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Properties listed in Minnesota

Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Station Street Apartments (“Station Street” or the “Property”), a 108-unit apartment community located in Big Lake, MN. Station Street offers open concept living spaces and a wealth of community amenities, including: a fitness room, an outdoor pool, and a play area for children. The Station Street Apartments are located in Big Lake, an exurb of the Twin Cities. The Big Lake area is known for its beautiful parks, stunning lakes, and economic development opportunities. Big Lake is home to many young families who value a closeknit community as well as easy access to big-city amenities and employment options. Station Street is a three-minute walk from the Big Lake Train Station, where commuters can ride the Northstar Line to downtown Minneapolis in under an hour. The Property is half a mile from US Highway 10 and just ten minutes from Interstate 94. Big Lake is within commuting distance of the Twin Cities making it a desirable location for residents and the Big Lake market boasts higher rents than the state average year after year. In addition, the city has added over a thousand singlefamily and multi-family rental units since 2015 to accommodate growing demand for housing. The Station Street Apartments offer a desirable mix of studio, one, and two-bedroom units and has been a welcomed addition to the Big Lake community proven by the strong lease-up velocity. Station Street is a well-built, turn-key property located in a growing, family-friendly market with competitive rental rates and access to parks, highways, and employment sectors.
108
Michel Commercial Real Estate is pleased to present an exclusive listing for the sale of the Hillcrest Apartments, a 40-unit apartment community. Built in 1963, Hillcrest offers spacious floor plans, private entrances, wood-burning fireplaces, and modern kitchen appliances.   Hillcrest is located in Columbia Heights, a historic, first-ring suburb of Minneapolis. Columbia Heights is home to popular restaurants, beautiful parks, and golf courses. Many residents enjoy the city’s small-town feel, big-city amenities, and easy access to downtown Minneapolis. Hillcrest is directly across the street from Columbia Heights High School and Highland Elementary School, a safe walking distance for many children. The city’s major commercial hub is less than a mile way, with everything from grocery stores and major brands to the iconic Heights Theater. The Property is less than two miles from the Interstate 694 entrance, which connects to Interstates 94 and 35W. University of Minnesota, University of Northwestern, and Bethel University are all located within 6.5 miles of Hillcrest as well.   The Hillcrest Apartments is a value-add investment opportunity with strong in-place income and upside potential through interior and exterior upgrades. Hillcrest is a reliable property located in a family-friendly market with access to parks, highways, and employment sectors.
40
Under Contract
The Clearwater River Apartments is a 25-unit apartment property located in Clearwater, MN. Built in 1980, this property has a desirable unit mix with an all-brick exterior, onsite laundry facilities, and each unit has a private balcony or walkout patio. The city of Clearwater is located in the northern tip of Wright County and is also a part of Stearns County. It is settled between the Mississippi River and the Clearwater River with its two main thoroughfares being Interstate 94 and Minnesota State Highway 24. Being centrally located, just 12 miles south of St. Cloud and 54 miles northwest of Minneapolis, makes Clearwater a hub for many trucking and trucking related companies. Clearwater is also the home of a number of other businesses including T.O. Plastics, Tri-County Lumber, the Clearwater Travel Plaza, and many more. The Clearwater River Apartments is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades in the apartment units. This property has strong in-place income, strong occupancy, and many recent capital improvements including: a new hot water heater and a new security camera system. The Clearwater River Apartments offer investors a solid cash-flowing property and it provides its residents with a centrally-located, small-town community with easy access to major employers, outdoor spaces, and more.
25
Under Contract
Michel Commercial Real Estate is pleased to present an exclusive listing for the Marr-Don Apartments (the "Property" and the "Marr-Don") an 18-unit multifamily property located in Crystal, MN. Built in 1967, the Marr-Don Apartments have a brick exterior and feature a desirable unit mix with on-site laundry facilities and parking garages. The city of Crystal, a popular first-ring suburb in the Twin Cities and within Hennepin County, is home to over 250 acres of parks, popular community centers, and the Crystal Campus of the FAIR School, an award-winning arts school. The Marr-Don is surrounded by residential communities and is within walking distance of several parks. The Property offers convenient access to Interstate Highways 94 and 694, and downtown Minneapolis is just a seven-mile drive away. The Marr-Don Apartments is a value-add investment opportunity and is well positioned for accelerated rent growth through interior upgrades. Five of the units are available to be remodeled immediately and a new boiler was installed within the last two years. The Marr-Don is nestled within a steady rental market and is conveniently located with easy access to many Twin Cities employers, beautiful parks, and community gathering spaces.
