3050 Coon Rapids Boulevard NW, Minneapolis, MN 55433

$2,600,000
Property Type: Commercial Lot Size (sq. ft.): 78,408 Status: Active
Current Price: $2,600,000 List Date: 8/14/2025 Last Modified: 1/27/2026

Overview

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 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.

Listing Details MLS# 6767111

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
92
Owner Occupied
No
Waterfront Present
No
Year Built
1978
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
31500
For Sale or Lease
For Sale
Acres
1.8
Lot Dimensions
x
Garage Stalls
0

Property Features

Accessible: Other Assumable Loan: Not Assumable CMU Style: Other Construction Status: Previously Owned Current Use: Automobile Service; Business Service; Commercial; Industrial; Professional Service; Retail; Warehouse Existing Financing: Conventional Exterior: Other Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Contract for Deed; Conventional; Lease Purchase On Site Utilities: Electric Separate; Heating Separate Overhead Door Clearance: 10-14 Feet Parking Characteristics: Parking Lot Potential Use: Industrial; Office; Retail; Shop; Warehouse; Wholesale Roof: Age Over 8 Years; Metal Sewer: City Sewer/Connected Stories: One Wall Description: Drywall Water: City Water - In Street

Contract Information

Contingency
None
ListPrice
2600000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3050
Street Name
Coon Rapids
Street Suffix
Boulevard
Street Direction Suffix
NW
Postal City
Minneapolis
County
Anoka
State
MN
Zip Code
55433
Complex/Dev/Subdivision
Auditors Sub 74

Assessments

Tax With Assessments
24093
Assessment Balance
0

Basement

Foundation Dimensions
210 x 150

More Information

Building Information

Building Finished SqFt
31500
Building SqFt
31500
Ceiling Height
Over 20

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Door Height
14
Garage Door Width
8
Parking Lot
Yes

Public Survey Info

Range#
24
Section#
16
Township#
31

Sale Options

Sale Includes
Building, Land, Leases

Unit 1

Unit Number
Yes

Unit Details

Total Units
10

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
THAT PART OF LOT 6 AUDITORS SUBDIVISION 74 DESC AS FOL: BEG AT PT ON SWLY R/W LINE OF CSAH NO 1, 728.9 FT NWLY FROM SE COR OF SD LOT, TH NWLY ALG SD SWLY R/W LINE 200 FT, TH SWLY 557.75TFT TO PT ON S LINE OF SD LOT, 973.95 FT W OF SD SE COR OF SD LOT , TH E ALG S LINE OF SD LOT 214.06 FT TH NELY IN STRAIGHT LINE TO POB
Listing City
Coon Rapids
Map Page
63
Municipality
Coon Rapids
School District
Anoka-Hennepin
School District Phone
763-506-1000
Zip Plus 4
2802
Property ID Number
163124320007
Tax Year
2025
Tax Amount
24093
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
Coon Rapids Blvd & 111th Street

Accessible

Other
Yes

Assumable Loan

Not Assumable
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Other
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Roof

Age Over 8 Years
Yes
Metal
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Wall Description

Drywall
Yes

Water

City Water - In Street
Yes

Income and Expenses

Annual Caretaker Expense
0

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes

CMU Style

Other
Yes

Current Use

Automobile Service
Yes
Business Service
Yes
Commercial
Yes
Industrial
Yes
Professional Service
Yes
Retail
Yes
Warehouse
Yes

Loan Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes
Lease Purchase
Yes

Overhead Door Clearance

10-14 Feet
Yes

Potential Use

Industrial
Yes
Office
Yes
Retail
Yes
Shop
Yes
Warehouse
Yes
Wholesale
Yes
Listing Office: Financially Free, LLC
IDX
Last Updated: January - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.