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Commercial > Retail
Active
05/28/2024
List Price
$975,000

1321 Frost Ave
Maplewood, MN 55109

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  • 1321 Frost Ave, Maplewood, MN 55109 is a 8,527 ft² commercial retail property property built in 1960 on a 0.620 acre lot. This commercial retail property is currently listed for $975,000, and it was last sold in 2016 for $400,000.

    MLS Description

    The listing agent's description. Original Listing

    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.

    Listing Agents

    The listing agent for 1321 Frost Ave is Vance Ross.

    Current Ownership

    Information about the current owner(s).

    Property History

    1321 Frost Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1321 Frost Ave

    School Information

    Public/private schools serving 1321 Frost Ave

    Neighborhood

    This property is located in Gladstone, Maplewood, MN 55109.

    Market Trends

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    Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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