Buying In Bloomington, MN
Sell Your Commercial Property In Bloomington, MN
We are an active buyer of Bloomington commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: South Loop · Normandale Lake · Penn American · Richfield — Hennepin County, MN
The Bloomington Market
What Drives Rentals In Bloomington
Bloomington, Minnesota is 34.3% renter: 12,879 of 37,601 occupied homes are rented, and 33.6% of housing units sit in buildings of five or more units (ACS 2020-2024). Owners who want to sell commercial property in Bloomington, MN face a 1.25% class 4a rate, Hennepin County proposed 2026 local rates near 120%, and annual rental inspections. This profile sets out those numbers, HUD's FY2027 rents and the landlord rules that shape what a buyer will pay in this Hennepin County suburb south of Minneapolis.
Mall of America tenants
Mall of America tenants employ about 11,000 people, 12% of Bloomington's 88,209 jobs, per the city's 2024 financial report.HealthPartners
HealthPartners is Bloomington's second-largest employer with 3,600 employees, per the city's 2024 annual comprehensive financial report.METRO Blue Line
The METRO Blue Line has four Bloomington stations and links the city to the airport and Downtown Minneapolis.Our Buy Box
What We Buy In Bloomington
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Bloomington Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Bloomington
Bloomington, Minnesota is 34.3% renter, with 12,879 of 37,601 occupied homes rented, per ACS 2020-2024 table B25003. Homes in buildings of five or more units make up 33.6% of its 39,261 housing units, per table B25024.
Bloomington's stock is mid-century. ACS reports 66.8% of homes built before 1980, per table B25034. The median build year is 1972, per table B25035.
Rents and affordability
Bloomington median gross rent is $1,561 a month, per ACS table B25064. Hennepin County's median is $1,487 and Minnesota's is $1,280. Renters paying 30% or more of income total 44.8%, and 21.0% pay 50% or more, per table B25070.
Under HUD FY2027 fair market rents for the Minneapolis-St. Paul-Bloomington metro area, a two-bedroom is $1,734.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,265 |
| One-bedroom | $1,427 |
| Two-bedroom | $1,734 |
| Three-bedroom | $2,264 |
| Four-bedroom | $2,538 |
Bloomington's $1,561 median sits $281 above Minnesota's, which buyers weigh when owners sell commercial real estate in Bloomington, MN.
Property taxes in Hennepin County
Apartment buildings with four or more units are class 4a, taxed at a 1.25% classification rate under Minnesota Statutes 273.13.
Hennepin County's 2026 proposed tax rate cards list Bloomington total rates of 119.679% to 129.163%, depending on school district and watershed. Bloomington School District 271 parcels run 119.679% to 121.476%.
On a $2,000,000 building, net tax capacity is $25,000. In District 271, tax is $29,920 to $30,369 before market-value-based charges.
Owners who sell commercial property in Bloomington, MN also owe Minnesota's deed tax of 0.33% of net consideration under Minnesota Statutes 287.21. That is $6,600 on $2,000,000.
Landlord rules
Bloomington inspects all rental properties annually, and at least 10% of multifamily units each year, per the city's Rental Housing Licensing and Inspection Program page. Multifamily buildings are among the types it covers.
Minnesota bars local rent control unless voters approve it at a general election, per Statute 471.9996.
Landlords must return deposits or give a written statement of withholdings within three weeks of tenancy ending, per Statute 504B.178.
What it means for an owner
Bloomington owners hold mid-century buildings, a 1.25% class 4a tax rate and annual rental inspections. Run your numbers in the cap rate calculator before you sell your apartment building in Bloomington.
Owners ready to sell commercial property in Bloomington, MN can start with our apartment building sale page. Skyline Capital Investments buys buildings of five or more units.
Seller Notes
Pricing Your Building In Bloomington
More about selling in Minnesota →Investing in Bloomington? See apartment syndications in Bloomington →
- Owners who sell commercial real estate in Bloomington, MN face annual city inspections of all rental properties.
- Selling commercial property in Bloomington means weighing the $1,561 median rent against HUD's FY2027 two-bedroom rent of $1,734.
- Bloomington School District 271 parcels carry proposed 2026 local rates of 119.679% to 121.476% of tax capacity.
Seller Guides
Selling In Bloomington? Common Situations We Handle
Learn More
Taxes & Rules For Bloomington Property
The Minnesota rules that shape any deal in Bloomington: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Bloomington Seller FAQ
How do I sell commercial property in Bloomington, MN?
Gather the rent roll, rental license and inspection records, and recent Hennepin County tax statements. Buyers underwrite class 4a tax at 1.25% and Bloomington local rates near 120%. Skyline Capital Investments buys buildings of five or more units.
What does it take to sell commercial real estate in Bloomington, MN?
Expect buyers to ask for rents, inspection results and tax statements. Minnesota deed tax is 0.33% of net consideration under Statute 287.21, which is about $6,600 on a $2,000,000 sale. Buyers also compare Bloomington's 1.25% class 4a rate and Hennepin County local rates.
How much is property tax on a $2 million apartment building in Bloomington?
At the 1.25% class 4a rate, net tax capacity is $25,000. Hennepin County's proposed 2026 rates for Bloomington School District 271 parcels, 119.679% to 121.476%, give $29,920 to $30,369 before market-value-based charges. The deed tax is separate.
Can Bloomington cap rent increases?
Minnesota Statute 471.9996 bars local rent control unless voters approve it at a general election. Bloomington's rental program instead inspects all rental properties annually, plus at least 10% of multifamily units each year, per the city's program page.
Who rents in Bloomington?
Bloomington is 34.3% renter, with 12,879 renter households (ACS 2020-2024). Median gross rent is $1,561, and 44.8% of renters pay 30% or more of income. Owners who sell multifamily property in Bloomington sell into that renter base.
What if my Bloomington building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Bloomington brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Bloomington, and we keep every conversation confidential.
Is it possible to sell rental property in Bloomington without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Bloomington?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Selling A Building In Bloomington?
A few details are enough to start. We respond to every Bloomington submission, including off-market and pocket listings.
