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MinnesotaMultifamily

Michel Commercial closes sale of 48-unit apartment complex in Gaylord

March 6, 2024
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Photo courtesy of Michel Commercial.

Michel Commercial brokered the sale of Gaylord Villas a 48-home apartment complex in Gaylord, Minnesota.

The buyer, Michael Foods, a local manufacturer, approached Michel Commercial with its need for housing for its employees. Michel Commercial’s long-term relationship with the property owner of the Gaylord Villas resulted in a smooth transaction.

Michael Foods bought the property with cash. Pete Michel and Heidi Addo of Michel Commercial Real Estate facilitated the sale. 

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