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Michel Commercial is pleased to present the Bentonwood 4 Estates, a 56-apartment home, 16-building apartment complex located in St. Cloud. This property boasts a history of strong occupancy and features a desirable unit mix of one- and two-bedroom units. Residents enjoy on-site laundry facilities and the convenience of covered and surface parking. Bentonwood 4 Estates is nestled in the heart of St. Cloud, Minnesota, a charming city known for its vibrant community and natural beauty. This idyllic residential neighborhood is strategically situated to offer both tranquility and convenience to its residents. Located just a short distance from downtown St. Cloud, Bentonwood 4 Estates provides easy access to a myriad of amenities, including shopping centers, restaurants, and entertainment options. Additionally, its proximity to major highways 10 and 23, ensures seamless connectivity to neighboring cities and attractions. Surrounded by lush greenery and picturesque landscapes, Bentonwood 4 Estates offers a serene retreat from the hustle and bustle of urban life while still providing all the conveniences of modern living. Bentonwood 4 Estates is a value-add investment opportunity and is well-positioned for rental upside through interior upgrades. With its convenient location and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the Bentonwood 4 Estates “home.”
56
Michel Commercial is pleased to present the Avenue Apartments, a 36-apartment home, three-building apartment complex located in Brooklyn Center. This property boasts a history of strong occupancy and features a desirable mix of studio, one-, and two- bedroom units. The kitchens have been renovated throughout, with granite countertops, stainless steel appliances, cherry cabinets, and LVP flooring. Residents enjoy on-site laundry facilities and the convenience of surface parking The Avenue Apartments are just two miles from the heart of Brooklyn Center, a first-ring suburb of the Twin Cities, and the community’s robust community center, library, and primary shopping district. The property is three miles from the banks of the Mississippi River and ten miles from central Minneapolis. Residents appreciate easy access to Interstates 94 and 694. The Avenue Apartments is a turn-key investment opportunity with significant capital improvements (new roofs, newer windows, renovated kitchens) and is poised for continued rent growth. The owners switched management companies, within the last 12 months, and have benefitted from incredible rent growth, a full RUBS (ratio utility billing system) implementation, and an improved resident base. With its convenient location, recent capital improvements, and strong rental upside, this property is an attractive investment opportunity with a solid resident base that is proud to call the Avenue Apartments “home.”
36
$ 20,500,000
89
Michel Commercial is pleased to present the FreeBloom Apartments, 12 apartment homes located in the desirable suburb of Bloomington. This property boasts a history of strong occupancy and features all two-bedroom units. Residents enjoy on-site laundry facilities and the convenience of garage and surface parking. The FreeBloom Apartments is located in Bloomington, MN, and its residents appreciate easy access to a range of community amenities. Shopping options abound, with Southtown Shopping Center nearby and the renowned Mall of America just a short drive away. Dining options cater to diverse tastes, ensuring something for everyone. Major highways like Interstate 494 and Interstate 35W provide quick connections throughout the metro. In addition, nature enthusiasts enjoy the nearby parks such as Hyland Lake Park Reserve for outdoor activities and relaxation. The FreeBloom Apartments 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 and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the FreeBloom Apartments “home.”
12
Michel Commercial is pleased to present the BestPenn Apartments, 21 apartment homes across two, neighboring properties. Located in the first-ring suburb of Richfield, these properties boast a history of strong occupancy and feature 20, one-bedroom units and 1, three-bedroom unit. Residents enjoy on-site laundry facilities and the convenience of surface parking. Centrally located in Richfield, the BestPenn Apartments are minutes from abundant shopping and dining options, including Target, the Southtown Mall, and the Mall of America. With easy access to major highways like Interstate 494 and Interstate 35W, commuting is hassle-free. In addition, nature lovers can relax in nearby parks like Veterans Memorial Park and Wood Lake Nature Center after a busy day. BestPenn is also minutes from the Minneapolis-St. Paul International Airport and only ten miles from Minneapolis. The BestPenn Apartments 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 and strong rental upside, this property is an attractive investment opportunity with a stable resident base that is proud to call the BestPenn Apartments “home.”
21
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.”
