Minneapolis · Commercial sale
Erable I buys 12001 80th Ave N in Maple Grove for $48 million
A senior living facility at 12001 80th Ave N, Maple Grove sold for $48,000,000 on August 19, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $48,000,000
- Sold
- August 19, 2026
- Property type
- Senior living facility
- Lot size
- 252,648 sq ft
- Year built
- 2010
A senior living facility in Maple Grove sold for $48,000,000 on August 19, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The price is 90% above the property's market value of $25,257,900 on the Assessor's records.
Arbor Lakes Senior Living LLC and GBSL Holdings, LLC sold the property to Erable I, LLC. The facility sits on a 5.8-acre lot and was constructed in 2010, according to Assessor's records.
The $48,000,000 sale price is 32.1 times the most recent earlier sale price of $1,495,000 in 2009.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $163,200 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $84,975 for the owner's title insurance policy. The seller's estimated net is $47,417,221 before brokerage commissions and any loan payoff. A cash buyer would need about $47,666,287 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1911558. 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.
