Buying In Eagan, MN
Sell Your Commercial Property In Eagan, MN
Own a commercial apartment building of five or more units in Eagan? We purchase multifamily properties around Cedar Grove, Burnsville, and the rest of Dakota County, and we review every deal against a clear buy box.
- 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
Eagan Submarkets: Cedar Grove · Burnsville · Apple Valley · Mendota Heights — Dakota County, MN
Why Eagan
Why We Buy Multifamily In Eagan
Eagan is a Dakota County city of 68,000 residents under ACS 2020-2024, home to Thomson Reuters’ largest U.S. office and the headquarters of Blue Cross and Blue Shield of Minnesota. Renters occupy 32.3% of Eagan’s occupied homes, and the median gross rent is $1,679. Eagan’s median household income is $108,690, 1.22 times the Minnesota median. Owners planning to sell commercial property in Eagan, MN face a final payable 2026 tax capacity rate of 84.289% in the city’s main ISD 191 tax district. This profile covers renters, HUD rent benchmarks, Dakota County taxes and Minnesota landlord rules.
Thomson Reuters campus
Thomson Reuters calls its Eagan campus its largest U.S. office, with more than 6,000 employees, mostly legal and corporate staff.MSP Airport jobs
Minneapolis-St. Paul International Airport supported 24,380 direct jobs in 2024, with Delta Air Lines carrying about 70% of its passengers.Blue Cross Blue Shield HQ
Blue Cross and Blue Shield of Minnesota is headquartered in Eagan and covers 2.9 million members statewide.Our Buy Box
What We Buy In Eagan
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
Eagan Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Eagan
Renters hold 32.3% of Eagan's 28,264 occupied homes, or 9,125 households, under ACS 2020-2024 tenure data. Eagan carries 7,865 homes in buildings of five or more units, 27.3% of its housing stock, per ACS units-in-structure data. The city's housing is older than many Dakota County suburbs: 24.8% was built before 1980, and the median year built is 1988, per ACS year-built data.
Rents and affordability
Eagan's median gross rent is $1,679 under ACS 2020-2024, $399 above the Minnesota median of $1,280. Rent takes 30% or more of income for 42.1% of Eagan renter households, per ACS rent-burden data. Owners who sell commercial real estate in Eagan, MN can benchmark rents against HUD's two-bedroom rate below.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,265 |
| One bedroom | $1,427 |
| Two bedroom | $1,734 |
| Three bedroom | $2,264 |
| Four bedroom | $2,538 |
HUD FY2027 fair market rents cover the Minneapolis-St. Paul-Bloomington HUD Metro FMR Area.
Property taxes in Dakota County
A $2,000,000 Eagan apartment building owes about $24,852 in payable 2026 property tax in the city's ISD 191 tax district, an effective 1.24%. Minnesota classes buildings of four or more rental units as 4a at 1.25% of market value under Statutes 273.13, giving $25,000 of tax capacity. Dakota County's final payable 2026 rates set an 84.289% total tax capacity rate for Eagan district 1001, producing $21,072, plus a $3,780 referendum market-value levy at 0.18899%. Owners who sell commercial property in Eagan, MN also owe Minnesota's deed tax of 0.33% of net consideration, $6,600 on a $2,000,000 sale.
Landlord rules
Minnesota requires deposits back with 1% simple annual interest, or a written statement of deductions, within three weeks after a tenancy ends, under Statutes 504B.178. A nonpayment eviction filing must follow a written notice giving the tenant 14 days to pay or move, per Statutes 504B.321. Statutes 471.9996 bars Minnesota cities from controlling rents on private residential property unless a general election approves the ordinance.
What it means for an owner
Eagan holds 22.2% of Dakota County's 35,391 homes in buildings of five or more units, the largest share of any Dakota County suburb. Owners ready to sell commercial property in Eagan, MN can price rents against the $1,734 HUD two-bedroom benchmark and the 84.289% tax rate above.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell your apartment building in Eagan, test your numbers with our cap rate calculator, then start on our sell my apartment building page.
Good To Know
Eagan Seller Checklist
More about selling in Minnesota →Investing in Eagan? See apartment syndications in Eagan →
- Anyone ready to sell commercial real estate in Eagan, MN should have deposit interest ledgers ready for buyers.
- Investors selling commercial property in Eagan should expect an older housing stock, median year built 1988.
- Eagan's ISD 196 tax district, parcel class 1003, carries an 87.332% final payable 2026 total tax capacity rate.
Seller Guides
Selling In Eagan? Common Situations We Handle
Learn More
Taxes & Rules For Eagan Property
The Minnesota rules that shape any deal in Eagan: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Eagan Seller FAQ
How are apartments taxed if I sell commercial property in Eagan, MN?
Minnesota classes buildings of four or more rental units as 4a at 1.25% of market value. A $2,000,000 Eagan building in tax district 1001 carries $25,000 of tax capacity. Dakota County's final payable 2026 rates produce about $24,852 a year, including the referendum market-value levy.
How fast must deposits be returned when I sell commercial real estate in Eagan, MN?
Minnesota Statutes 504B.178 requires a deposit back with interest, or a written statement of deductions, within three weeks after a tenancy ends. Deposits earn 1% simple annual interest. Eagan buyers will expect a ledger showing interest accrued on each unit.
How many apartments are in Eagan?
Eagan has 7,865 homes in buildings of five or more units under ACS 2020-2024, or 27.3% of its housing. Of those, 4,634 sit in buildings of 50 or more units. That is 22.2% of Dakota County's homes in five-plus buildings.
How do Eagan rents compare with HUD fair market rent?
Eagan's median gross rent is $1,679 under ACS 2020-2024. HUD's FY2027 two-bedroom fair market rent for the Minneapolis-St. Paul-Bloomington metro area is $1,734, or $55 higher. Rent takes 30% or more of income for 42.1% of Eagan renter households.
Can Eagan limit rent increases on my building?
Minnesota Statutes 471.9996 bars cities from controlling rents on private residential property unless a general election approves it. Owners who sell multifamily property in Eagan pass on leases governed by state 504B rules, including the 14-day notice before a nonpayment eviction filing.
Will you buy a Eagan property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Can I sell my Eagan apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Can I sell rental property in Eagan with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Eagan?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In Eagan?
A few details are enough to start. We respond to every Eagan submission, including off-market and pocket listings.
