3050 Coon Rapids Boulevard NW
Coon Rapids, MN 55433
Price: $2,600,000
This large multi-tenant commercial building presents a compelling
investment opportunity, particularly for buyers seeking value-add
potential with built-in stability. The property benefits from zoning that
allows for both automotive and o?ice warehouse uses through a
Conditional Use Permit (CUP), which greatly expands the scope of
allowable tenants and maximizes long-term leasing flexibility.
Currently, the building is leased at below-market rental rates, leaving
significant room for future income upside as leases turn over or are
renegotiated. The tenant base is composed of a solid mix of occupants
from various industries, providing diversification and reducing the risk
associated with vacancy or market shifts.
In addition to its favorable zoning and tenant structure, the property
has recently undergone major renovations totaling approximately
$750,000. These capital improvements were completed by the current
ownership and address many of the typical deferred maintenance
items, positioning the building for reduced operational costs in the near
term and increased attractiveness to new tenants.
Overall, this asset combines strong fundamentals with meaningful
upside potential, making it an ideal candidate for investors seeking
both stability and growth in a well-located commercial property.
Basic Features:
| Style |
Other |
| Type |
Commercial Sale |
| Zoning |
Business/Commercial |
| Year Built |
1978 |
| School District |
Anoka-Hennepin |
| County |
Anoka |
| Lot Size |
x |
| Acreage |
1.80 acres |
| Number of Units |
10 |
| Tax $ / Year |
$24,093 / 2025 |
| Tax ID |
|
| Legal Description |
|
Includes:
Building,Land,Leases
Additional Features
| Government Programs |
|
| Section |
16 |
| Terrain Type |
|
| Driveway |
|
| Exterior Features |
Other |
| Foundation |
31500.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
Other |
| Heating |
Forced Air |
| Roof |
Age Over 8 Years,Metal |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water - In Street |
| Water Heater |
|
| Parking Lot |
Parking Lot |
| Exterior Construction |
|
| Utilities |
Electric Separate,Heating Separate |
| Laundry |
N |
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