Log In/Sign Up
Your email has been sent.
Silver Lake Crossing 28 7th St NE 112 Unit Apartment Building $26,500,000 ($236,607/Unit) Rochester, MN 55906
Investment Highlights
- New construction & new-to-market
- Highly amenitized
- Desirable location - high walkability and bikeability score, easy access to retail and local employers
- Strong lease-up success thus far
Executive Summary
Silver Lake Crossing presents a rare opportunity to acquire new-construction multifamily housing in Rochester, MN—just 1.5 miles from the globally renowned Mayo Clinic. This 112-unit, market-rate community is ideally positioned along Silver Lake with exceptional walk and bike scores (82 and 86), offering residents direct access to trails, parks, and downtown amenities. Currently in lease-up, the property is poised to benefit from strong tenant demand driven by Rochester’s expanding healthcare and innovation economy.
Mayo Clinic’s $5 billion Bold. Forward. Unbound. initiative is transforming its downtown campus and reaffirming its long-term commitment to Rochester as a global destination for health and research. As one of the few new multifamily assets to come to market in this high-barrier-to-entry city, Silver Lake Crossing offers investors immediate scale, long-term growth potential, and a front-row seat to Rochester’s next chapter.
Mayo Clinic’s $5 billion Bold. Forward. Unbound. initiative is transforming its downtown campus and reaffirming its long-term commitment to Rochester as a global destination for health and research. As one of the few new multifamily assets to come to market in this high-barrier-to-entry city, Silver Lake Crossing offers investors immediate scale, long-term growth potential, and a front-row seat to Rochester’s next chapter.
Data Room Click Here to Access
Property Facts
| Price | $26,500,000 | Building Class | B |
| Price Per Unit | $236,607 | Lot Size | 1.05 AC |
| Sale Type | Investment | Building Size | 112,000 SF |
| No. Units | 112 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $26,500,000 |
| Price Per Unit | $236,607 |
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.05 AC |
| Building Size | 112,000 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.57/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Oven
- Stainless Steel Appliances
- Range
- Window Coverings
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Property Manager on Site
- Breakfast/Coffee Concierge
- Car Wash Area
- Disposal Chutes
- Gameroom
- Grill
- Wheelchair Accessible
- Media Center/Movie Theatre
- Pet Play Area
- Walking/Biking Trails
- Storage Space
- Car Charging Station
- Community-Wide WiFi
- Elevator
- Maintenance on site
- Private Bathroom
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 45 | $1,345 | 498 |
| 1+1 | 31 | $1,678 | 656 - 724 |
| 2+2 | 36 | $2,325 | 987 - 1,080 |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 74.35.14.087645 | Improvements Assessment | $1,276,400 |
| Land Assessment | $274,300 | Total Assessment | $1,550,700 |
Property Taxes
Parcel Number
74.35.14.087645
Land Assessment
$274,300
Improvements Assessment
$1,276,400
Total Assessment
$1,550,700
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Silver Lake Crossing | 28 7th St NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.