633 Main Street
Elk River, MN 55422
Learn how Nexus Real Estate Services can help you and your property.Contact Us Today
Commercial businesses owned 10,000 feet of space on the lower level of Granite Shores, but it was not enough to bring renters and buyers to the area. The location in Elk River, a third-tier Twin Cities suburb, was not ideal. Simple renovations to Granite Shores would not guarantee its success in a slow real estate market. Eighty-five percent of the building’s condos had to be completely renovated from shell. This meant a major transformation to the flooring, cabinets, paint, laundry, kitchen appliances, lighting, and all finishing work.
Nexus Real Estate Services needed to find the most efficient way to renovate the Granite Shores amid the slow real estate market.
Common areas were upgraded with LED lighting and occupancy sensors to lower the operational costs. Additional common spaces improved the living environment. Nexus used a combination of social outreach, including radio, television, print, and social media, to promote the property.
After the renovations, Granite Shore’s occupancy soared. All apartment units and commercial space, including full buildouts, were completed in record time. Granite Shores has some of the highest rental rates in the Elk River market and is a landmark in the community.