Investment Overview

Marcus and Millichap is pleased to present North Branch Apartments located in North Branch, Minnesota. Constructed in 1976, North Branch Apartments is composed of two 8-unit buildings situated next to each other on the corner of Oakview Avenue and Maple Street. The property offers 16 Two-bedroom/One-bathroom units averaging approximately 750 square feet. North Branch Apartments is equipped with two laundry facilities, balconies/patios, and private off-street parking. North Branch is a city located 27 miles north of Forest Lake and 17 miles west of Cambridge. With a population of over 11,000 residents, it has a growing economy with several thriving industries including: light manufacturing, small food processing, logistics/distribution center, retail, healthcare, and general commercial. Some major employers include: Fairview Health Services: Provides a wide range of medical services to residents of North Branch and surrounding communities. Fairview Health Services has over 30,000 employees hired across their network. North Branch Area Public Schools: Serves roughly 3,000 students and employs more than 350 teachers and staff members. Walmart: Employs over 200 people. Polaris Industries: A leading manufacturer of off-road vehicles, snowmobiles, and motorcycles. The company operates a manufacturing plant in North Branch that employs more than 500 people. North Branch Apartments is being offered for sale on a free-and-clear basis.