The Loon

For Sale

57 6th Avenue South, Hopkins, MN 55343

This Hopkins property for sale is located at 57 6th Avenue South. The current listed sale price for The Loon is $1,350,000.

Contacts

Robert Dulin

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 21,000 SF
  • Units 12
  • Year Built 1961
  • Date Updated Jul 15, 2026
Discover the vibrant community surrounding the property in Hopkins, MN. Enjoy the convenience of being within walking distance to charming local shops, delicious dining options, and beautiful parks. With easy access to major highways and public transportation, residents can explore nearby attractions like the Minnetonka Center for the Arts and the historic downtown area. Investors seeking a prime location with strong appeal to multifamily and high-rise residents will appreciate the area's bustling atmosphere and close proximity to city amenities. In this thriving neighborhood, the property offers an excellent investment opportunity with the promise of a dynamic urban lifestyle.The Loon is a 12-unit apartment community ideally located in the heart of Hopkins, one of the Twin Cities' most desirable first-ring suburbs. Positioned just steps from the vibrant Downtown Hopkins Mainstreet district, the property offers residents convenient access to an array of restaurants, breweries, coffee shops, retail, parks, and entertainment. Its central location also provides quick access to Highway 7, Highway 169, Interstate 394, and several of the region's largest employment hubs. The property presents investors with the opportunity to acquire a well-located multifamily asset in a market supported by strong renter demand, excellent neighborhood amenities, and long-term growth fundamentals. Whether an investor is seeking stable cash flow, future rent growth, or a long-term hold in a proven submarket, The Loon offers an attractive combination of location, accessibility, and investment potential.
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Highlights

  • 12-unit apartment community in the highly desirable Hopkins submarket
  • Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis
  • Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom/1-bath units
  • Individually controlled HVAC systems for each unit, reducing maintenance responsibilities and improving tenant convenience
  • Prime location just blocks from Downtown Hopkins Mainstreet
  • Projected Year-1 NOI of $92,383, representing a 6.84% cap rate
  • Strong rental demand supported by a high-barrier-to-entry market
  • Twelve on-site parking spaces, complemented by ample city-owned parking directly in front of the property
  • Value-add opportunity through minor cosmetic unit renovations and continued rental growth
  • Walkable to restaurants, breweries, shopping, parks, and entertainment

Getting around

  • 84/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 79/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hopkins, MN
  • Neighborhood Hopkins
  • Zip Code 55343
  • Market Minneapolis St Paul

Points of Interest

  • Downtown Hopkins

    0.14 miles

  • Shady Oak

    0.74 miles

  • Blake Road

    1.09 miles

  • Opus

    1.73 miles

  • City West

    2.20 miles

  • Louisiana Avenue

    2.25 miles

  • Wooddale Avenue

    2.81 miles

  • Golden Triangle

    3.12 miles

  • Beltline Boulevard

    3.64 miles

  • West Lake Street

    4.42 miles

  • Holiday

    0.38 miles

  • Speedway

    1.05 miles

  • Holiday Gas Station

    1.33 miles

  • Boulevard Station

    1.62 miles

  • Super America

    2.09 miles

  • BP

    2.19 miles

  • ChargePoint

    2.72 miles

  • Tesla Supercharger

    3.05 miles

  • Greenlots

    9.38 miles

  • Hopkins Honda

    0.18 miles

  • Walser Chrysler Jeep Dodge Ram

    0.18 miles

  • Municipal Lot

    0.19 miles

  • Municipal Ramp

    0.31 miles

  • The Depot Parking Lot

    0.36 miles

  • Big Willow Park South Lot

    1.97 miles

  • Methodist Hospital Red Lot

    2.08 miles

  • Minneapolis Marriott Southwest

    1.73 miles

  • Holiday Inn Express

    2.05 miles

  • Hilton Garden Inn

    2.30 miles

  • Hilton Homes

    2.61 miles

  • Home2 Suites

    2.64 miles

  • Sheraton Minneapolis West Hotel

    3.26 miles

  • Marriott Minneapolis West

    3.64 miles

  • Courtyard

    3.67 miles

  • Comfort Inn

    4.03 miles

  • Townplace Suites by Mariott

    4.07 miles

  • Driskill's Food

    0.38 miles

  • Target

    1.16 miles

  • Lunds & Byerlys

    1.21 miles

  • ALDI

    1.29 miles

  • Kohl's

    1.43 miles

  • Knollwood Mall

    1.49 miles

  • TJ Maxx

    1.54 miles

  • Cub Foods

    1.59 miles

  • Jerry's Foods

    2.70 miles

  • Burlington

    2.88 miles

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