Marcus & Millichap

Michael Ahles


Michael Ahles has been involved in the Twin Cities commercial real estate arena since 1999. His legal, management, and sales background uniquely qualifies him to provide the highest level of service to his clients that is delivered with integrity and professionalism. He specializes in office & industrial sales and land redevelopment in Minneapolis, Saint Paul and surrounding communities. 
In the past three years Mr. Ahles has closed over $60 million of investment property sales.

Michael Ahles

Michael Ahles

Senior Associate
Tel: (952) 852-9718
Fax: (952) 852-9710

License:  MN  20324981

National Association of Industrial & Office Properties

Member - National Office and Industrial Properties Group

Promoted to Senior Associate in June, 2014
Michael Ahles is a top producing agent for the Minneapolis Marcus & Millichap firm.

Promoted Senior Associate in 2014


Office Broker, Saint Paul and Minneapolis, MN
Office Broker, Minneapolis, MN
Michael Ahles is well-versed on all aspects of office, industrial and land development market conditions, capital markets and economic trends affecting Minneapolis, Saint Paul and the surrounding Twin Cities market. Mr. Ahles creates successful business relationships by fulfilling his client's needs using research, negotiation, advisory services and representation as an office broker, industrial broker, and land broker.

Transactions Closed

  • Westwood III

    Westwood III


    Eden Prairie, MN
    Price: $3,500,000
    Size: 51,940 sqft

  • Smarte Carte

    Smarte Carte

    Single-Tenant Office

    White Bear Lake, MN
    Price: $3,700,000
    Size: 55,784 sqft
    Cap Rate: 7.17%

  • Two Appletree Square

    Two Appletree Square


    Bloomington, MN
    Price: $3,950,000
    Size: 100,681 sqft
    Cap Rate: 7.75%

  • Oak Ridge Centre

    Oak Ridge Centre


    White Bear Lake, MN
    Price: $3,350,000
    Size: 23,641 sqft
    Cap Rate: 6.13%

  • Dakota Building

    Dakota Building


    Bismarck, ND
    Price: $5,350,000
    Size: 112,998 sqft

  • Acqua Restaurant

    Acqua Restaurant

    Net Leased Restaurant

    White Bear Lake, MN
    Price: $1,300,000
    Size: 4,570 sqft
    Cap Rate: 7.23%

  • Custer Heights

    Custer Heights


    Milwaukee, WI
    Price: $6,200,000
    Size: 96,200 sqft
    Size: 74 units
    Cap Rate: 7.05%

