275

Units

East: 2021

Built

985

Avg Unit SF

The Opportunity

Neon Burnsville is a luxury 275-unit, 5-story, single-building multifamily property located on a highly visible 8.0-acre site in Burnsville, MN. Built in 2021, Neon Burnsville is a beacon of modern luxury, providing the latest design choices and must-have amenities to the booming suburbs south of the Minnesota River.

The most convenient and direct way into downtown Minneapolis from the south is via I-35W. The most convenient and direct way into downtown St. Paul from the south is via I-35E. Neon Burnsville is located where I-35W and I-35E split off from I-35, offering easy access to the heart of the metropolitan area. Burnsville is located only 6 miles south of downtown Minneapolis, immediately south of Bloomington. Burnsville’s location south of the Minnesota River gives Neon’s location on I-35 even more importance because of the limited crossing points over the river to the north.

Residents are attracted to Neon’s convenience to major attractions, services, and employers such as Minneapolis-St. Paul International Airport (15 minutes), Mall of America (10 minutes), Minnesota Zoo (10 minutes), Crystal Lake and Buck Hill Ski Area (5 minutes), Burnsville Center Mall (3 minutes).

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MINNEAPOLIS-ST.PAUL 
Investment Highlights

#1

METRO of 2025:
Fortune 500 Companies (per capita)

#1

Global Center:
Medtech + Life Sciences — 750+ firms

#2

Renter Demand Market
(May 2025 | RentCafe)

#2

Lowest Rent Wallet Share Market:
3.1% (August 2025 | Zillow)

#2

LOWEST UNEMPLOYMENT RATE OF ALL METROS: 
3.1% — August 2025 ( Census Bureau)

#2

#2 Lowest Rent Wallet Share Market:
3.1% (August 2025 | Zillow)

#4

Hottest Rental Market — H1 2025
(August 2025 | Census Bureau)

#7

Metro:
RENT GROWTH (August 2025 | RealPage)

Contact Us

Chicago Office
125 S. Wacker Drive, Suite 400
Chicago, IL 60606

INVESTMENT SALES

PETE EVANS
Senior Managing Director
847.226.0836
[email protected]

MOLLY PODRATZ
Director
312.952.0315
[email protected]

RICHARD EVANS
Senior Director
773.991.3321
[email protected]

Mortgage Banking

LAURA CATHLINA
Senior Managing Director
312.339.5343
[email protected]

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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.

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