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
November 23, 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
115
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 Samuel Boatman shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 10:20 AM UTC, 11/23/2024