18
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
$ 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
$ 3,550,000
The Victory Apartments were built in 1978 with a 3-story above ground, barrier free design and a pitched roof. The property consists of 27 one bedrooms, 12 two bedrooms and 12 detached garages. Some amenities include air conditioning, laundry facility, community room, outdoor patio with BBQ, secured entry, elevator and an office. The Victory Apartments is a Project Based Section 8 Property that provides housing to seniors and people with disabilities. The building has a fire alarm system and a sprinkler system and is heated with electric baseboards. The property is 100% occupied with a waiting list. In the last 5 years the property has received a new roof, new casement windows, and a new steel siding and rock wainscoting exterior.
39
$ 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
75,000.00 ft2
70
$ 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
$ 6,400,000
The Highfield Apartments of Hutchinson is located in south central Minnesota. Minnesota Highway 7 connects to the western Twin Cities area about 45 miles to the east. The city of Hutchinson also serves as the county seat for McLeod County.
68,032.00 ft2
58
$ 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
$ 5,255,000
Woodbridge Apartments offers spacious apartments with a nice unit mix in a central location in Owatonna. This community includes one, two, and three bedroom apartment homes that are clean and well-maintained, each with a full complement of the appliances that everyone wants. There are laundry facilities on each floor and a playground and basketball court for the kids. There are garage stalls and off-street parking for the convenience of the tenants. Woodbridge is a well maintained apartment property located in vibrant and progressive Owatonna, Minnesota. Professionally managed, this property is expected to retain a high occupancy and a steady revenue stream on into the future.
84,932.00 ft2
71
$ 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
$ 6,660,000
The Park West Apartments were built in 1967 and have a 3 story above ground design. The property consists of 36 one bedroom units, 24 two bedroom units and 22 garages. Some of the common area amenities include a secured entrance, heated outdoor pool, laundry facilities and a picnic area. Some of the unit amenities include air conditioning, screened porch, cable ready, high speed internet, ceiling fans, dishwasher, disposal, refrigerator, oven, hardwood floors and walk-in closets.
52,000.00 ft2
60
$ 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
$ 7,500,000
The Sunfish Lake Apartments were built in 1970 and have a 3 story design with an attractive and easy to maintain all brick exterior Some of the amenities include underground parking, elevator, pool, balcony or patio, high speed internet and a laundry facility. The tenants pay their utilities. The units are large and have attractive floor plans. The property consists of 55 apartment units including 18 - 1 bedroom units, 31 - 2 bedroom units and 6 - 3 bedroom units..
58,133.00 ft2
55
$ 5,525,000
The Wedgewood Apartments of Sartell was built in 1985 and originally operated as a Cooperative. In 2005 the property underwent a major remodel including new windows, siding, and roofs, and was converted to condominiums. The Wedgewood Condominium Association was terminated as of December 30, 2014. Since that time the property has thrived as apartments with significant increases in net operating income over each of the past three years. The property is laid out beautifully with four apartment buildings surrounding a very attractive, spacious courtyard including a pool and picnic areas. There is an excellent unit mix of 44 two-bedroom units and 20 one-bedroom units. Tenants enjoy a washer and dryer in their unit and each apartment comes with a tuck-under garage and storage. There are an additional 80 surface parking spaces for the convenience of the tenants and their guests. With continued excellent property management this property is positioned to perform well long into the future! Schedule your showing today!
72,000.00 ft2
64
$ 8,900,000
Berrywood Apartments Homes feature 1 or 2 bedroom floor plans with open concept living areas. Conveniently located in the heart of Baxter off of College Drive for easy access to shopping, work, and schools. Heat, water, sewer, and garbage are included in the rent. Cable TV, high speed internet, and detached garage parking are available to the tenants. Quality management is in place with an on-site office. The complex has controlled access with ample exterior lighting. On-site laundry, grilling station, and community rooms are available for the tenants use. Berrywood is a great place to call home!
81,418.00 ft2
87

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