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Amerivest Pro-Team
yourhome@amerivest.realestate$ 1,595,000
Est. payment | /mo
1.23 Acres Lot
$ 1,595,000
Est. payment | /mo
1.23 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Contingent
Purchase Type For Sale
Subdivision Section 11 Town 29 Range 22
MLS Listing ID 6683358
Year Built 1982
Annual Tax Amount $52,558
Tax Year 2024
Contingent Inspection
Lot Size 1.230 Acres
Acres 1.23
Lot Dimensions 298x220
Property Sub-Type Office
Property Description
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.
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.
Location
State MN
County Ramsey
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features Gravel, Parking Lot, Paved
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Present Use Commercial,Office,Professional Service
Building
Foundation 6078
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Block,Brick/Stone
Schools
School District North St Paul-Maplewood
Listed by Mark Hulsey • RE/MAX Results
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