Northfield Estates

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.”

Northfield, MN, nestled in the picturesque Cannon River Valley, enjoys a strategic location in southeastern Minnesota. Northfield offers residents the best of both worlds: the charm and tranquility of a small town along with convenient access to the amenities and opportunities of a major urban center. Here are key details about the city of Northfield: Strong Economy: Northfield boasts a diverse economy with a mix of industries, including education, healthcare, manufacturing, and agriculture. The most notable employers are Northfield Hospital & Clinics, Shattuck-St. Mary’s School, Malt-O-Meal, and Post Consumer Brands. The economic stability contributes to the town’s overall quality of life. Educational Opportunities: Northfield is home to two esteemed liberal arts colleges, Carleton College and St. Olaf College, providing a rich intellectual and cultural atmosphere. Residents have access to a wide range of educational events, lectures, and performances. Proximity to the Twin Cities: Northfield’s location, about 45 minutes south of Minneapolis and St. Paul, provides residents with access to major highways like Highway 3 and Interstate 35, facilitating seamless connectivity to neighboring areas. Natural Beauty: The town is surrounded by picturesque landscapes, including farmland, forests, and the Cannon River, offering opportunities for outdoor activities such as hiking, biking, and kayaking. Overall, Northfield, MN offers a blend of education opportunities, natural beauty, economic stability, and proximity to the major metro, making it attractive place to live for individuals and families alike.