The Dylan Apartments — Sale in Saint Michael, MN

  • Price: $150K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Saint Michael, MN 55376
  • Size: 817 SF
  • Year built: 2023

Photos

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Investment Figures

Price per square foot
$184

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas, Inc. ("JLL") a licensed real estate broker, is pleased to present Dylan Apartments, an 82-home luxury apartment community located in St. Michael, MN, a thriving Twin Cities suburb within the Northwest submarket. The property is a 2023-built community situated just off I-94, presenting unmatched connectivity to many nearby amenities in addition to the greater Twin Cities. Dylan offers a variety of sought-after floor plans from spacious studios to three-bedroom homes, boasting a spacious average unit size of 817 SF. The property offers best-in-market living including luxe interior finishes and a comprehensive amenity package, creating a modern oasis for its residents all at an accessible monthly rate. Dylan's location in St. Michael provides prime access to nearby retail options, a strong St. Michael-Albertville public school district, and top local employers such as Boston Scientific, Cretex Companies, and North Memorial Health, along with regional names such as Target Corporation and Medtronic to the south. Moreover, the asset is in immediate proximity to an unrivaled set of entertainment and recreational venues including Lake Maria State Park, Fox Hollow Golf Club, a charming downtown area, excellent local dining and shopping, and an extensive parks and trails system. St. Michael's high quality of life, strong schools, and smalltown charm have driven 38% population growth since 2010. Average household incomes surpass $150,000, providing an ample rent cushion relative to current rent levels at the asset. These demand drivers, coupled with zero impending supply in the immediate future, position this investment to capture substantial upside in the near term. Offered for sale by its original developer and free and clear of existing debt, JLL invites offers from qualified investors who are interested in this prestigious asset.

Market Context

This multifamily in Saint Michael, MN is listed for sale at $150,000 across 817 SF. The building dates to 2023. Compare it against other multifamily listings for sale in Saint Michael, MN — view the full market.

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