Contacts
Property Details
- Property Type Other
- Lot Size 0.55 Acre
- Additional Rent Contact for pricing
- Date Updated Dec 17, 2024
Colliers is pleased to present for sale The Oak Grove Portfolio, a 424-unit apartment portfolio located in the Lorign Park neighborhood of Minneapolis, MN. The Oak Grove Portfolio features properties at 215 Oak Grove and 330 Oak Grove, offering a premier urban experience on the outskirts of downtown Minneapolis.
Multifaceted Investment Opportunity
- Immediate opportunity to increase revenue as rents have fallen 32% behind greater market inflation and the current effective gross revenue remains 14% behind historical performance.
- Built-in expense reduction opportunity as new ownership will be able to immediately contest the current taxes based on their newly reset valuation.
- Well-built, amenity-rich assets available at an irreplaceable basis with the cost of similar new construction coming in well over $300,000 per unit.
Strategically Located in the Thriving Twin Cities
- Incredible proximity to downtown with a short 10-minute walk to the heart of Minneapolis.
- Trendy Loring Park location situated right next to the vibrant Loring Park, Basilica, Cathedral, and Minneapolis Sculpture Garden.
- Minneapolis-St. Paul continue to rank second in the nation in absorption as the market's housing shortage remains at 76,000 units and the development pipeline remains stagnant due to inclusionary zoning, rising labor and material costs, and the increased cost of capital.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
90/100
Walk Score ®
-
68/100
Transit Score ®
-
77/100
Bike Score ®
Location
- City Minneapolis, MN
- Neighborhood Loring Park
- Zip Code 55403
- Market Minneapolis St Paul
Points of Interest
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Bassett Creek Valley
0.74 miles
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Royalston
0.95 miles
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Warehouse District/Hennepin Avenue
1.01 miles
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Nicollet Mall
1.02 miles
-
Government Plaza
1.09 miles
-
Target Field - Platform 1
1.10 miles
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Target Field - Platform 2
1.13 miles
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Bryn Mawr
1.24 miles
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West 21st Street
1.58 miles
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Cedar-Riverside
1.61 miles
-
Speedway
0.52 miles
-
BP
0.64 miles
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Holiday
0.89 miles
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Marathon
1.12 miles
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Mobil
1.26 miles
-
Shell
1.59 miles
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Bobby and Steve's Auto World
1.67 miles
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ChargePoint
1.97 miles
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Greenlots
2.67 miles
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Tesla Supercharger
3.72 miles
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110 Grant Apartments Visitor Parking
0.25 miles
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110 Grant Apartments Resident Parking
0.29 miles
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Vineland Place Ramp
0.29 miles
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Loring Parking Ramp
0.32 miles
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Marquette Parking Ramp
0.57 miles
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Leaning Tower Parking Lot
0.58 miles
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Leamington Municipal Ramp
0.67 miles
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Minneapolis Impound Lot
0.75 miles
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Hawthorne Transportation Center
0.76 miles
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300 Clifton
0.09 miles
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Hyatt Regency Minneapolis
0.38 miles
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Millennium Hotel
0.39 miles
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DoubleTree Suites by Hilton Hotel Minneapolis
0.53 miles
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Hotel Ivy, a Luxury Collection Hotel, Minneapolis
0.61 miles
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Holiday Inn Express Minneapolis Downtown Convention Center
0.64 miles
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Hilton Minneapolis
0.64 miles
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The Chambers Hotel
0.67 miles
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Hilton Garden Inn Minneapolis Downtown
0.71 miles
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Minneapolis International Hostel
0.72 miles
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Oak Grove Grocery
0.11 miles
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Wedge Co-Op
0.47 miles
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Lunds & Byerlys
0.50 miles
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Evergreen Grocery & Deli
0.52 miles
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Hark's Food Market
0.66 miles
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Target
0.67 miles
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Truong Thanh Grocery Store
0.81 miles
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ALDI
0.86 miles
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PURIS
0.87 miles
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Union 73
0.89 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
