Properties listed in Shakopee

Michel Commercial is pleased to present TRIO @ southbridge Apartments, a premier 100-home luxury apartment community located in Shakopee, Minnesota. The community features spacious one bedroom, one bedroom plus den, two bedroom and three bedroom apartment homes with Europeanstyle kitchens showcasing custom cabinetry, granite countertops, stainless steel appliances, designer finishes, nine-foot ceilings, oversized balconies, central heating and cooling, and full-size in-home washers and dryers. Residents enjoy an exceptional resort-style amenity package including a heated outdoor swimming pool, poolside fire pit, grilling stations, 24-hour clubhouse, fitness center, yoga studio, entertainment lounge, coworking and conference spaces, complimentary coffee bar, gated dog park, package lockers, heated underground parking, elevators, bike storage, and available storage lockers, creating a best-in-class suburban living experience. TRIO @ southbridge was constructed in 2018 on expansive, beautifully maintained grounds. Currently 95% occupied and achieving average in-place rents of $1,830 per month, TRIO @ southbridge provides stable cash flow. Included in the offering is an adjacent 5.46-acre development parcel with the potential to add approximately 205 additional apartment homes. The parcel also benefits from certain infrastructure improvements that have already been completed, helping support future development and reducing certain upfront site improvement requirements. Because the existing clubhouse and amenities were designed to serve a larger community, new ownership has the opportunity to expand the property while leveraging infrastructure and amenities already in place. Combining luxury apartment homes, an extensive amenity package, a desirable suburban location, and significant future development potential, Trio @ southbridge offers investors durable cash flow today with a clear path to long-term value creation.