3050 Coon Rapids Blvd NW, Coon Rapids, MN 55433 For Sale

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 office 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.

Located at 3050 Coon Rapids Blvd NW, Minneapolis, MN 55433, this property sits in a high-traffic commercial corridor in Coon Rapids. It offers excellent visibility, easy access to major highways, and is just minutes from the Northstar commuter rail. Surrounded by retail, dining, and residential neighborhoods, it’s a prime spot for business in a growing suburban market