Kestrel Park Townhomes

Michel Commercial is pleased to present the Kestrel Park Townhomes, a 30-unit, affordable (Section 42) community in Glencoe, MN. This well-maintained property offers a desirable mix of spacious two- and three-bedroom townhomes, featuring open layouts, convenient amenities, such as dishwashers and in-home washers and dryers, attached garages, and private patios. All 30 townhomes (100%) are designated to serve residents at 60% of the median area income until the expiration of the LURA contract on 12/23/2029. Kestrel Park Townhomes are located in close proximity to numerous local amenities, including Oak Leaf Park, which features walking trails, a disc golf course, and scenic views of Buffalo Creek. The property is also less than a mile from Glencoe-Silver Lake Schools, making it an ideal location for families. Kestrel Park is situated just minutes from U.S. Highway 212, which provides quick connections to the western suburbs and the Twin Cities, with downtown Minneapolis reachable in under an hour. This easy access to major transportation routes enhances the townhomes’ appeal for residents seeking regional connectivity. With a history of high occupancy, recent capital improvements (including new roofs), Kestrel Park Townhomes offers reliable and consistent returns. The upcoming change in the Low-Income Rental Classification (LIRC) tax rate to 0.25%, effective January 1, 2025, further enhances its appeal as an excellent addition to any investment portfolio.

Glencoe, MN offers a range of benefits, especially for those who appreciate small-town charm, a close-knit community, and access to natural beauty. Some of the key advantages include: Quality Schools: The Glencoe-Silver Lake School District is known for its commitment to quality education, with several schools providing excellent academic and extracurricular programs. Parks and Recreation: Glencoe boasts numerous parks, trails, and recreational facilities. Oak Leaf Park, Buffalo Creek Park, and nearby wildlife areas offer plenty of opportunities for activities like hiking, fishing, biking, and birdwatching. The area also offers seasonal recreational options like ice skating, snowmobiling, and cross-country skiing in the winter. Proximity to Larger Cities: Glencoe is conveniently located near major highways, including U.S. Highway 212 and Minnesota State Highway 22, providing easy access to the Twin Cities, Minneapolis and St. Paul, providing access to a broader range of cultural, educational, and professional opportunities. Historic Charm and Local Amenities: Glencoe’s historic downtown features charming storefronts, cafes, and local businesses, contributing to the town’s character. It’s a great place for shopping locally or enjoying a meal in a cozy, small-town atmosphere. Additionally, the Glencoe City Center, a restored historic building, serves as a hub for local events and gatherings. Overall, Glencoe offers a balanced lifestyle where residents can enjoy the perks of small-town living, a strong community spirit, and access to outdoor recreation, all while being close to larger urban centers.