![]() The desirable Saint Anthony Main/Marcy-Holmes location of 621 Apartments ensures a high demand for the units in the competitive Minneapolis rental market, making it a valuable opportunity for those seeking a well-maintained property in a sought-after neighborhood. The property features a mix of one- and two-bedroom units, with average scheduled rents of $1,056. The building provides a serene and welcoming atmosphere that features remarkably favored off-street and covered parking.Ħ21 Apartments were built in 1963 and reside on a lot size of 0.33 acres. Ridgewood Apartments represents a truly unique opportunity to acquire a very well maintained, Pride of Ownership type asset, from the family of the original developer.įor the first time in the building’s history, Marcus & Millichap, as exclusive listing agent, is pleased to present the opportunity to acquire 621 Apartments, a 20-unit apartment community located at 621 5th Avenue SE, in the high barrier to entry riverside neighborhood of Saint Anthony Main/ Marcy-Holmes, Minneapolis.īordering central Minneapolis from the North-East side and only blocks away from the Stone Arch Bridge and the University of Minnesota, 621 Apartments benefit from a high-demand location, as evidenced by its high in-place rents and historically high occupancy rate. With an average current scheduled rent at $950 per unit, Ridgewood should be well insulated from new construction rent prices with plenty of room to increase to market level.įor an investor, Ridgewood Apartments offer a centrally located, high-quality asset in a neighborhood known for its charm and architecture. Additionally, Ridgewood Apartments offer highly sought-after off-street and garage parking, providing residents with a valuable commodity in a bustling city. The property was built in 1965 and sits on a lot size of 0.36 acres. ![]() Residents of Ridgewood Apartments also enjoy convenient access to major highways and public transportation, making it easy to explore other parts of the city. Within walking distance of the property are the gardens and tennis courts at Loring Park, The Minneapolis Institute of Art, and a plethora of high-quality local dining options. Residing just over a mile outside central Minneapolis, Ridgewood Apartments boast locality to all the entertainment and excitement that Minneapolis has to offer. This property is comprised of 37 apartments: 24 studios and 13 one-bedroom units. Come in June to participate in the Stone Arch Bridge Festival, which showcases musicians and artists.For the first time in the building’s history, Marcus & Millichap, as exclusive listing agent, is pleased to present the opportunity to acquire Ridgewood Apartments located in the historic Stevens Square Neighborhood. Stone Arch Bridge connects Mill Ruins Park with Father Hennepin Bluff Park.Access to the bridge is free. Read placards placed along the bridge to find out more about the city’s milling heritage. From the bridge, see the remnants of these mills, some ruins and some converted into offices and apartments. The energy these falls generated was once used to power the city’s lumber and flour mills, which were located alongside the river. Gaze down at the roaring Mississippi River and spot the rushing St. In 1994, it was converted to a pedestrian trail as part of a wider urban renewal project.Īs you amble across, pause at the bridge’s edge to absorb the views. Though it was originally built as a rail bridge, the last passenger train to cross the structure was in 1978. From here, the figures crossing the bridge appear almost ant-like.īike or walk across the traffic-free bridge. ![]() Count the 23 arches along the 2,100-foot-long (640-meter) span. ![]() Though this may seem shocking by today’s standards, it was at the time a relatively low death toll for a building project of its kind.Īdmire views of the bridge from afar at the waterfront Gold Medal Park. Note that it was built entirely of locally sourced stone, put together using ropes, pulleys, men and horses, with three human fatalities occurring during its construction. The bridge was built between 18 to allow trains, carrying both freight and passengers, to cross the Mississippi River to Minneapolis. Anthony Falls, whose cascading water was harnessed to provide power for the milling district. Admire views out over the town’s reborn riverfront district, once an industrial milling hub. Make your way across the granite and limestone bridge on foot or by bike. The Stone Arch Bridge is a historic landmark in Minneapolis, serving as a symbol of the industrial age. Anthony Falls and the Minneapolis riverfront. ![]() Stroll across this historic 23-arch bridge, which spans the mighty Mississippi and offers views of St. ![]()
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