Map of Property

Oak Grove Portfolio

215 & 330 Oak Grove St, Minneapolis, MN 55403

  • For Sale Contact for pricing
  • Property Type Other
  • Lot Size 0.55 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 21, 2024

Colliers is pleased to present for sale The Oak Grove Portfolio, a 424-unit apartment portfolio located in the Lorign Park neighborhood of Minneapolis, MN. The Oak Grove Portfolio features properties at 215 Oak Grove and 330 Oak Grove, offering a premier urban experience on the outskirts of downtown Minneapolis.

​​​​​​​​​​​​​Multifaceted Investment Opportunity​​​​​​​

  • Immediate opportunity to increase revenue as rents have fallen 32% behind greater market inflation and the current effective gross revenue remains 14% behind historical performance.
  • Built-in expense reduction opportunity as new ownership will be able to immediately contest the current taxes based on their newly reset valuation.
  • Well-built, amenity-rich assets available at an irreplaceable basis with the cost of similar new construction coming in well over $300,000 per unit.


Strategically Located in the Thriving Twin Cities​​​​​

  • Incredible proximity to downtown with a short 10-minute walk to the heart of Minneapolis.
  • Trendy Loring Park location situated right next to the vibrant Loring Park, Basilica, Cathedral, and Minneapolis Sculpture Garden.
  • Minneapolis-St. Paul continue to rank second in the nation in absorption as the market's housing shortage remains at 76,000 units and the development pipeline remains stagnant due to inclusionary zoning, rising labor and material costs, and the increased cost of capital.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Mox Gunderson

broker

Devon Dvorak

broker

Adam Haydon

broker

Dan Linnell

Location

Getting Around

  • Walk Score ®

    90/100 Walker's Paradise

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    77/100 Very Bikeable
Powered by Walk Score ®
  • City Minneapolis, MN
  • Neighborhood Loring Park
  • Zip Code 55403
  • Market Minneapolis St Paul

Points of Interest

  • Bassett Creek Valley

    0.74 miles

  • Royalston

    0.95 miles

  • Warehouse District/Hennepin Avenue

    1.01 miles

  • Nicollet Mall

    1.02 miles

  • Government Plaza

    1.09 miles

  • Target Field - Platform 1

    1.10 miles

  • Target Field - Platform 2

    1.13 miles

  • Bryn Mawr

    1.24 miles

  • West 21st Street

    1.58 miles

  • Cedar-Riverside

    1.61 miles

  • Speedway

    0.52 miles

  • BP

    0.64 miles

  • Holiday

    0.89 miles

  • Marathon

    1.12 miles

  • Mobil

    1.26 miles

  • Shell

    1.59 miles

  • Bobby and Steve's Auto World

    1.67 miles

  • ChargePoint

    1.97 miles

  • Greenlots

    2.67 miles

  • Tesla Supercharger

    3.72 miles

  • 110 Grant Apartments Visitor Parking

    0.25 miles

  • 110 Grant Apartments Resident Parking

    0.29 miles

  • Vineland Place Ramp

    0.29 miles

  • Loring Parking Ramp

    0.32 miles

  • Marquette Parking Ramp

    0.57 miles

  • Leaning Tower Parking Lot

    0.58 miles

  • Leamington Municipal Ramp

    0.67 miles

  • Minneapolis Impound Lot

    0.75 miles

  • Hawthorne Transportation Center

    0.76 miles

  • 300 Clifton

    0.09 miles

  • Hyatt Regency Minneapolis

    0.38 miles

  • Millennium Hotel

    0.39 miles

  • DoubleTree Suites by Hilton Hotel Minneapolis

    0.53 miles

  • Hotel Ivy, a Luxury Collection Hotel, Minneapolis

    0.61 miles

  • Holiday Inn Express Minneapolis Downtown Convention Center

    0.64 miles

  • Hilton Minneapolis

    0.64 miles

  • The Chambers Hotel

    0.67 miles

  • Hilton Garden Inn Minneapolis Downtown

    0.71 miles

  • Minneapolis International Hostel

    0.72 miles

  • P.S. Steak

    0.16 miles

  • Eggy's

    0.19 miles

  • Lotus Restaurant Minneapolis

    0.24 miles

  • Café & Bar Lurcat

    0.28 miles

  • Mother Clucker's Pizza

    0.29 miles

  • Muffin Top Cafe

    0.29 miles

  • Gai Noi

    0.29 miles

  • Ping's

    0.33 miles

  • The Nicollet Diner

    0.36 miles

  • MPLS Market

    0.38 miles

  • Emerson Elementary School

    0.19 miles

  • Minneapolis Community & Technical College

    0.37 miles

  • Dunwoody College of Technology

    0.50 miles

  • The Blake School - Northrup Campus

    0.50 miles

  • Learning in Style

    0.55 miles

  • University of St. Thomas

    0.57 miles

  • Blind Inc.

    0.59 miles

  • Waldorf School

    0.63 miles

  • City of Lakes Waldorf School

    0.63 miles

  • Wellstone International High School

    0.64 miles

  • Academia Elze Spanish Immersion Early Learning Center

    0.39 miles

  • Child Garden Montessori

    0.44 miles

  • New Horizon Academy

    0.46 miles

  • Central Care for Children

    0.50 miles

  • Lucky Stars Child Care Services

    0.95 miles

  • Summit Early Learning Center

    1.20 miles

  • Grandma's House Children's Center

    1.50 miles

  • Hooyo Child Care Center

    2.10 miles

  • Sunshine Tree Child Development

    2.41 miles

  • Perfect Balance Child Care

    2.46 miles

Frequently Asked Questions

How much does Oak Grove Portfolio cost?

The sale price for Oak Grove Portfolio is available upon request. Contact the listing broker for more information.

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Contact Oak Grove Portfolio