  • Acqua Restaurant

    Acqua Restaurant

    Net Leased Restaurant

    Forest Lake, MN
    Price: $2,000,000
    Size: 7,078 sqft
    Cap Rate: 7.68%

  • Federal Plaza

    Federal Plaza

    Office Vacant/User

    Minneapolis, MN
    Price: $1,000,000
    Size: 39,884 sqft

  • Bellevue Retail Center

    Bellevue Retail Center

    Shopping Strip

    Bellevue, WI
    Price: $2,550,000
    Size: 9,200 sqft
    Cap Rate: 7.95%

  • Ohio Commerce Center

    Ohio Commerce Center

    Industrial Warehouse

    Warren, OH
    Price: $2,000,000

  • 76th and Good Hope Grocery-Anchored Retail Cente

    76th and Good Hope Grocery-Anchored Retail Cente

    Shopping Strip

    Milwaukee, WI
    Price: $1,917,202
    Size: 8,498 sqft
    Cap Rate: 9.14%

  • Madison Ave Commercial Building

    Madison Ave Commercial Building


    Mankato, MN
    Price: $1,857,000
    Size: 20,550 sqft
    Cap Rate: 9.09%

  • 1790 Washington Ave S

    1790 Washington Ave S

    Industrial Office Warehouse

    Stillwater, MN
    Price: $1,815,000
    Size: 19,250 sqft
    Cap Rate: 9.68%

  • Main Street Village

    Main Street Village

    Shopping Strip

    New Brighton, MN
    Price: $3,240,000
    Size: 21,045 sqft
    Cap Rate: 8.24%

  • Institutional Redevelopment Site-UTEC

    Institutional Redevelopment Site-UTEC

    Land - Multi-Family

    Minneapolis, MN
    Price: $12,975,000
    Size: 157,921 sqft
    Size: 03 units

  • CVS


    Net Leased Drug Store

    Fredericksburg, VA
    Price: $8,350,000
    Size: 11,886 sqft
    Cap Rate: 6.64%

  • Snelling Avenue Land

    Snelling Avenue Land

    Land - Commercial

    Saint Paul, MN
    Price: $1,500,000
    Size: 40,511 sqft

  • Point Self-Stor

    Point Self-Stor

    Self-Storage Facility

    Madison, WI
    Price: $5,850,000
    Size: 420 units

  • Burger King

    Burger King

    Net Leased Restaurant

    Brooklyn Park, MN
    Price: $1,475,000
    Size: 4,500 sqft
    Cap Rate: 7.83%

  • Applebee's Bar & Grill

    Applebee's Bar & Grill

    Net Leased Restaurant

    Brooklyn Park, MN
    Price: $750,000
    Size: 6,000 sqft

  • 1855 80th Street

    1855 80th Street

    Office Vacant/User

    Victoria, MN
    Price: $200,000
    Size: 2,640 sqft

  • CVS


    Net Leased Drug Store

    Fredericksburg, VA
    Price: $6,452,858
    Size: 11,886 sqft
    Cap Rate: 8.60%

  • 3090 Courthouse Lane

    3090 Courthouse Lane

    Shopping Neighborhood

    Eagan, MN
    Price: $1,416,000
    Size: 9,723 sqft
    Cap Rate: 9.32%

  • BlueLine Rental (Formerly Volvo Rents)

    BlueLine Rental (Formerly Volvo Rents)

    Single-Tenant Industrial

    Madison, WI
    Price: $1,000,000
    Size: 9,323 sqft
    Cap Rate: 8.71%

  • Marion Park Apartments

    Marion Park Apartments


    Saint Paul, MN
    Price: $1,665,000
    Size: 23,675 sqft
    Size: 35 units

  • 969 Smith Avenue South

    969 Smith Avenue South


    West St. Paul, MN
    Price: $445,000
    Size: 6,750 sqft
    Size: 11 units
    Cap Rate: 10.18%

  • 2253 Waters Dr

    2253 Waters Dr

    Office (Lease Transaction)

    Mendota Heights, MN
    Price: $16,612

  • The Pines I & II

    The Pines I & II


    Zimmerman, MN
    Price: $5,168,000
    Size: 52,850 sqft
    Size: 64 units
    Cap Rate: 6.85%

  • Cobblehill Apartments

    Cobblehill Apartments


    Bloomington, MN
    Price: $4,716,000
    Size: 26,630 sqft
    Size: 36 units
    Cap Rate: 3.80%

In The News

  • Ahles sells Office for 6.13% Cap Rate

    White Bear Lake Office Sale

    Read More

    STNL Industrial Sale

    Ahles sells SmarteCarte building in competitive White Bear Lake market.

    Read More

    Marcus & Millichap sells pair of STNL Restuarants

    Acqua Restaurants Sale

    Read More
  • Federal Plaza Downtown Minneapolis

    Read More

    100,631 SF Bloomington, MN Office sells

    Read More

    St. Paul Apartment Building

    Read More
  • Dakota Building - Wells Fargo Anchored Office building.

    Read More

    Stillwater 19,000 SF Industrial Building sale

    Read More

    Student Housing U of M

    Read More
  • Bellevue, WI sale

    Read More

    Starbucks Anchored

    Read More

    Eagan Retail Sale

    Read More