Minneapolis · Commercial sale
QT-Park on 100 buys 2480 Highway 100 S in Saint Louis Park for $11.15 million
An apartment complex at 2480 Highway 100 S, Saint Louis Park sold for $11,150,000 on September 15, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $11,150,000
- Sold
- September 15, 2026
- Property type
- Apartment complex
- Lot size
- 139,828 sq ft
- Year built
- 1967
An apartment complex at 2480 Highway 100 S in Saint Louis Park sold for $11,150,000 on September 15, 2026, more than double its price from 24 years earlier. QT-Park on 100, LLC purchased the property from Andrew R. Wilhoit, John W. Francis, Jennell M. Francis, Katherine M Wihoit, The Peter J. Wilhoit Revocable Trust dated January 27, 2002 and Park Ridge Real Estate, L.L.C., according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.
The sale price came in 18% above the property's market value of $9,486,000 on the Assessor's records. The complex last sold in 2002 for $5,000,000, meaning the latest transaction represents a 2.2 times increase over that earlier price.
Built in 1967, the apartment complex sits on a 3.21-acre lot, according to Assessor's records.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $37,910 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $20,487.50 for the owner's title insurance policy. The seller's estimated net is $11,004,462 before brokerage commissions and any loan payoff. A cash buyer would need about $11,063,751 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1921097. 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.
