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29980316
29980320

3020 Minnesota Dr, Anchorage, AK 99503

$7,475,000
121 days on market
Updated 3 days ago

3000 and 3020 Minnesota Drive

Details
Property Type Retail, Mixed Use
Sub Type Shopping Center
Square Footage 66,681
Units 16
Cap Rate 8.59%
Occupancy 65%
Tenancy Multi
Lease Type Modified
Price per SqFt $112
Year Built 1977
Buildings 2
Stories 1
Lot Size (SqFt) 186,828
Zoning B3
Parking Spaces 100 spaces
Parking Per SqFt 1.50
Investment Type Value Add
Ground Lease No

Multi-Tenant Retail & Mixed-Use Investment Opportunity

Marketing description

A 15-tenant multi-tenant retail and mixed-use investment property located at 3020 and 3000 Minnesota Drive in Anchorage, Alaska. Situated on 4.29 acres in the heart of Anchorage's Midtown corridor, this established commercial property offers a rare combination of stabilized income from long-term tenants and meaningful value-add upside through the lease-up of approximately 23,000 square feet of vacant anchor space. The property consists of two single-story masonry buildings totaling 66,681 gross square feet on a 186,800 SF (4.29-acre) site at the intersection of Minnesota Drive and W. Benson Boulevard — one of Anchorage's most heavily traveled commercial corridors. Current tenants represent a diverse mix of food & beverage, professional services, specialty retail,

entertainment, and healthcare categories, providing strong income diversification across 15 active leases.

Listing Contacts

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Zoning

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B-3 CommercialGeneral CommercialGeneral Business
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View all 187 uses
View all 187 uses
Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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