3050 COON RAPIDS BOULEVARD
3050 Coon Rapids Boulevard, Minneapolis (Coon Rapids), 55433, MN
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Price: $2,600,000
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Status type: For Sale
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Neighborhood: Auditors Sub 74
Bedrooms: 0
Property Size :0
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Listing Agent: NST1000429,NST99775
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Property type : Other
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Zip code: 55433
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Street: 3050 Coon Rapids Boulevard
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Street: 3050 Coon Rapids Boulevard
Bathrooms: N/A
Year: 1978
Listing Brokerage: Financially Free, LLC
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 31500ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: x
Longitude: 45.1726
Latitude: -93.3447
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $24,093
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water - In Street
ADDITIONAL INFORMATION
MLS#: NST7783523
Listing Brokerage: Financially Free, LLC
ID: 4001215
Published: August 14, 2025
Last Update: August 14, 2025
Views: 29
