Four-Property Apartment Building
For Sale
Contact for pricing
Pending
8213 College Trail, Inver Grove Heights, MN 55076
Four professionally managed communities offer varied floor plans, resident amenities, and access to colleges, employers, parks, and major roads.
Property SizeContact for details
Days on Market144
Property Features for 8213 College Trail
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Michael Jacobs · License #MN: 40760249 CA: 01979550
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Sep 1 at 11:12AM
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.
This apartment building portfolio includes four professionally managed communities in Inver Grove Heights, Saint Paul, Fridley, and Coon Rapids, Minnesota. The assets comprise 60 units at The Commons, 53 units at Phalen Shores, 77 units at Highland Park, and 60 units at Crest Oak. Unit offerings include one-, two-, and three-bedroom layouts, with select two-plus-den, four-bedroom, bedroom-leased, and townhome-style configurations. Property amenities across the portfolio include fitness centers, resident lounges, community areas, patios, laundry facilities, controlled access, parking, garages, maintenance, and management services.
The properties provide varied surrounding contexts, including proximity to Inver Hills Community College, Highway 55, US-52, Interstate 694, Mercy Hospital - Unity Campus, Medtronic, the Mississippi River, Highway 10, and Lake Phalen park land. Physical improvements include renovated interiors at The Commons, a five-story red brick building at Phalen Shores, and a 1972-built community at Crest Oak. The Commons occupies 5 acres with over 60-thousand rentable square feet, while Crest Oak spans 3.93 acres and contains 47,150 rentable square feet. The properties may be acquired individually or together.
The properties provide varied surrounding contexts, including proximity to Inver Hills Community College, Highway 55, US-52, Interstate 694, Mercy Hospital - Unity Campus, Medtronic, the Mississippi River, Highway 10, and Lake Phalen park land. Physical improvements include renovated interiors at The Commons, a five-story red brick building at Phalen Shores, and a 1972-built community at Crest Oak. The Commons occupies 5 acres with over 60-thousand rentable square feet, while Crest Oak spans 3.93 acres and contains 47,150 rentable square feet. The properties may be acquired individually or together.
Key Highlights
- Four apartment communities in Inver Grove Heights, Saint Paul, Fridley, and Coon Rapids, MN
- Unit counts of 60 at The Commons, 53 at Phalen Shores, 77 at Highland Park, and 60 at Crest Oak
- The Commons: 5 acres and over 60‑thousand rentable square feet; built in 1987
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 55076, MN
21,624
Population
9,525
Households
2.3
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
9.9 sq mi
ZIP Area
2,184
Density / Sq Mi
$98,026
Median Household Income
$55,557
Median Earnings
$1,340
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four professionally managed communities offer varied floor plans, resident amenities, and access to colleges, employers, parks, and major roads.
Where is this apartment building located?
The property is located at 8213 College Trail Inver Grove Heights, MN.
What are key features of this property?
This property features: Four apartment communities in Inver Grove Heights, Saint Paul, Fridley, and Coon Rapids, MN; Unit counts of 60 at The Commons, 53 at Phalen Shores, 77 at Highland Park, and 60 at Crest Oak; The Commons: 5 acres and over 60‑thousand rentable square feet; built in 1987
