3050 Coon Rapids BLVD NW, Coon Rapids, MN 55433 - MLS#6767111

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$2,600,000

Est. payment - /mo

1.8 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Auditors Sub 74

MLS Listing ID 6767111

Year Built 1978

Annual Tax Amount $24,093

Tax Year 2025

Contingent None

Lot Size 1.800 Acres

Acres 1.8

Lot Dimensions x

Property Sub-Type Retail

Property Description

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 shi?s.
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.

Location

State MN

County Anoka

Zoning Business/Commercial

Interior

Heating Forced Air

Inclusions Building, Land, Leases

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate

Roof Type Age Over 8 Years,Metal

Present Use Automotive,Professional/Office,Commercial,Industrial,Professional Service,Retail,Warehouse

Building

Story One

Foundation 31500

Sewer City Sewer/Connected

Water City Water - In Street

Level or Stories One

Structure Type Other

Schools

School District Anoka-Hennepin

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Listed by Rustam Muharamov • Financially Free, LLC

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