Minneapolis · Commercial sale
South Pointe Asset Management buys 651 American Blvd E in Bloomington for $15.3 million
An apartment complex at 651 American Blvd E, Bloomington sold for $15,300,000 on October 22, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $15,300,000
- Sold
- October 22, 2026
- Property type
- Apartment complex
- Lot size
- 339,768 sq ft
- Year built
- 1962
The $15,300,000 sale was 3.1 times the prior recorded price. The Certificate of Real Estate Value records the sale on October 22, 2026. It was filed with the Minnesota Department of Revenue. Assessor's records show the last sale on record was $5,000,000 in 1985.
The apartment complex at 651 American Blvd E sold in the deal. The deed covers 2 parcels. 651 American Blvd E is the largest one we could identify.
The record lists Essex Square Apartments Limited Partnership as the seller and South Pointe Asset Management LLC as the buyer. Assessor's records show a build year of 1962 and a 7.8-acre lot. The market value on record is $15,828,200.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $52,020 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $27,750 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $15,252,062. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $15,332,723 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1933959. 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.
