished homes that achieve an average rental premium of 38.3% (or $577 more per month) than unfurnished homes at the property, demonstrating the strong demand and income potential associated with increasing the number of furnished homes.