3050 Coon Rapids Boulevard NW, Coon Rapids, MN 55433
sale
$2,600,000
|
Other
Courtesy Of Keller Williams Integrity Realty
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.
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.
Read More About This Property
Read Less About This Property
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Heating System: Forced Air
- 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
- MLSID: 7076932
- Roof Type: Metal
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