Soo Line — Sale in Minneapolis, MN

  • Price: $125
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Minneapolis, MN 55402
  • Size: 189,353 SF

Photos

Soo Line — Sale in Minneapolis, MN, photo 1 of 8
Soo Line — Sale in Minneapolis, MN, photo 2 of 8
Soo Line — Sale in Minneapolis, MN, photo 3 of 8
Soo Line — Sale in Minneapolis, MN, photo 4 of 8
Soo Line — Sale in Minneapolis, MN, photo 5 of 8
Soo Line — Sale in Minneapolis, MN, photo 6 of 8
Soo Line — Sale in Minneapolis, MN, photo 7 of 8
Soo Line — Sale in Minneapolis, MN, photo 8 of 8

Description

JLL is pleased to present Soo Line Apartments – an award-winning high-rise opportunity in Minneapolis’ thriving urban core. A fully union-built, Beaux Arts-era adaptive re-use project, Soo Line boasts 254 units of historic charm and timeless luxury. This rare apartment tower is being offered at a 50%+ discount to replacement cost in one of the Twin Cities’ highest barrier to-entry submarkets. Highlighted by a 96 Walk Score, Soo Line ideally places its residents in the middle of it all. The property is positioned at the heart of Minnesota’s densest economic and cultural hub – 45M SF of office space, home to 5,100+ businesses and five Fortune 500 headquarters, alongside countless entertainment, dining, and lifestyle amenities. Moreover, downtown momentum continues to build as the largest employers move decisively back to in-office work, fueling resurgence in the district’s daytime population and vibrancy, plus an added leasing tailwind to drive Soo Line performance. Soo Line’s strong recent performance is underscored by 5.3% net effective lease trade-out/ renewal growth, alongside a growing retention ratio – a direct product of an unprecedented supply cliff coupled with accelerating demand, plus ongoing urban revitalization trendlines and return to office mandates. The property’s growth runway is further supported by a robust set of fundamentals – A+ demographics with high income and top employment, rent headroom relative to the competitive set, and a competitive for-sale condo market where owning runs 63% more costly than renting at Soo Line. Collectively, these dynamics position Soo Line investors to capitalize on outsized performance and returns in an asset of its profile.

Market Context

This multifamily in Minneapolis, MN is listed for sale at $125 across 189,353 SF. Compare it against other multifamily listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis multifamily market showed a 6.1% vacancy rate, and average asking rents near $1557.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Minneapolis multifamily market tightening or softening?
Vacancy is around 6.1% (Q1 2026).

Contact

Explore this market

Similar Multifamily Property for Sale in Minneapolis, MN