1321 Frost Ave Maplewood, MN 55109-4469
Property profile & analytics
1321 Frost Ave, Maplewood, MN 55109-4469
- Super regional malls
- 8,527 SF
- 0.59 lot acres
Property ID
US46-1946017
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Super regional malls
Property Details for 1321 Frost Ave
- Year built
- 1950
- Construction
- WOOD FRAME
- Lot size
- 0.59 lot acres
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 15-29-22-23-0105
- APU
- 152922230105
Description
This exceptional investment opportunity presents a fully leased six-unit retail strip mall situated at 1321 Frost Avenue in Maplewood, Minnesota. The property encompasses 6,856 square feet and boasts a remarkable 7% cap rate, ensuring strong returns for investors. Currently operating at 100% occupancy, the strip mall benefits from a diverse tenant mix, including a long-established laundromat that has served the community since the 1960s, providing consistent income and tenant stability. The property's location within a rapidly developing area of Maplewood is a key advantage. Three new multi-family residential buildings, totaling over 150 units, are under construction nearby, promising a significant increase in foot traffic and potential for future business growth. A unique feature of this property is its own on-site well, eliminating city water bills and substantially reducing operating costs to only sewer expenses. This translates to significant cost savings and enhanced profitability. The property's prime location, strong tenant base, and low operating costs combine to create a compelling investment opportunity with excellent potential for long-term growth and substantial returns. This is a rare chance to acquire a stable, high-performing retail property in a thriving community. The asking price is $975,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Maplewood
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0448
- Latitude
- 44.9996
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,450
$153,000
$442,300
$595,300
-
$153,000
$442,300
$595,300
