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1560 Beam Ave
Maplewood, MN 55109

$422,000 USD

Medical Condo For Sale  •  1,884 SF

Property Details

  • Property Type Medical
  • Total Building Size 14,555 SF
  • Lot Size 2.14 AC
  • Building Class B
  • Year Built 1983
  • Tenancy Multiple
  • Zoning C
41 Transit Score
30 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit C Number 3 Office 1,884 SF $422,000 USD
  • Unit Size: 1,884 SF
  • Condo Use: Office
  • Price: $422,000 USD
  • Sale Type: Investment
  • Price/SF: $223.99 USD
Description
Newly available medical/office condo "For Sale" in the medical hub of Maplewood - Unit Number 3.

Close ample parking - 99 parking stalls, parking ratio is 6.80 stalls per 1,000sf including ADA stalls in Spring 2024.

Sale Notes
Secured by a long term stable medical tenant.  Lease expires 1/31/28.

100% leased

NNN Lease with 2% annual rent escalations

Unit Number 2 - 2,389 SF is available for lease and could be made available for sale along with the sale of Unit Number 3, cost for Unit Number 2 is negotiable.

Description 

Across the street from St. John's Hospital Campus.  Near Markham Pond and North Hazelwood Park and many local amenities such as Maplewood Mall, Costco, retailers, restaurants and much more.  Convenient access to 1-694, I-35E and Highway 61 with great visibility and access from Beam Avenue.  Strong area demographics.  New parking lot and sidewalk replacement in Spring 2024.

Highlights

Secured by a long term, stable medical tenant
New parking lot and sidewalk replacement in Spring 2024

Property Flyers

Amenities

  • Bus Line
  • Signage
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
St. Paul-Minneapolis (Empire Builder - Amtrak) 14 min - 8.3 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 28 min - 17.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 99
Type: Surface
Included in Rent: Yes
Sherry Hastings 651-324-0243 Commercial Real Estate Services
Sherry Hastings 651-324-0243 Commercial Real Estate Services