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For Sale:  Maplewood MLS# 6683358

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Active
$1,595,000
/mo Edit
Commercial:  Office
Built 1982
1.23 acres
North St Paul-Maplewood schools
MLS# 6683358
763-576-8286
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    Property Description

    White Bear Professional Building for sale, offering an outstanding investment or owner/user opportunity in the highly sought-after east metro suburb of Maplewood. The well-maintained, 8-suite medical office building is situated at a prime, high-visibility corner at White Bear Ave N & Gervais Ave, just off Highway 694. The property boasts a stable tenant base, with 7 of the 8 suites currently occupied by established medical tenants, including Great Ricer Orthodontics, Dr. Roger C. Stoddard Family Dentistry, Allergy & Asthma Center of MN, and Home Instead. Owner/User Opportunity: Suite 201 is currently vacant, providing an excellent opportunity for an owner/user to occupy space immediately. The Home Instead space is currently occupied by the Seller. Tenant/Seller is willing to vacate the space if needed or sign a lease to remain as a Tenant in part or all of the current space, providing great flexibility for additional space. The 12, 156-square-foot building spans two levels and has a strong leasing history, with long-term tenants demonstrating excellent retention. The property is in great condition and has undergone recent capital improvements, including a brand-new HVAC system installed in 2023, a $250, 000 investment, updated common areas, and separately metered electric for each suite. A large 70-stall parking lot provides ample space for tenants and visitors, with handicap accessibility at both entrances. Positioned in a high-traffic area with 23, 500 vehicles per day, the property offers excellent visibility and easy access to major highways, making it a short commute to both St. Paul and Minneapolis. The surrounding area is home to numerous national retailers, including Hy-Vee, Cub Foods, The Home Depot, and Starbucks, further enhancing the property's prime location. This is a rare opportunity to acquire a great medical office asset in an established and growing commercial corridor.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,595,000
    Property Type: Commercial
    City: Maplewood
    Garage Spaces: 0
    County: Ramsey
    Year Built: 1982
    State: MN
    Property Style: Office
    Zip Code: 55109
    Subdivision Name: Section 11 Town 29 Range 22

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 70
    Air Conditioning: Central Air
    Foundation Size: 6,078 ft2
    Handicap Accessible: No Stairs External
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • Parking Lot
    • Paved
    Exterior Material:
    • Block
    • Brick/Stone

    Lot & Land

    Acres: 1.23
    Geolocation: 45.01611, -93.019007
    Inclusions: Building, Leases
    Lot Dimensions: 298 x 220
    Zoning: Business/Commercial

    Schools

    School District: 622
    District Phone: 651-748-7410

    Expenses

    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $52,558
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $52,558

    Units

    Total Units: 8

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.