1321 Frost Ave Maplewood, MN 55109-4469

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.