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

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Nick Leavy

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

$2,600,000

Est. payment - /mo

78,408 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 78,408 sqft

Price per Sqft $33

Subdivision Auditors Sub 74

MLS Listing ID 6767111

Year Built 1978

Annual Tax Amount $24,093

Lot Size 0.723 Acres

Acres 1.8

Lot Dimensions x

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 shis.
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

Community Auditors Sub 74

Zoning Business/Commercial

Direction Coon Rapids Blvd & 111th Street

Interior

Heating Forced Air

Flooring 78408.0

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate

Roof Type Age Over 8 Years,Metal

Accessibility Other

Building

Foundation Other

Water City Water - In Street

Others

Senior Community No

Tax ID 163124320007

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Listed by Financially Free, LLC

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