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11956 Emery Village Drive N, Champlin, MN 55316

$2,500,000

Property Type: Commercial Bedrooms: 24 Baths: 24 Lot Size (sq. ft.): 64,469 Status: Closed

Current Price: $2,500,000 List Date: 6/15/2023 Last Modified: 8/07/2025

Overview

Description

8 Unit Apartment/Townhouse style building built in 2017. Fully rented in high-demand Champlin with room to increase rents. Currently leased as apartments and all owned by the same Seller, but developed with the flexibility to become townhomes. All units have 3 bedrooms and 3 bathrooms. The floor plan layouts on these 8 units consist of the following: Main level: 2 car garage, mechanical, and foyer entrance. 2nd Floor: great room, spacious kitchen, ½ bath, and 1 of the 3 bedrooms for the interior units. 3rd floor: The 4 Interior units on the 3rd floor have 2 bedrooms additional bedrooms on the 3rd floor, 1 large bathroom, walk-in closet, and in-unit laundry. The 4 End units on the 3rd floor have all 3 bedrooms on the 3rd level including a master bedroom with an attached master bathroom and walk-in closet, another full bath, and in-unit laundry. Finished square footage from 1,665-1,779 SF per unit. This building has a total of 17,940 SF built on 1.48 acres.

Listing Details MLS# 6387838

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 16
Owner Occupied: No
Year Built: 2017
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 17940
Garage Stalls: 16
For Sale or Lease: For Sale
Acres: 1.48
Lot Dimensions: 324x189

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: Concrete Floors & Walls; Fire Sprinkler System; In-Ground Sprinkler System; Porch Amenities Unit: Balcony; Deck; In-Ground Sprinkler; Patio; Porch; Primary Bedroom Walk-In Closet; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Dryer; Freezer; Microwave; Range; Washer Basement: Slab CMU Style: Apartments/Multi Family; Low Rise Construction Status: Completed New Construction Current Use: Commercial; Residential Exterior: Brick/Stone; Shakes; Vinyl Financing Terms: Cash Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: None Lot Description: Irregular Lot On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Cable TV; Electricity; Fuel Wall Description: Drywall Water: City Water/Connected

Contract Information

Off Market Date: 2023-06-26
Closed Date: 2023-09-20
Sales Close Price: 2500000
Contingency: None
ListPrice: 2500000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 11956
Street Name: Emery Village
Street Suffix: Drive
Street Direction Suffix: N
Postal City: Champlin
County: Hennepin
State: MN
Zip Code: 55316
Complex/Dev/Subdivision: Emery Village 4th Add

Assessments

Tax With Assessments: 32239.9
Assessment Balance: 0

Building Information

Building Finished SqFt: 6240

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 21
Section#: 30
Township#: 120

Sale Options

Sale Includes: Leases, Rental License

Unit 1

Unit Number: Yes
Full Baths: 2
Half Baths: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Leased?: Yes
Lease Expiration Date: 2023-12-31

Unit 2

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 2

Unit 3

No. of 3 Bedroom Units: 8
Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 3

Unit 4

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2025-05-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 4

Unit 5

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-03-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 5

Unit 6

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-04-30
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 6

Unit 7

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2024-01-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 7

Unit 8

Full Baths: 2
Half Baths: Yes
Lease Expiration Date: 2023-07-31
Leased?: Yes
Total Bathrooms: 3
Total Bedrooms: 3
Unit Number: 8

Unit Details

Total Units: 8

Office/Member Info

Association: MAAR
MLSID: RMLS

Location, Tax and Other Information

Legal Description: LOT 003 BLOCK 001 EMERY VILLAGE 4TH ADDN
Listing City: Champlin
Map Page: 63
Municipality: Champlin
Rental License?: Yes
School District: Anoka-Hennepin
School District Phone: 763-506-1000
Zip Plus 4: 3786
Property ID Number: 3012021430202
Tax Year: 2023
Tax Amount: 32239.9
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 8 Unit Apartment/Townhouse style building built in 2017. Fully rented in high-demand Champlin with room to increase rents. Currently leased as apartments and all owned by the same Seller, but developed with the flexibility to become townhomes. All units have 3 bedrooms and 3 bathrooms. The floor plan layouts on these 8 units consist of the following: Main level: 2 car garage, mechanical, and foyer entrance. 2nd Floor: great room, spacious kitchen, ½ bath, and 1 of the 3 bedrooms for the interior units. 3rd floor: The 4 Interior units on the 3rd floor have 2 bedrooms additional bedrooms on the 3rd floor, 1 large bathroom, walk-in closet, and in-unit laundry. The 4 End units on the 3rd floor have all 3 bedrooms on the 3rd level including a master bedroom with an attached master bathroom and walk-in closet, another full bath, and in-unit laundry. Finished square footage from 1,665-1,779 SF per unit. This building has a total of 17,940 SF built on 1.48 acres.
Directions: Champlin is located in the Northwest metro of the Twin Cities with a population of about 25,000. It is approximately 25 minutes from Minneapolis Central Business District and boasts a strong retail and restaurant environment which is attractive to tenants.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Concrete Floors & Walls: Yes
Fire Sprinkler System: Yes
In-Ground Sprinkler System: Yes
Porch: Yes

Amenities Unit

Balcony: Yes
Deck: Yes
In-Ground Sprinkler: Yes
Patio: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Cooktop: Yes
Dishwasher: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Washer: Yes

Basement

Slab: Yes

Construction Status

Completed New Construction: Yes

Exterior

Brick/Stone: Yes
Shakes: Yes
Vinyl: Yes

Financing Terms

Cash: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Lot Description

Irregular Lot: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Fuel: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes
Low Rise: Yes

Current Use

Commercial: Yes
Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Free Standing: Yes

Listing Office: RE/MAX Results

Last Updated: August - 07 - 2025

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