Soo Line

JLL is pleased to present Soo Line Apartments – an award-winning high-rise opportunity in Minneapolis’ thriving urban core. A fully union-built, Beaux Arts-era adaptive re-use project, Soo Line boasts 254 units of historic charm and timeless luxury. This rare apartment tower is being offered at a 50%+ discount to replacement cost in one of the Twin Cities’ highest barrier to-entry submarkets.

Highlighted by a 96 Walk Score, Soo Line ideally places its residents in the middle of it all. The property is positioned at the heart of Minnesota’s densest economic and cultural hub – 45M SF of office space, home to 5,100+ businesses and five Fortune 500 headquarters, alongside countless entertainment, dining, and lifestyle amenities. Moreover, downtown momentum continues to build as the largest employers move decisively back to in-office work, fueling resurgence in the district’s daytime population and vibrancy, plus an added leasing tailwind to drive Soo Line performance.

Soo Line’s strong recent performance is underscored by 5.3% net effective lease trade-out/ renewal growth, alongside a growing retention ratio – a direct product of an unprecedented supply cliff coupled with accelerating demand, plus ongoing urban revitalization trendlines and return to office mandates. The property’s growth runway is further supported by a robust set of fundamentals – A+ demographics with high income and top employment, rent headroom relative to the competitive set, and a competitive for-sale condo market where owning runs 63% more costly than renting at Soo Line. Collectively, these dynamics position Soo Line investors to capitalize on outsized performance and returns in an asset of its profile.