Buying In Bloomington, MN
Bloomington, MN Apartment Building Buyers
We are an active buyer of Bloomington rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
The Bloomington Market
What Drives Rentals In Bloomington
When we underwrite a Bloomington property, we start with the demand behind it — Mall of America and the hospitality corridor along Interstate 494, HealthPartners and a large suburban office market, and proximity to Minneapolis–St. Paul International Airport.
Directly south of Minneapolis near the airport, Bloomington is an established first-ring suburb whose apartments are mostly 1960s and 1970s garden and mid-rise buildings. Retail, hotel, and office workers make up much of the tenant base, and dated interiors leave room for renovation upside.
In Normandale Lake and Richfield as much as South Loop, we are open to buildings with deferred maintenance, below-market rents, or occupancy problems.
Mall of America and the hospitality corridor along Interstate 494
HealthPartners and a large suburban office market
Proximity to Minneapolis–St. Paul International Airport
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.
- Healthcare, medical devices, retail, and financial-services headquarters provide a diversified job base.
- We review the rent roll unit by unit against what comparable Bloomington apartments lease for today, so below-market rents are an opportunity rather than a problem.
- Because Hennepin County sets the assessed value, we review the property’s tax history as part of our first-pass underwriting.
Seller Guides
Selling In Bloomington? Common Situations We Handle
Bloomington Seller FAQ
Is Bloomington a market you actively buy in?
It is. We review Bloomington apartment buildings of five or more units, with particular attention to South Loop, Normandale Lake, Penn American, and Richfield.
Who rents apartments in Bloomington?
Tenants in Bloomington are tied to Mall of America and the hospitality corridor along Interstate 494, HealthPartners and a large suburban office market, and proximity to Minneapolis–St. Paul International Airport. That mix is a big part of how we evaluate occupancy and rent potential.
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.
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.
