The Offering

Michel Commercial is pleased to present Cleveland Terrace, a 50-home community across two properties, ideally located in the heart of Saint Paul’s highly desirable Highland Park neighborhood. Cleveland Terrace offers residents a rare combination of peaceful park-adjacent living and vibrant urban convenience, with convenient proximity to St. Catherine University (St. Kate’s) just minutes away. The community features open, light-filled studio, one-bedroom, and two-bedroom homes, with many units offering stainless steel appliances, hard-surface flooring, updated cabinetry, and modern lighting—creating an inviting and comfortable living experience.

Investment Potential

Cleveland Terrace offers a compelling investment opportunity backed by strong occupancy and stable in-place cash flow. Its proximity to St. Catherine’s University and updated interiors support consistent demand and tenant retention. With durable neighborhood appeal and modernized units, the property is well positioned as a stable, income-producing asset with long-term upside. These properties can be bought together or separate.

Strong Submarket Fundamentals

Cleveland Terrace is located in a submarket that has moved past its recent delivery cycle, with new construction moderating and vacancy stabilizing near long-term averages. With limited supply forecasted and steady absorption trends, the property is well-positioned to benefit from improving supply-demand balance and sustained renter demand.

St. Paul, MN

Cleveland Terrace offers a premier Highland Park location with walkable access to dining, shopping, and coffee shops. Direct access to I-35E, I-94, and Hwy 52 provides seamless connectivity to both downtowns and major employment hubs, while proximity to the Mississippi River and Minnehaha Regional Park enhances its appeal to students, professionals, and long-term renters.