3050 Coon Rapids Boulevard NW, Minneapolis, MN 55433

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, positi ... (Read more)

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
Assessment Pending: No
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 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

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 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: 2026
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

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

Overhead Door Clearance

10-14 Feet: Yes

Potential Use

Industrial: Yes
Office: Yes
Retail: Yes
Shop: Yes
Warehouse: Yes
Wholesale: Yes