$4.5M NOI I 96% Occupied Power Center I Maplewood Mall

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2694/4.5m-noi-i-96-occupied-power-center-i-maplewood-mall?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2694

Mid-America and RI Marketplace are pleased to present this $4.5M NOI I 96% Occupied Powercenter I Maplewood Mall (the "Property"), a ± 338,419 SF retail opportunity located in St. Paul, Minnesota (the capital of Minnesota and the birth place of enclosed malls) with over 3.3M annual visitors. Maplewood Mall is strategic positioning in a dense retail hub located just two blocks south of the heavily traveled I-694 and has excellent access and visibility. The Maplewood area has seen a 20% growth since 2000, and the Twin Cities as a whole has seen a 24% population growth in that timeframe. Multiple Fortune 500 companies are headquartered in St. Paul along with three of the largest private companies in the U.S. in Minneapolis. Average household income in the ten-mile trade area is $120K, higher than the national average, and projected to grow at 2.1% annually over the next five years. This MSA is the birthplace of enclosed malls which have long been an integral part of the Twin Cities. Financing is available on this property with a lender that has thoroughly reviewed the asset, and a sixty day close window is offered on this transaction.

34.7 acres are included in the sale, with over 500 proposed apartments in the parking lot for future value add development. The property boasts a strong occupancy of 96% with 60% of the income coming from national tenants, and a focus on experiential retail for local tenants which helps drive the strong traffic. Maplewood suburb of St. Paul is part of the Minneapolis-St. Paul MSA, with these cities commonly referred to as the Twin Cities. These cities are a growing, economically diverse region with world-class health care and education.The MSA is home to six professional sports teams, the Minnesota Orchestra, and many internationally acclaimed theaters and museums. Average household income in the ten-mile trade area is $120,000, with roughly 700K people in the region,and projected to grow at 2.1% annually over the next five years. This MSA is the birthplace of enclosed malls which have long been an integral part of the Twin Cities. Financing is available on this transaction with a sixty day close window as well.


Col. Frank B., Imholte
c/o Fisher Auction Company Inc.
License: 84-302

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