Properties listed in Apartment

Michel Commercial is pleased to present Gateway Place, a 48-unit, affordable (Section 42) apartment complex located in Chanhassen, MN. Gateway Place is the 2020 winner of the ‘Best of Chanhassen Apartment Community Award’. This property has a desirable unit mix with modern finishes and is amenity rich with in-unit laundry, underground parking, patios and balconies, a children’s play area, and more. All 48 units (100%) are designated to serve members of underserved populations defined as Single Female head of household with minor children, Individuals and Households of Color at 60% of the median area income until the expiration of the LURA contract on 12/31/2036. Gateway Place is located in Chanhassen, which was named the #1 best place to live in the United States by Money Magazine in 2021. Gateway Place is less than a mile from Chanhassen Hills Park and a five-minute drive from a major commercial center that includes Target, grocery stores, restaurants, and the Chanhassen Dinner Theatres. Gateway Place is minutes from SouthWest Transit, less than a quarter of a mile from the U.S. Route 212 entrance, and just a mile from Interstate 5, allowing for easy travel around the Twin Cities. Gateway Place has a history of strong occupancy and is conveniently located in a high-demand area with an increasing average household income. These factors make this property a strong investment that will provide stable income and returns during strong markets as well as recessionary periods. With easy access to excellent schools, beautiful parks, public transportation, and freeways, residents of Gateway Place are proud to call it ‘home’.

Michel Commercial is pleased to present the Harborview Apartments, a 31-unit, Project-Based Section 8 property that caters to seniors and is located in Grand Marais, MN. Harborview offers a desirable mix of oneand two-bedroom units and has been well-maintained and features on-site laundry facilities, off-street parking, and an elevator. The Harborview Apartments presents a steady investment opportunity. The Harborview Apartments are located in Grand Marais, MN which was voted the 'Best Midwestern Small Town' by USA Today in 2017. The property is just a few blocks from the shores of Lake Superior and less than a quarter mile from the grocery store, a convenience store, several restaurants, and a bank. Residents enjoy the close proximity to the Cook County YMCA and the Grand Marais Public Library.

Michel Commercial is pleased to present the Etna Woods Townhomes, a 20-unit, HUD-subsidized Project Based Section 8 property in St. Paul. The Section 8 contract expires in 2026 and at that time, the property can become market rate. Each two-level, townhome-style unit has a washer-dryer hookup and a patio. Community amenities at Etna Woods include off-street and garage parking and a play area for children. Etna Woods is located in St. Paul’s Greater East Side neighborhood. The property is within walking distance of Lake Phalen Beach and Phalen Park & Recreation Center, and the local bus line is just half a block away. There is a grocery store, a pharmacy, a fitness center, and several restaurants within a five block radius. Etna Woods is just seven blocks from Prosperity Public Elementary School and eight miles from downtown St. Paul. Etna Woods Townhomes offers a desirable mix of two-, three-, and four-bedroom, two-level units. The units are well maintained, with a history of strong occupancy and low vacancy rates due to long waiting lists of tenants who have been pre-screened. Additionally, as a HUD-subsidized building, Etna Woods generates stable income even during periods of recession. Etna Woods Townhomes presents a steady investment opportunity in an in-demand, family-friendly neighborhood with a rich cultural heritage and easy access to urban center amenities.

Michel Commercial is pleased to present the Wentworth Apartments, a well maintained and well-managed, 46-unit apartment property located in the suburb of West Saint Paul in Dakota County. The Wentworth features a desirable unit mix and an array of community amenities including: on-site laundry facilities, tuck-under and covered garages (34 total stalls), an indoor pool, a community patio and picnic area, as well as balconies and patios. The Wentworth is located in the first-ring suburb of St. Paul, the city of West Saint Paul. The Wentworth is less than a mile from the West Saint Paul Dome and a major commercial center that includes: Walmart, Target, Lowe’s, and more. The property is part of the highly rated Independent School District 197 and is just half a mile from Garlough Environmental Magnet Elementary School. The Wentworth is 1.5 miles from US Route 52 and 3 miles from Interstates 35E and 494, allowing easy access and movement throughout the Twin Cities metropolitan area. The Wentworth Apartments has a history of strong occupancy, diligent maintenance, and solid in-place income. This value-add investment opportunity is well-positioned for rental upside through interior upgrades. Many of the neighboring properties have been renovated and are achieving rental premiums of $200 to $300 per unit per month from those upgrades. With its excellent schools, beautiful parks, and easy access to major roadways, this well-located property is an attractive investment opportunity with a strong, stable tenant base who are proud to call The Wentworth Apartments “home.”

