$2,400,000

11024-11038 183rd Circle NW, Elk River MN, 55330

Price per sqft$1,664.36

Built in2020

Property size1,442 sqft

Property typeCommercial

Courtesy of Acuity Group, Dustin Heggem Listing Contact:

Overview

Active

Listed Mar 16, 2026

Updated Aug 1

55+ 1-Level rental community built in 2020. Hard to find investment opportunity. Community consists of 4 twin homes (8 units). Each unit has a separate PID to provide for residential v.s commercial property tax rate and ease of forming association if owner wanted to sell units individually. Units boast a great floorplan and are well appointed. Very stable and loyal tenant base that have been taking great care of their respective units. Conveniently located on a quiet cul-de-sac and close to local shopping and the Hwy 101/169 corridor.

Additional information

MLS^® ID: 7037372

Interior Features

Bedrooms: 16
Bathrooms: 16
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.78 Acres

Other Property Details

Taxes: $30,528
Tax Frequency: Annually
Maintenance Expense: $7,000
Garage: Yes

Listings courtesy of Northstar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 7:57 AM UTC on 8/1/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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