The Commons

Michel Commercial is pleased to present The Commons of Inver Grove Heights, a 60-home market-rate community in a high-demand pocket of the Twin Cities’ southeast metro. The property offers a mix of one-, two-, three-, and four-bedroom layouts designed to serve both student (60%) and non-student residents (40%). In select units, student residents and young adults can lease a private bedroom within a shared unit. Select units also feature in-unit laundry, while each building provides ground-floor laundry facilities for added convenience. The Commons features ample surface parking, a quiet, community-oriented setting, and a strong history of occupancy supported by consistent demand. Recent interior renovations include new flooring, LED lighting, stainless steel appliances, and granite countertops. Residents also enjoy modern amenities such as a fitness center, tech center, lounge, and outdoor green spaces with grills and a designated dog area. Exterior upgrades—including new siding, roofs, and mechanical equipment (boilers, water heaters, etc.)—demonstrate ongoing investment in the property. With its well-maintained condition, minimal capital needs, and solid operational performance. The Commons is positioned for durable long-term returns. The Commons delivers reliable cash flow supported by strong occupancy, recent upgrades, and in-unit laundry that sustain long-term renter demand. With in-place rents below comparable properties, efficient operations through an existing Ratio Utility Billing System (RUBS), limited competition for this product type, and minimal new construction in Dakota County, the property is well positioned to provide stable performance and meaningful income growth.

Situated just off Highway 52 and minutes from I-494, The Commons provides easy access to major employment centers in St. Paul and the southern suburbs. Nearby retail, dining, and parks further enhance livability and support tenant retention.