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of The Cliffs of Minnetonka (the “The Cliffs”), a sprawling 456-unit apartment community. This rare offering is for sale for the first time. Built in 1985, this community features spacious units, open concept living, in-unit washers and dryers (322 units), heated underground parking, and resort-style amenities. The Cliffs is located in the city of Minnetonka, one of the most desirable suburbs in the Twin Cities, and situated in the top-rated Wayzata School District. The Cliffs is bordered by residential communities to the north and a robust commercial area directly to the south. Ridgedale Center Mall, one of the busiest malls in the Twin Cities, is just a five-minute drive away and features 108 stores (1.1 million square feet of retail space). Downtown Minneapolis is less than ten miles away via direct route on Interstate 394, which is less than a block from The Cliffs’ entrance. The Cliffs of Minnetonka is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the apartment units. The property is 96% occupied and over $1.5MM in capital improvements have been made to the common areas within the last year. Offered free and clear of existing debt, this property is a high yield investment opportunity when coupled with today’s attractive financing options. The Cliffs of Minnetonka is a rare jewel of a property that was built to be a showstopper and is located in a high barrier of entry market with easy access to top employment sectors, shopping, and freeways.

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the SpringBrook Apartments, an expansive 361- unit apartment complex featuring 242 detached garage stalls and resort-style common areas. This rare offering is for sale for the first time. Built in 1987, the Property is a value-add investment opportunity and is well positioned for strong rental growth through interior upgrades. A portion of the units have been renovated and serve as a model for the rental growth potential.

Michel Commercial Real Estate is pleased to present the Linderhof Park Apartments, a 56-unit, HUD-subsidized Project Based Section 8 apartment complex in New Ulm. The Section 8 contract expires in April of 2024 and at that time, the property can become market rate. Linderhof Park has many community amenities, including on-site maintenance, a new playground, a basketball hoop, a pool, off-street parking, and laundry facilities on every floor. Every townhome-style unit has its own balcony, deck, or patio. Linderhof Park is located in New Ulm, a family-friendly city with rich cultural heritage less than 100 miles from central Minneapolis. Linderhof Park is just a few blocks from Cash Wide Foods and Washington Learning Center. There are several restaurants and shops within walking distance of the property. Linderhof Park is less than a mile from U.S. Highway 14 and 1.5 miles from a commercial center, featuring a Walmart, Aldi, Menards, and more. Linderhof Park Apartments offers a desirable mix of one-, two-, and three-bedroom units. All four buildings are well maintained, and the property has a history of strong, long-term occupancy and low vacancy rates. Because Linderhof Park is an HUD-subsidized property, all tenants are pre-screened, and the property generates stable income even during periods of recession. Linderhof Park Apartments is a steady investment opportunity in a lively small city with a robust manufacturing sector, good schools, and award-winning healthcare facilities.

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.

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Garden Square Apartments, a 120-unit apartment complex located in St. Cloud, Minnesota. The Garden Square Apartments were built in 1986 with a 3 story design, a desirable unit mix, and 123 detached garages. This property is amenity rich and well-maintained with an excellent occupancy history. In addition, there have been many capital improvements in the last 5 years (including a new roof).

The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments are located in Falcon Heights, MN in Ramsey County. These properties have a total, combined unit count of 175-units and are a mix of market rate (65%) and affordable (35%) units. The sale includes approximately $1.7 million in TIF. The Falcon Heights Town Square Senior Apartments were built in 2003 and have 56 units (32% of the portfolio). This property features one-bedroom units, one-bedroom + den units, and two-bedroom units that vary in size and style. About 95% of the units are market rate and 5% of the units are affordable. Each unit has an in-unit washer and dryer, central heat and air conditioning, a dishwasher, a microwave, a refrigerator, a self-cleaning oven, a step-in shower, and is cable/ satellite ready. This independent, senior (62+) living community also has a 24-hour fitness room, a game room, a puzzle room, a media room with internet, a library, two community areas with fireplaces, and an outdoor community space. The Falcon Heights Town Square Apartments were built in 2004 and have 119 units (68% of the portfolio). This property features one-bedroom units, two-bedroom units, and three-bedroom units that vary in size and style. About 51% of the units are market rate and 49% of the units are affordable. Each unit has an in-unit washer and dryer, air conditioning, a dishwasher, a refrigerator, a self-cleaning oven, and generous closet space. This property also has multiple retail spaces with great visibility on the ground floor. The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments feature ample heated underground parking ($50/month) as well as surface parking. These properties are centrally located and the residents enjoy the close proximity to I-35W and Highway 36. The convenient location also allows for easy access to: the Rosedale Mall, downtown St. Paul, local businesses, parks, trails, the Mississippi River, local schools, restaurants, bus lines, and more. The Falcon Heights Town Square Senior Apartments and the Falcon Heights Town Square Apartments offer comfortable and spacious living with an urban suburban feel.

Remington Cove Luxury Apartments is a premier apartment community in Apple Valley. Built in Fall 2015 with 101 luxurious units, the building includes 1, 2, and 3 Bedroom apartment homes with upscale amenities such as heated underground parking, a 24 hour fitness center, an outdoor fire pit and picnic patio, off leash dog park, and a community room with a full kitchen. Remington Cove is a luxurious place to call home.

The Cedar Pointe Estates was constructed between 2016 and 2019. There are 145 apartment units consisting of 50 one-bedroom units, 91 two-bedroom units, and 4 two-bedroom plus den units. The property does not have any affordability restrictions. There are 95 detached garage stalls plus an additional 263 surface parking spaces. Amenities include one community room with kitchen in each building, BBQ grills, one fitness room in each building, a playground, one elevator per building, laundry rooms on each floor of every building (10 rooms) and one on-site leasing office. While the owner is responsible for heat, hot water, water, sewer, and trash, the tenants pay for their own electric and have access to cable TV, internet, and garage stalls.

