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Minneapolis Apartment Buildings for Sale
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Apartment Buildings For Sale in Minneapolis
Minneapolis offers a mix of urban living and natural scenery, making it an appealing location for apartment buildings. The city, known as the "City of Lakes," provides a strong infrastructure to support its population of roughly 430,000. The presence of the University of Minnesota and the variety of natural features, including thirteen lakes and the Mississippi River, add to the appeal of owning apartment buildings here. An extensive public transit network, with Metro Transit and the Minneapolis–Saint Paul International Airport, adds to the ease of access, making these properties a good choice for those who value both city life and natural spaces.
The 21 apartment buildings on offer in Minneapolis serve a diverse city population. They are located close to important waterways and large public parks. The retail spaces in the city provide opportunities for commerce, with each shop adding to the lively city environment. The shopping centers integrate with Minneapolis, attracting customers from the city as well as the wider Twin Cities area. Residential income properties are available for those looking to invest in the city's solid rental market, and office spaces are available for a workforce that prefers modern amenities in the city center.
Learn About Apartment Buildings For Sale in Minneapolis
How many apartment buildings listings are available for sale in Minneapolis?
Currently, there are 21 apartment buildings listings available for sale in Minneapolis.
What factors should I consider when searching for apartment buildings for sale in Minneapolis?
When evaluating apartment buildings for sale in Minneapolis, it is essential to consider a range of factors that can impact your investment, including market trends, property specifications, and location benefits.
- Review the average price per square foot, which is currently $174, as well as the average size of listings, about 11,629 SF, to gauge market value and potential returns.
- Analyze the average capitalization rate, approximately 6.95%, to assess the potential income relative to the property price and to compare investment opportunities.
How much does it cost to buy an apartment building in Minneapolis?
The average cost to purchase an apartment building in Minneapolis varies; however, the average price per square foot for apartment buildings is $174.
What is the largest apartment building available to buy in Minneapolis?
The largest apartment building currently available for purchase in Minneapolis spans 56,967 SF.
Why is Minneapolis an ideal location for apartment buildings for sale?
Minneapolis's extensive public amenities, strong cultural presence, and status as a significant business hub create a robust demand for residential space, making it a compelling location for apartment building listings.
Apartment Buildings in Minneapolis - Size Summary
| Apartment Building Size | Square Feet |
|---|---|
| Maximum | 56,967 SF |
| Average | 11,629 SF |
| Minimum | 1,300 SF |
Apartment Buildings in Minneapolis - Cap Rate Data
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.44% |
| Average | 6.95% |
| Minimum | 4.84% |
Apartment Buildings in Minneapolis - Price
| Apartment Building Price | Price Per SF |
|---|---|
| Maximum | $333 Per SF |
| Average | $174 Per SF |
| Minimum | $55 Per SF |
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