Building Details

Buildings 1

Listing Agency: Century 21 Dickinson Realtors

Listed By: Bill Oakes · License #MN

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 30 at 5:14PM

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Investment Insights

Based on property information with market context.

This 12-unit apartment building includes coin-operated laundry and individual garage stalls available to residents. Units have received regular updates as vacancies occur, supporting ongoing property maintenance across the building.

The property is located at 1006 Patricia Ln NW in Bagley, Minnesota, with frontage on State Hwy 92. Access is available from Patricia Ln, connecting to Lake Lamond Dr and Main Ave, also designated Hwy 92.

Key Highlights

• 12‑unit apartment building
• Regular unit updates completed as apartments become vacant
• Coin‑operated laundry on the property

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service Real Estate Agency Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Lease Details

12

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

106

Businesses Nearby

Explore this area Business Placement

Demographics for 56621, MN

4,407

Population

2,149

Households

2.1

Avg Household Size

42

Median Age

19%

College-Educated

90%

High-School Grad

321.4 sq mi

ZIP Area

14

Density / Sq Mi

$63,750

Median Household Income

$39,524

Median Earnings

$736

Median Rent

$176,700

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 - Apartment property with refreshed units, coin-operated laundry, and available individual garage stalls.

Where is this apartment building located?

The property is located at 1006 Patricia Ln NW Bagley, MN.

What are key features of this property?

This property features: 12‑unit apartment building; Regular unit updates completed as apartments become vacant; Coin‑operated laundry on the property