2480 White Bear Avenue N Maplewood, MN 55109

Other MLS #: 6683358 Courtesy Of RE/MAX Results

Property InformationDescription

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.
MORTGAGE CALCULATOR

Features

  • Age: 41-50 Years Old
  • Architecture Style: Other
  • Cooling System: Central Air
  • Heating System: Forced Air
  • Legal Description: SECTION 11 TOWN 29 RANGE 22 VAC ST ACCRUING & FOL;EX THE E 199.93 FT; THE N 180 FT OF S 345 FT OF PART ELY OF WHITE BEAR AVE OF THE NW 1/4 OF SE 1/4 OF NW 1/4 (SUBJ TO RDS & ESMTS) IN SEC 11 TN 29 RN 22
  • MLSID: 6683358

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2480 White Bear Avenue N, Maplewood, MN 55109
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