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$4,400,000
Est. payment /mo
6.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7139837
Year Built 1970
Annual Tax Amount $6,756
Tax Year 2026
Contingent None
Lot Size 6.270 Acres
Lot Dimensions 540x600
Property Description
Nature's Edge Apartments offers the opportunity to acquire an 88-unit market-rate multifamily community in Morris, Minnesota, approximately two miles from the University of Minnesota Morris. The five-building property is situated on approximately 6.27 acres and was substantially renovated in 2002. The unit mix includes 64 one-bedroom, 16 two-bedroom, and 8 three-bedroom apartments. Property amenities include laundry facilities in each building, a fitness center, community space, playground, green space, and surface parking. Potential value-add opportunities include rental of the office apartment, improvements or alternative use of community space, parking enhancements, potential garage development, and a conceptual land split.
Location
State MN
County Stevens
Zoning Residential-Multi-Family
Rooms
Family Room Community Room, Exercise Room
Interior
Heating Hot Water
Cooling Wall Unit(s)
Inclusions Building, Fixture/Equipment, Land, Leases
Fireplace No
Exterior
Parking Features Detached Garage, Parking Lot
Garage Spaces 2.0
Pool None
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Rubber
Present Use Residential
Building
Story Two
Foundation 28831
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Morris Area
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Listed by Tom Sanquist • Granite City Real Estate
Nearby School & Business
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