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Riverview Lofts 2005 Frontage Rd N 16 Unit Apartment Building For Sale Waite Park, MN 56387
Investment Highlights
- Strong Occupancy
- Supply Constrained Submarket
- Connectivity to Employment and Recreation
Executive Summary
Michel Commercial is pleased to present Riverview Lofts, a newly constructed 16-home located in Waite Park, Minnesota. Built in 2023, the property offers investors the opportunity to acquire a modern, low-maintenance asset within one of Central Minnesota’s strongest retail and employment corridors. Riverview Lofts features contemporary finishes, efficient floor plans, and strong appeal to today’s renter demographic.
LOCATION & CONNECTIVITY
Riverview Lofts is ideally positioned near the heart of the Saint Cloud metro’s primary retail corridor. Residents enjoy immediate access to shopping, dining, entertainment, and major employers throughout Waite Park and Saint Cloud. Convenient access to Interstate 94 and Highway 15 provides seamless regional connectivity throughout Central Minnesota.
INVESTMENT POTENTIAL
Riverview Lofts presents a compelling opportunity to acquire a stabilized, newly built multifamily asset with limited near-term capital needs. Demand for modern rental housing within the Saint Cloud market continues to remain strong, positioning the property for long-term occupancy stability and consistent rental performance.
LOCATION & CONNECTIVITY
Riverview Lofts is ideally positioned near the heart of the Saint Cloud metro’s primary retail corridor. Residents enjoy immediate access to shopping, dining, entertainment, and major employers throughout Waite Park and Saint Cloud. Convenient access to Interstate 94 and Highway 15 provides seamless regional connectivity throughout Central Minnesota.
INVESTMENT POTENTIAL
Riverview Lofts presents a compelling opportunity to acquire a stabilized, newly built multifamily asset with limited near-term capital needs. Demand for modern rental housing within the Saint Cloud market continues to remain strong, positioning the property for long-term occupancy stability and consistent rental performance.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 16 | Lot Size | 2.08 AC |
| Property Type | Multifamily | Building Size | 12,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built | 2023 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 704 |
| 2+1 | 4 | - | 941 |
| 2+2 | 6 | - | 985 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 98.60568.0050 | Improvements Assessment | $137,200 |
| Land Assessment | $49,700 | Total Assessment | $186,900 |
Property Taxes
Parcel Number
98.60568.0050
Land Assessment
$49,700
Improvements Assessment
$137,200
Total Assessment
$186,900
Contacts
-
Ukee Dozier -
Peter Michel -
Phil Reesnes -
Jesse Thurston -
Heidi Addo -
Stacie Mugazia -
Michel Commercial Real Estate
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