1321 Frost Avenue, Maplewood, MN 55109

Other
THB ฿33,530,614
USD $975,000
Published on: 29 May 2024
Last updated on: 17 Jan 2025
1321 Frost Avenue, Maplewood, MN 55109
1321 Frost Avenue, Maplewood, MN 55109
1321 Frost Avenue, Maplewood, MN 55109
+76
1321 Frost Avenue, Maplewood, MN 55109
  • 76
Property ID: 110092251236
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Commercial - Maplewood, MN

1321 Frost Avenue, Maplewood, MN 55109
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
2,509.05 m2
Year Built
1960
Architecture Style
Other
County
Ramsey-MN
Parcel ID
152922230105
Provider
Regional Multiple Listing Service of Minnesota [NorthStarMLS]
Subdivision
Gladstone, Ramsey Co, , Minn
Brokerage Office Name
Keller Williams Premier Realty
Brokerage Office Phone
651-379-5252
Address
1321 Frost Avenue, Maplewood, MN 55109

Tax History

YearTax amount
2024USD $17584THB ฿604,720*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.

Contact Agent
Vance Ross
Keller Williams Premier Realty
635 Bielenberg Drive Suite 100, Woodbury, MN 55125
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Vance Ross
635 Bielenberg Drive Suite 100, Woodbury, MN 55125
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      Property ID: 110092251236

      Data provided by Regional Multiple Listing Service of Minnesota [NorthStarMLS], MLS #: 6543277
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