DECO

Shakopee, Minnesota

About the Development

LouMin Holdings’ first Minnesota acquisition, The DECO brings our investment expertise and resident-focused approach to one of the state’s most dynamic suburban markets. This five-story mixed-use building occupies the historic site of Shakopee’s original 1883 City Hall in the heart of downtown.

Built in 2021, The DECO offers art deco-inspired luxury living with alcove, one-, and two-bedroom homes featuring 9-foot ceilings, private balconies, walk-in closets, and designer finishes including tile backsplash, quartz countertops, stainless steel appliances, and wood-inspired flooring. Every unit includes in-home washer and dryer for maximum convenience.

Community Amenities:

Rooftop sun deck with fire pit and grilling stations for outdoor entertaining
Complimentary espresso bar in the lobby
24-hour fitness studio
Expansive clubroom for resident gatherings
Bike storage and workstation
Pet washing station
Heated underground and first-floor parking
Ground-floor retail featuring Mana Brewing, serving craft beer and brick oven pizza

89

Number of Units

132532

Square Footage

2024

Date of Purchase

Strategic Location

Shakopee, Minnesota

Walkable downtown location with immediate access to restaurants, shops, and boutiques
Within Shakopee’s Social District—one of only two in Minnesota
30 minutes from downtown Minneapolis, MSP Airport, and Mall of America
Proximity to Valleyfair amusement park, Canterbury Park (future 19,000-seat amphitheater), Mystic Lake Casino, and the Minnesota Renaissance Festival
Adjacent to trail systems and Minnesota River Valley parks

With no new apartment construction currently underway in Shakopee, The DECO serves a market experiencing 28% population growth since 2010, strong employment drivers, and exceptional rent performance. The property’s rare urban-suburban positioning provides residents with both vibrant downtown amenities and natural recreational spaces.

Professionally managed by Sail Management, The DECO acquisition was funded through a rapid equity raise completed in just days and supported by institutional financing including a Fannie Mae loan.