Champlin, MN 55316

$2,500,000

Property Type: Commercial Bedrooms: 24 Baths: 24 Lot Size (sq. ft.): 64,469 Status: Closed

Current Price: $2,500,000 List Date: 6/15/2023 Last Modified: 8/07/2025

Overview

Description

8 Unit Apartment/Townhouse style building built in 2017. Fully rented in high-demand Champlin with room to increase rents. Currently leased as apartments and all owned by the same Seller, but developed with the flexibility to become townhomes. All units have 3 bedrooms and 3 bathrooms. The floor plan layouts on these 8 units consist of the following: Main level: 2 car garage, mechanical, and foyer entrance. 2nd Floor: great room, spacious kitchen, ½ bath, and 1 of the 3 bedrooms for the interior units. 3rd floor: The 4 Interior units on the 3rd floor have 2 bedrooms additional bedrooms on the 3rd floor, 1 large bathroom, walk-in closet, and in-unit laundry. The 4 End units on the 3rd floor have all 3 bedrooms on the 3rd level including a master bedroom with an attached master bathroom and walk-in closet, another full bath, and in-unit laundry. Finished square footage from 1,665-1,779 SF per unit. This building has a total of 17,940 SF built on 1.48 acres.

Listing Details MLS# 6387838

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Owner Occupied: No
Year Built: 2017
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 17940
Garage Stalls: 16
For Sale or Lease: For Sale
Acres: 1.48
Lot Dimensions: 324x189

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: Concrete Floors & Walls; Fire Sprinkler System; In-Ground Sprinkler System; Porch Amenities Unit: Balcony; Deck; In-Ground Sprinkler; Patio; Porch; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Dryer; Freezer; Microwave; Range; Washer Basement: Slab CMU Style: Apartments/Multi Family; Low Rise Construction Status: Completed New Construction Current Use: Commercial; Residential Exterior: Brick/Stone; Shakes; Vinyl Financing Terms: Cash Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: None Lot Description: Irregular Lot On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Cable TV; Electricity; Fuel Wall Description: Drywall Water: City Water/Connected

Contract Information

Off Market Date: 2023-06-26
Closed Date: 2023-09-20
Sales Close Price: 2500000
Contingency: None
ListPrice: 2500000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

Postal City: Champlin
County: Hennepin
State: MN
Zip Code: 55316
Complex/Dev/Subdivision: Emery Village 4th Add

Assessments

Tax With Assessments: 32239.9

Building Information

Building Finished SqFt: 6240

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 21
Section#: 30
Township#: 120

Sale Options

Sale Includes: Leases, Rental License

Unit 1

Unit Number: Yes
Full Baths: 2
Half Baths: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Leased?: Yes
Lease Expiration Date: 2023-12-31

Unit 2

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 2

Unit 3

No. of 3 Bedroom Units: 8
Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 3

Unit 4

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2025-05-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 4

Unit 5

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-03-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 5

Unit 6

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 6

Unit 7

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-01-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 7

Unit 8

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2023-07-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 8

Unit Details

Total Units: 8

Listing Office: RE/MAX Results

Last Updated: August - 07 - 2025

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, Champlin, MN 55316 (MLS# 6387838)