Highland Shores Luxury Apartments is a premier apartment community in Chaska. Built in 2008 with 58 luxurious units, the building includes Studio, 1, and 2 Bedroom apartment homes with upscale amenities such as heated underground parking, a 24 hour fitness center, a barbecue area and picnic patio, and a community room. Highland Shores is a luxurious place to call home.

The Lodge at Little Canada is a 79 unit mixed use property on a 2.08 acre site in Little Canada MN. Built in 2003, the property features one and two bedroom units, ground level commercial spaces, a heated garage, fitness center, library, gaming room, community room and lounge areas. Tenants enjoy easy access to public transportation, restaurants, churches, schools & parks.

The Chestnut Apartment Community is a beautiful apartment property consisting of 7 apartment buildings with total of 159 units including 15 studio units, 68 one bedroom units, 45 two bedroom units, 11 two bedroom + den units and 20 three bedroom units. The property has underground parking (Phase Two), tuck under garages and detached garages. Phase One was built in 1974 and Phase Two was built in 2000. The buildings have attractive two and three story designs. Some of the amenities include washer and dryer hookups in units (Phase Two), controlled access and, elevator (Phase Two), fitness center, community room, outdoor swimming pool and picnic areawith barbecue. The residents pay all their utilities.

Michel Commercial Real Estate is pleased to represent the Owner as Exclusive Investment Advisor/Broker in the marketing of Live Active Apartments (“The Property”). The Live Active Apartments is the most amenity rich complex in Mankato! Built in four phases from 1973 to 2016: Briargate I & II, Southridge, The Preserve, and the Cachet are comprised of 26 buildings on over 31 acres. The Live Active Apartments boast 1,079 beds (524 units) and attracts students as well as young professionals with their variety of unit styles, pricing, and access to amenities. The Live Active Apartments are strategically located less than half a mile away from Minnesota State University, Mankato as well as various restaurants and shopping. In addition to this, they offer a host of resort-style amenities including a new clubhouse, workout facility, a tanning bed, heated pool, indoor hot tub, hockey and ice skating rink (in the winter), bonfire pits, dog park, basketball court, sand volleyball courts, and more. With more amenities than any other complex in Mankato, the Live Active Apartments are the most desirable place to live, study, work, compete, and play! LiveActiveApartments.com

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.

Blaine Town Square is a Senior's (62+) Affordable 87 unit apartment building on a 1.84 acre site in Blaine MN. Built in 2004, the property features one and two bedroom units, heated underground parking, 24-hour gym, indoor pool, resident-run library, community room, media room and grand lobby area with fireplace and a piano. Tenants enjoy easy access to public transportation, restaurants, churches, schools & parks.

The Continental Village Apartments were built in 1968 and have a 2 1/2 story design with attractive and easy to maintain all brick exteriors. The property is 99% occupied. The property consists 3 apartment buildings with 28-1BR's and 58-2BR's for a total of 86 units . There are 100 detached garages. The Some of the amenities include a swimming pool, playground, laundry facilities, an office and high speed internet. The tenants pay for their electricity, trash, sewer and water. The property has received two new roofs in the last 5 years.

Welcome to the relaxed living environment of Grand Avenue Estates Apartments and Patio Homes. The Grand Avenue Estates community is located in a residential setting just minutes from the St. Louis River with walking trails nearby. It is also close to Spirit Mountain Ski Area and the Superior Zoo. The Grand Avenue Estates presents an excellent opportunity to own a neighborhood within a neighborhood. Situated on the outskirts of Duluth, it has the feel of a rural setting, yet in the city. There are 6 three bed/two bath apartments, 34 two bed/two bath apartments, and 18 one bed/one bath apartments. There are also 5 three bed/two bath patio homes, and 4 two bed/two bath patio homes. Each unit (apartments and patio homes) has the convenience of its own laundry room, complete with washer and dryer.

Bay Point Lake Apartments is a 114 unit market rate property on a 6 acre site in Eden Prairie, MN. Built in 1984, this building has a three story above ground design with an all brick exterior. The property has 101 underground parking spaces that rent for $50 a month and 12 detached garage spaces that rent for $75 a month. The property is comprised of 22 one bedroom units, 91 two bedroom units, and 1 three bedroom unit. (Many of these units have been recently remodeled.) Features of this building include: underground and surface parking, a fitness gym, and access to The Preserve, which includes a party room, an outdoor pool, a kids playground, tennis courts, volleyball courts, and a picnic area. Tenants enjoy the paved trails through the woods and around the lake, easy access to restaurants, and excellent schools.

The Willow Park Community is a beatiful 300 unit community consisting of 10 apartment buildings with 30 units in each building. The property was built in 1976 and 1977. The buildings have attractive 3 story above ground designs with brick and wood exteriors. Some of the amenities include laundry on each floor, controlled access, exercise room, sauna, community room, playground, swimming pool, tennis courts, basketball courts and volleyball courts. The residents pay their utilities.