28 7th St NE - Apartments FOR SALE


Rochester, MN 55906- North Rochester
$26,500,000 USD
619-977-1785
28 7th St NE, Rochester, MN for Sale
$26,500,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

28 7th St NE
Rochester, MN 55906
North Rochester


HIGHLIGHTS

  • New construction & new-to-market
  • Desirable location - high walkability and bikeability score, easy access to retail and local employers
  • Highly amenitized
  • Strong lease-up success thus far

OVERVIEW

Silver Lake Crossing presents a rare opportunity to acquire new-construction multifamily housing in Rochester, MN—just 1.5 miles from the globally renowned Mayo Clinic. This 112-unit, market-rate community is ideally positioned along Silver Lake with exceptional walk and bike scores (82 and 86), offering residents direct access to trails, parks, and downtown amenities. Currently in lease-up, the property is poised to benefit from strong tenant demand driven by Rochester’s expanding healthcare and innovation economy. Mayo Clinic’s $5 billion Bold. Forward. Unbound. initiative is transforming its downtown campus and reaffirming its long-term commitment to Rochester as a global destination for health and research. As one of the few new multifamily assets to come to market in this high-barrier-to-entry city, Silver Lake Crossing offers investors immediate scale, long-term growth potential, and a front-row seat to Rochester’s next chapter.

FOR SALE DETAILS

PRICE

$26,500,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

112

PRICE/UNIT

$236,607

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Lake Crossing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,774 SF

ZONING

-

APN/PARCEL ID

74.35.14.087645

ASK ABOUT THIS PROPERTY

Darin GroteboerFort, IncMore Info
619-977-1785

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Darin GroteboerFort, IncMore Info
619-977-1785

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.