3001 White Bear Ave N | Maplewood, MN 55109
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3001 White Bear Ave N
Maplewood, MN 55109
$6.95M NOI | Maplewood Mall | Value Add · Retail Property For Sale
Investment Highlights
- NOI: $6,947,765.89 with in-line store sales of $309 psf.
- 34.7 AC Dev. Potential: 500+ proposed apartment units, 287 adj. to property provide increased sales traffic & greater tenant leasing interest.
- Significant Value-Add through repositioning and lease-up of more than $82K SF and adjacent multifamily development.
- Super-regional mall in dense retail hub with excellent access and visibility. Dene trade area population of 668K + within a ten-mile radius.
- 50+ national tenants including Barnes & Noble, H&M, Shoe Dept. Anchor Tenants include JC Penny, Kohl's and Macy's
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
321,217 SF
Building Class
B
Year Built/Renovated
1974/1996
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
10 Exterior
Building FAR
0.11
Lot Size
68.37 AC
Zoning
BC
Parking
3,000 Spaces (9.34 Spaces per 1,000 SF Leased)
Frontage
888 FT on Beam Ave
Amenities
- Bus Line
- Food Court
- Property Manager on Site
- Signage
- Enclosed Mall
PROPERTY TAXES
| Parcel Number | 02-29-22-23-0010 | Improvements Assessment | $5,077,100 |
| Land Assessment | $16,372,900 | Total Assessment | $21,450,000 |
PROPERTY TAXES
Parcel Number
02-29-22-23-0010
Land Assessment
$16,372,900
Improvements Assessment
$5,077,100
Total Assessment
$21,450,000
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