2480 White Bear Ave N - Medical FOR SALE


Maplewood, MN 55109- Maplewood-Oakdale
$1,595,000 USD
651-256-7404
2480 White Bear Ave N, Maplewood, MN for Sale
$1,595,000 USD
Medical - FOR SALE
1/43
null | Request Cap Rate

2480 White Bear Ave N
Maplewood, MN 55109
Maplewood-Oakdale


HIGHLIGHTS

  • 8 Suite Medical Office Building For Sale
  • 4 Tenants occupy 7 Suites with 1 Vacancy
  • Perfect for Investor or Owner/User
  • Buyer can immediately occupy Suite 201 & Home Instead space if needed
  • Well Kept Building with Capital improvements in 2023
  • Large Parking lot with 70 spaces

OVERVIEW

Results Commercial is pleased to present the White Bear Professional Building for sale, offering an outstanding investment or owner/user opportunity in the highly sought-after east metro suburb of Maplewood. This 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 River 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. Contact the listing brokers for more information, rent roll/expenses, and to schedule a tour. Utilities: Gas is separately metered and paid by Tenants. Electric - separately metered for lights and paid by tenants. Electric for Air Conditioning is separately metered, landlord pays now, but can charge tenants per the lease. Trash, Water/Sewer, Insurance etc is paid by Landlord. Leases are modified gross.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

White Bear Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

Commercial

APN/PARCEL ID

11-29-22-24-0034

ASK ABOUT THIS PROPERTY

Mark HulseyResults CommercialMore Info
651-256-7404

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Mark HulseyResults CommercialMore Info
651-256-7404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.