Active

1321 Frost Avenue

Maplewood MN, 55109

$975,000


$142.21 per sqft

Active

6,856 sqft

Commercial

Built in 1960

Prime investment opportunity: fully leased 6-unit strip mall in Maplewood. This thriving community is undergoing significant development, including three new multi-family buildings with over 150 units, promising increased foot traffic and business growth. The strip mall boasts a 7% cap rate offering excellent returns with 100% occupancy and no vacancies. A long-standing laundromat, a local staple since the 1960's, ensures tenant stability and consistent patronage. This property guarantees immediate rental income from its fully leased units. Located in a bustling area with growing infrastructure, the strip mall is set to benefit from the influx of new residents and shoppers. The property includes a rare onsite well, eliminating city water bills and reducing costs to just outgoing sewer expenses. This investment promises long-term growth and solid return, making it a perfect addition to your portfolio. Don't miss out on this fantastic opportunity in Maplewood.

6543277

MLS ID

May 28, 2024

Listed

September 17, 2024

Updated

Map

1321 Frost Avenue
Maplewood MN, 55109

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0 Acres


Lot Features

Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light


Roof

Age 8 Years or Less, Rolled/Hot Mop, Flat, Rubber


Sewer

City Sewer/Connected

School Information

School District

North St Paul-Maplewood

Other Property Details

Taxes

$17,584


Tax Frequency

Annually


Days on Market

43


Garage

No


Parking

Paved


View

No


County

Ramsey


Water Source

City Water - In Street, Well


Pool

No

 

Courtesy of Keller Williams Premier Realty

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Gerard Team Real Estate, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 1:58 AM UTC, 9/17/2024

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