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.
Directly across the parking lot from Hy-Vee, this build-to-suit retail unit takes full advantage of the high-traffic business center of Maplewood. Neighboring a Caribou Coffee, Cub Foods, Target, Hy-Vee, Home Depot, and plenty more. With 2,900 square feet available, this space can be built out however envisioned.
For lease an excellent Medical Office consisting of 1,840 SF on the first floor. Previously built out as a Dental Office with 4 exam rooms, breakroom, waiting area, 3 private offices, and 2 restrooms. Located in prime Maplewood at the corner of White Bear Ave N and Gervais Ave. Great visibility with very strong traffic counts on White Bear Ave with 23,500 vehicles per day. Easy access to highways with a short commute to St. Paul & Minneapolis. many strong retailers in the area including Hy-Vee, Cub Foods, The Home Depot, and Starbucks. Large open parking lot with ample space and handicap access to the main entrance. Parking at no extra cost to tenants.
Great medical space opportunity for two suites with a total of 8,950 finished square feet. Suite #'s 213 and 214. Rent is $25.50 per square foot per year (8,950 square feet for units 213 and 214) so $228,225 in yearly rent and a total of $19,018.75 in monthly rent plus CAM.
The median home value in Maplewood, MN is $340,000. This is higher than the county median home value of $241,400. The national median home value is $219,700. The average price of homes sold in Maplewood, MN is $340,000. Approximately 68.39% of Maplewood homes are owned, compared to 28.47% rented, while 3.15% are vacant. Maplewood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Maplewood real estate agent to arrange a tour today!
Maplewood, Minnesota has a population of 40,127. Maplewood is less family-centric than the surrounding county with 30.1% of the households containing married families with children. The county average for households married with children is 31.97%.
The median household income in Maplewood, Minnesota is $63,941. The median household income for the surrounding county is $60,301 compared to the national median of $57,652. The median age of people living in Maplewood is 38.7 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 32.1 inches per year, with 50.6 inches of snow per year.