Minneapolis · Commercial sale
Erable II buys 11955 80th Ave N in Maple Grove for $16 million
A senior living facility at 11955 80th Ave N, Maple Grove sold for $16,000,000 on August 19, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $16,000,000
- Sold
- August 19, 2026
- Property type
- Senior living facility
- Lot size
- 40,075 sq ft
- Year built
- 2014
A senior living facility in Maple Grove sold for $16,000,000 on August 19, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The sale price is 3 times the market value of $5,260,400 on the Assessor's records.
The property at 11955 80th Ave N sits on a 0.92-acre lot, according to Assessor's records. The building was constructed in 2014.
Arbor Lakes Senior Living II LLC and GBSL Holdings, LLC sold the facility to Erable II, LLC.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $54,400 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $28,975 for the owner's title insurance policy. The seller's estimated net is $15,804,794 before brokerage commissions and any loan payoff. A cash buyer would need about $15,889,060 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1911551. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
