23-Unit Multifamily Apartment
2009 Commerce Boulevard Mound, MN 55364
For Sale
Contact for pricing
Two neighboring apartment buildings totaling 23 units offer 23 surface parking spaces and 15 recently renovated residences.
Property Size15,250 SF
Days on Market51
Property Features for 2009 Commerce Boulevard
General Information
- Standard status
- Active
- Size
- 15,250 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Michael Jacobs · License #MN: 40760249 CA: 01979550
Source:
Crexi
Added: Jun 4
Changed: Jul 23
Last Checked: Jul 23 at 5:04PM
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 Marcus & Millichap - Minneapolis
Investment Insights
Based on property information with market context.
Commerce Boulevard Apartments is a 23-unit multifamily community comprised of two neighboring apartment buildings built in 1964 and 1968. The property totals 23 residences, including 8 studio units and 15 one-bedroom units. Unit sizes average approximately 663 square feet, and the community reports average rents of approximately $1,152 per month. In addition, 15 of the 23 units have been recently renovated. The complex is set on a combined 0.57-acre site and includes 23 surface parking spaces for residents.
The property is located at 2009 & 2017 Commerce Boulevard in Mound, Minnesota, just off Lake Minnetonka’s Harrison Bay, supporting a residential setting with convenient access to area outdoor recreation and walkable access to downtown Mound.
For buyers seeking a manageable, in-place multifamily asset, Commerce Boulevard Apartments offers an efficient studio/one-bedroom mix and tangible near-term improvements through the renovated unit inventory.
The property is located at 2009 & 2017 Commerce Boulevard in Mound, Minnesota, just off Lake Minnetonka’s Harrison Bay, supporting a residential setting with convenient access to area outdoor recreation and walkable access to downtown Mound.
For buyers seeking a manageable, in-place multifamily asset, Commerce Boulevard Apartments offers an efficient studio/one-bedroom mix and tangible near-term improvements through the renovated unit inventory.
Key Highlights
- 23‑unit multifamily community at 2009 & 2017 Commerce Boulevard, Mound, MN
- Two neighboring apartment buildings built in 1964 and 1968 on a combined 0.57‑acre site
- Unit mix includes 8 studio units and 15 one‑bedroom units
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two neighboring apartment buildings totaling 23 units offer 23 surface parking spaces and 15 recently renovated residences.
Where is this apartment building located?
The property is located at 2009 Commerce Boulevard Mound, MN.
What are key features of this property?
This property features: 23‑unit multifamily community at 2009 & 2017 Commerce Boulevard, Mound, MN; Two neighboring apartment buildings built in 1964 and 1968 on a combined 0.57‑acre site; Unit mix includes 8 studio units and 15 one‑bedroom units
