Property for Sale in Coon Rapids
3050 Coon Rapids NW Boulevard
Coon Rapids, MN 55433
Property Details
Year Built
1978
Square Feet
31,500
Parking Features
Parking Lot
Zoning
Business/Commercial
2025 Property Taxes
$24,093
School District
Anoka-Hennepin
County
Anoka
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.
Coon Rapids Blvd & 111th Street
Features
Utilities
Electric Separate,Heating Separate
Heating
Forced Air
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
Rustam Muharamov of Financially Free, LLC
Listed
08/14/25 and last updated 10/20/25
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
