1502 Laurel Ave W Minneapolis, MN 55403

Bowler Lofts presents an opportunity to acquire a fully stabilized, 66-unit historic apartment community situated in a highly walkable area of Minneapolis. Originally constructed in 1893 and renovated in 2021, the property combines classic architectural elements with modern interior finishes. The apartments feature high ceilings, large windows, quartz countertops, stainless steel appliances, and updated fixtures. The unit mix includes studios and one-bedroom apartments, averaging 594 square feet. The property benefits from strong in-place rents and full occupancy. Residents have access to amenities such as a lounge and coffee bar, a dog run and pet wash, bike storage, controlled access, and package management. Located near downtown Minneapolis, the property offers convenient access to major employment centers, public transit, dining, parks, and entertainment. The property is positioned as a high-demand rental asset in an urban submarket with constrained supply. Loring Park, one of Minneapolis’s largest and most vibrant urban parks, features a central lake, walking and biking trails, and year-round recreational amenities. The neighborhood hosts annual events such as Twin Cities Pride, the Loring Park Art Fair, and Holidazzle, and provides access to dining, entertainment, and cultural attractions. Nearby attractions include the Walker Art Center and Minneapolis Sculpture Garden, as well as the Basilica of St. Mary. The area includes a mix of restaurants, green space, and community-focused amenities. Located southwest of the Downtown Minneapolis Central Business District, the property benefits from proximity to over 160,000 jobs and major employers including Target, Wells Fargo, and U.S. Bancorp. Residents have convenient access to the METRO Blue and Green Lines, major sports venues, the Theater District, and the Mississippi riverfront. The property size is 90156 square feet.