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Live Active Apartments

Live Active Apartments

200 Briargate Road  /

Property Details

Price: $ 49,500,000
Property Type Multifamily
Total Lot Size: 31.35 Acres
Year Built: 1973
Number of Units: 524
Garages: 0
County: Blue Earth


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!


Mankato is the fifth largest city in Minnesota outside of the Minneapolis–St. Paul metropolitan area. Located predominately in Blue Earth County, the Greater Mankato Area has a population of about 101,650 (Mankato is across the Minnesota River from North Mankato). The city runs along a large bend of the Minnesota River at its confluence with the Blue Earth River. In 2017, Schools. com named Mankato the second-best small college town in the United States. Rolling Stone magazine also named Mankato/St. Peter one of the top 50 college towns in the country because of its rich and diverse music scene.



  • Steps from MN State University-Mankato (0.4 Miles)
  • Growing MSU Enrollment (Up 3% Since 2019)
  • MSU- Mankato is the 2nd Largest Public University in MN f 12,492 Undergraduate Students in 2019
  • 1,882 Graduate Students in 2019
  • Approx. 80% of Students Live Off-Campus
  • Historically Stable Community in Growing Mankato Market f Amenity Rich Complex
  • Instant Scale Opportunity of 1,079 Beds (524 Units) in
  • Mankato Student Housing Market
  • Opportunity to Purchase “Free-and-Clear” of Existing Debt f Opportunity to Convert to Individual Lease per Bedroom
  • Turn Key Investment
  • Historically Low Interest Rate Environment

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