For Sale: Maplewood MLS# 6676354
Active
NEW!
$750,000
Commercial: Other
Built 1978
1.27 acres
North St Paul-Maplewood schools
MLS# 6676354
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Property Description
Attention Investors – Rare Mixed-Use Opportunity in Maplewood!
Here’s your chance to own a truly unique mixed-use property with immediate cash flow and future upside. Situated on over an acre just off Hwy 61, this property offers both residential and commercial potential in one convenient location.
The 7, 500 sq ft commercial building features: Four separate units, each with:
Private bathroom, Separate electric and gas meters, 12-ft overhead doors and 14-ft ceilings. A central office space for easy management. Long-term tenants already in place, providing consistent rental income.
In addition, the property includes a single-family home with strong income potential. Per the county, the home can be converted into a duplex, and a rear staircase already provides a separate entrance to the upper level. A newer boiler and water heater are already installed—saving you on upfront costs. The driveway splits to separate the residential and commercial spaces, making it ideal for multi-use functionality. Whether you're looking to expand your investment portfolio, run your own business, or generate passive income, 1201 Frost Ave offers endless possibilities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Property Type:
Commercial
City:
Maplewood
Garage Spaces:
6
County:
Ramsey
Year Built:
1978
State:
MN
Property Style:
Other
Zip Code:
55109
Subdivision Name:
Lincoln Park
Interior
Ceiling Height:
11-15
Exterior
Garage Spaces:
6
Garage Size:
7,500 ft2
Garage Door Height:
12
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
7,500 ft2
Handicap Accessible:
None
Heating System:
- Hot Water
- Other
Parking Features:
- Garage Door Opener
- Gravel
- Shared Driveway
Exterior Material:
- Metal Siding
- Vinyl Siding
Roof Details:
Metal
Lot & Land
Acres:
1.27
Geolocation:
44.999831, -93.049833
Inclusions:
Building, Land, Leases
Lot Dimensions:
145 x 320
Zoning:
Business/Commercial
Schools
School District:
622
District Phone:
651-748-7410
Expenses
Annual Insurance Expense:
$2,174
Annual Maintenance Expense:
$420
Annual Gross Expense:
$25,027
Annual Trash Expense:
$2,903
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$16,882
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$16,882
Income
Annual Gross Income:
$92,400
Rent
Annual Net Income:
$67,373
Units
Total Units:
4
Miscellaneous
Current Use:
Automotive
Fuel System:
- Electric
- 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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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LaBelle Real Estate Group Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.