54
Michel Commercial is pleased to present the Ventura Flats, a 74- unit, market-rate apartment complex situated in Minneapolis’s Ventura Village neighborhood. Built in 1967, this property features 18 studios and 56 one-bedroom units, with a history of strong occupancy. The Ventura Flats also has on-site laundry facilities as well as surface parking. Ventura Village, nestled in the heart of Minneapolis, is a vibrant neighborhood known for its cultural richness and community spirit. Its central location provides easy access to downtown amenities, public transportation, and a plethora of cultural and recreational opportunities. Residents benefit from active community organizations and initiatives aimed at fostering a sense of belonging and improving the overall quality of life. With its rich tapestry of cultures, bustling streets, and welcoming atmosphere, Ventura Village embodies the dynamic spirit of Minneapolis living. The Ventura Flats offers a compelling investment opportunity, boasting attractive, assumable debt at 4.58% until 2028. With a mission-driven approach, the long-term owners have intentionally maintained exceptionally low rents to ensure naturally occurring affordable housing for residents. We anticipate that the next owners can capitalize on significant rent increases simply by adjusting them to market rates and/or by permitting Section 8 vouchers. Additionally, leveraging the 4D tax program can substantially reduce the property’s tax liability. Situated conveniently with easy access to highways and urban amenities, the Ventura Flats stands as an attractive investment prospect.
74
$ 29,000,000
Michel Commercial Real Estate is pleased to present an exclusive listing for The Nexus at Gray’s Landing — an award winning, best-inclass, 142-home, mixed-use, luxury apartment complex with modern finishes and upscale, resort-style amenities. Situated in Des Moines, Iowa and developed by the highly esteemed Sherman Associates in 2018, the addition of the Nexus at Gray’s Landing to the Des Moines landscape has been well-received and is an asset to the community. This gorgeous property has retail and office space on the lower level with a desirable unit mix of apartment homes. Each of the pet-friendly homes features high-end finishes, including granite kitchen islands, stainless steel appliances, high-efficiency in-home washers and dryers, luxury plank flooring, spacious walk-in closets, tile backsplashes, and balconies or patios (in select units). The complex is rich with desirable amenities including, a community garden, a picnic area with a grill, a 24-hour fitness center, an outdoor pool, underground parking, and more. The Nexus is located in a growing pocket of Des Moines and offers convenient access to the shopping, dining, and attractions of downtown Des Moines. Outdoor enthusiasts are less than five minutes from Gray’s Lake Park, Principal Park, and the shores of the Des Moines and Raccoon Rivers. For those with a commute, the Nexus offers easy access to Interstate 235 and Highway 69. <strong>The Nexus at Gray’s Landing has strong occupancy, 4+ years of tax abatement, and an assumable HUD loan (2.94% fixed rate, matures 3/1/2058).</strong> Offering modern, luxury living, in a convenient location, close to the amenities of the city and coupled with easy access to green space and major highways, the Nexus at Gray’s Landing is a standout property where residents are proud to call “home.”
142
$ 126,000,000
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.
456
$ 73,500,000
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.
361
Michel Commercial is thrilled to introduce the Champlin Portfolio, a unique offering comprising two properties located just 0.6 miles apart. With a total of three buildings and 135 apartment homes, this portfolio presents an exceptional investment opportunity. The Riverview Estates and the Sunset Apartments are for sale for the first time in over 20 years and can be sold together or separately. These properties feature a desirable mix of one-, two-, and three-bedroom units as well as community amenities that include surface and garage parking, along with convenient on-site laundry facilities. Additionally, the Riverview Estates offers a spacious community room, an indoor pool, and an outdoor playground. The north-facing units, at Riverview, notably boast scenic river views. Nestled in the vibrant suburb of Champlin, this portfolio offers convenient living just minutes from downtown Champlin and a quick stroll from the newly revitalized Mississippi Crossings community area. With easy access to US Route 169 for seamless commuting, residents also enjoy proximity to strong job markets, diverse dining options, shopping, and entertainment. Additionally, Elm Creek Park and Mercy Hospital are just a few miles away, providing further convenience and accessibility. This portfolio presents a prime value-add investment opportunity, strategically positioned to capitalize on remarkable rental upside through attractive interior upgrades. Situated in a high-demand submarket that has been historically supply constrained, the area is currently experiencing robust rent growth. Moreover, there's been a noticeable demographic shift towards higher-income earners, driving demand for renovated and modernized properties. This offering provides investors with a unique chance to leverage these exceptionally well-located apartment communities that offer immediate upside potential.
135
$ 32,800,000
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.
213
$ 10,800,000
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).
120
$ 29,225,000
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.
175
$ 36,800,000
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.
181,800.00 ft2
101
$ 16,140,000
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.
139,450.00 ft2
145
$ 11,000,000
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.
70,000.00 ft2
58
$ 15,600,000
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.
90,605.00 ft2
79
$ 18,100,000
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.
151,643.00 ft2
159
$ 49,500,000
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
460,619.00 ft2
524
$ 32,500,000
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.
159,159.00 ft2
108
$ 14,400,000
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.
90,291.00 ft2
87
$ 10,500,000
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.
92,271.00 ft2
86
$ 11,800,000
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.
87,766.00 ft2
67
$ 17,000,000
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.
135,435.00 ft2
114
$ 14,000,000
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.
214,776.00 ft2
300

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