A Mall In Minnesota is Hitting the Auction Block Next Year
Have you ever wanted to own a mall? It's a pretty niche desire in life, but if you are in the market for one the Maplewood Mall is hitting the auction block in 2023.
The mall is just a few miles north of St. Paul, and currently has stores like Barnes & Nobles, JCPenney, Kohls, and Macy's. RI-Marketplace is hosting the auction and says a redevelopment plan that includes a 500-unit apartment complex, and 30 new mall tenants, could be a big boost to its sales appeal.
The mall first opened in 1974 and underwent a renovation in 2018. It sits on over 34 acres, and the property itself is 321,217 Sq Ft. The mall itself is currently at 72% capacity so there is room for more storefronts to come into the space. An added fun fact is that there is parking for 4,660 vehicles.
When I lived down in the Cities, I worked at the Mall of America. When it came to actually shop at a mall, I would go to the Maplewood Mall. It was a mall that you could actually shop in and not be stuck walking behind slow-moving tourists, or navigating four floors of stores. This mall had a great layout and all the stores I needed with none of the unnecessary extras.
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