Building Details

Year Built 1979

Year Renovated 2023

Buildings 5

Stories 2

Units 44

Listing Agency: Coldwell Banker Commercial Realty

Listed By: Cathy Fox · License #AZ690971000

Source: Crexi

Added: May 25, 2024 Changed: Aug 14 Last Checked: Aug 13 at 2:58PM

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Investment Insights

Based on property information with market context.

This portfolio features 5 properties located on the same block, comprising a total of 44 units. The unit mix includes 30 two-bedroom, 6 one-bedroom, and 8 three-bedroom apartments. Recent capital investments exceeding $250,000 (2024/2025) have been allocated to improvements, including flooring and appliance upgrades. The properties are located just off I-90, 20 miles East of Rochester. Rochester's multifamily demand is supported by its position as a healthcare hub centered around the Mayo Clinic, and the Destination Medical Center (DMC) initiative. The location benefits from proximity to the Mayo Clinic School of Medicine and the University of Minnesota Rochester. The properties are a 30-minute commute to Winona, known for its universities and Mississippi River attractions, and Rochester, the second-largest city in Minnesota, offering shopping, dining, entertainment, and the Mayo Clinic. The properties have historically low occupancy rates, and the lack of rental property in a 25 mile radius supports rent increases.

Key Highlights

• Portfolio of 5 properties on the same block with a diverse mix of 44 units.
• Located 20 miles East of Rochester, a healthcare hub.
• Recent capital investments of over $250,000 in flooring and appliance upgrades.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Grocery & Convenience Store Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

272

Businesses Nearby

Explore this area Business Placement

Demographics for 55972, MN

5,265

Population

2,134

Households

2.5

Avg Household Size

36

Median Age

33%

College-Educated

93%

High-School Grad

88.3 sq mi

ZIP Area

60

Density / Sq Mi

$97,500

Median Household Income

$49,482

Median Earnings

$942

Median Rent

$256,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Portfolio of 5 properties with 44 units near Rochester.

Where is this apartment building located?

The property is located at 1097 1160 1112 1224 & 1260 Oakview DR. St Charles, MN.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Portfolio of 5 properties on the same block with a diverse mix of 44 units.; Located 20 miles East of Rochester, a healthcare hub.; Recent capital investments of over $250,000 in flooring and appliance upgrades.