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Multifamily Apartment Building
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2005 FRONTAGE RD N, Waite Park, MN 56387

For-sale apartment building offering residential income ownership at a Frontage Road address in Waite Park, Minnesota.

Property Size464 SF
Price / SF$5,926
Days on Market63

Property Features for 2005 FRONTAGE RD N

General Information

Standard status Active
Size 464 SF
Property subtype Multifamily

Building Details

Year Built 2023
Units 9
Listing Agency: Michel Commercial Real Estate International
Listed By: Phil Reesnes · License #MN
Source: Crexi
Added: Jun 10 Changed: Aug 8 Last Checked: Jun 20 at 10:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michel Commercial Real Estate International

Investment Insights

Based on property information with market context.

This property is a multifamily apartment building categorized as residential income property, currently offered for sale. The available information does not specify the number of units, building layout, or interior/exterior features, so due diligence will be needed to confirm operating details and any potential tenant-readiness items.

The building is located at 2005 Frontage Rd N in Waite Park, Minnesota. Access and frontage details beyond the provided address are not included in the current record.

For buyers or brokers evaluating residential income acquisitions, this asset can be reviewed as an apartment-style multifamily investment opportunity based on the property’s classification and sale status. Prospective purchasers should request offering materials and verify unit count, current condition, and any existing leases or rent roll information prior to underwriting. If you’d like, share what you’re looking for in terms of unit configuration or business plan, and the listing can be aligned with the appropriate follow-up documentation.

Key Highlights

  • Apartment building built in 2023
  • For‑sale apartment building at a Frontage Road address in Waite Park, Minnesota
  • Residential income ownership listed for sale

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Pharmacy Kitchen & Bath Showroom HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store

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

179
Businesses Nearby

Demographics for 56387, MN

7,715
Population
3,460
Households
2.2
Avg Household Size
35
Median Age
19%
College-Educated
87%
High-School Grad
8.9 sq mi
ZIP Area
867
Density / Sq Mi
$57,387
Median Household Income
$36,511
Median Earnings
$1,072
Median Rent
$230,500
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 - For-sale apartment building offering residential income ownership at a Frontage Road address in Waite Park, Minnesota.
Where is this apartment building located?
The property is located at 2005 FRONTAGE RD N Waite Park, MN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Apartment building built in 2023; For‑sale apartment building at a Frontage Road address in Waite Park, Minnesota; Residential income ownership listed for sale
More about this property
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