Coon Rapids, MN 55433 3050 Coon Rapids Boulevard NW

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Presented By: Financially Free, LLC
  • MLS# 6767111
  • 08/14/2025
  • Request Tour
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  • SQFT • 31,500

Home Details

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 shi?s. 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.
Presented By: Financially Free, LLC

Interior Features for 3050 Coon Rapids Boulevard NW

Other Interior Features

Basement (Y/N)No
Ceiling HeightOver 20
Foundation Dimensions210 x 150
FuelNatural Gas
Garage Door Width14

General for 3050 Coon Rapids Boulevard NW

AccessibilityOther
Additional Parcels Y/NNo
CityCoon Rapids
Construction MaterialsOther
ContingencyNone
CountyAnoka
Current UseAutomotive, Professional/Office, Commercial, Industrial, Professional Service, Retail, Warehouse
DirectionsCoon Rapids Blvd & 111th Street
Garage Spaces
HeatingForced Air
High School DistrictAnoka-Hennepin
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
Number Of Units Total10
Possible UseOffice, Retail, Shop, Warehouse, Wholesale Operation, Industrial
PostalCityMinneapolis
Property SubtypeRetail
Property TypeCommercial Sale
RoofAge Over 8 Years, Metal
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameAuditors Sub 74
Tax Annual Amount24093
Tax Year2025
UtilitiesElectric Separate, Heating Separate
Year Built1978
Zoning DescriptionBusiness/Commercial

Exterior for 3050 Coon Rapids Boulevard NW

Building Area Total31500
Foundation Area31500
InclusionsBuilding, Land, Leases
Lot Dimensionsx
Lot Size Area1.8
Parking FeaturesParking Lot
Water SourceCity Water - In Street

Additional Details

Price History

John Wichmann

Agent
Price $2,600,000
MLS#6767111
List Date 08/14/2025
Property Type Commercial
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