3050 Coon Rapids Blvd NW

3050 Coon Rapids Boulevard Northwest, Coon Rapids, MN 55433

Accepting Offers
3050 Coon Rapids Blvd NW3050 Coon Rapids Blvd NW3050 Coon Rapids Blvd NW3050 Coon Rapids Blvd NW
Asking Price

$2,600,000

3050 Coon Rapids Blvd NW

3050 Coon Rapids Boulevard Northwest, Coon Rapids, MN 55433

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1978

Land Area: 1.8 Acres

Number of Units: 10

Property Size: 31,500 SF

Property Type: Industrial

Occupancy %: 100

Year Renovated: 2021

Number of Floors: 1

Parking Count: 92

Investment Highlights

  • Large multi-tenant commercial building
  • Zoning allows Automotive & Office Warehouse uses through CUP
  • Low rental rates through out the building with room for future Income Upside
  • Solid tenants with good mixture of uses
  • Major renovations completed recently by the owners, around 750k spent

MULTI-TENANT INVESTMENT

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 office 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.

Sale FAQs

Investment Sales Broker

Rustam Muharamov

Rustam Muharamov

Pybe

MN License: 40413417

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXX

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