Listing Agency: Century 21 First Realty Alexandria

Listed By: Mark Adams · License #MN

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 9:35AM

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Investment Insights

Based on property information with market context.

This six-unit apartment building at 701 2nd Street in Henning, Minnesota, features a range of recent property improvements, including new windows, exterior siding, roofing, and flooring. The building has an established rental history and is described as well maintained.

The property is reached from MN 210 and MN 108 via 2nd Street. Nearby amenities identified for the property include a cafe, fire station, grocery store, and gas stations. Unit 5 may be viewed by appointment without 24-hour notice; showings for the remaining units require 24-hour notice.

Key Highlights

• Six‑unit apartment building with established rental history
• New windows, siding, roof, and flooring
• Well‑maintained multifamily property

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Auto Parts Store Garden Center Furniture & Home Goods Grocery & Convenience Store (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.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

149

Businesses Nearby

Explore this area Business Placement

Demographics for 56551, MN

2,256

Population

1,385

Households

1.6

Avg Household Size

46

Median Age

25%

College-Educated

93%

High-School Grad

105.2 sq mi

ZIP Area

21

Density / Sq Mi

$63,750

Median Household Income

$37,857

Median Earnings

$733

Median Rent

$224,100

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 - Updated building with new windows, siding, roofing, and flooring throughout the property.

Where is this apartment building located?

The property is located at 701 2nd Street Henning, MN.

What are key features of this property?

This property features: Six‑unit apartment building with established rental history; New windows, siding, roof, and flooring; Well‑maintained multifamily property