3050 Coon Rapids Blvd NW - Freestanding FOR SALE


Coon Rapids, MN 55433- Outer Coon Rapids/Fridley/Blaine
$2,600,000 USD
612-444-3333
3050 Coon Rapids Blvd NW, Coon Rapids, MN for Sale
$2,600,000 USD
Freestanding - FOR SALE
1/4
null | 8.12% Cap Rate

3050 Coon Rapids Blvd NW
Coon Rapids, MN 55433
Outer Coon Rapids/Fridley/Blaine


HIGHLIGHTS

  • Large multi-tenant commercial building.
  • Zoning allows Automotive & Office Warehouse uses through CUP.
  • Low rental rates through out the building with room for future Income Upside.
  • Solid tenants with good mixture of uses.
  • Major renovations completed recently by the owners, around $750,000 spent.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

8.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

Hwy Commercial

APN/PARCEL ID

16-31-24-32-0007

ASK ABOUT THIS PROPERTY

Rustam MuharamovFinancially Free, LLCMore Info
612-444-3333

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Rustam MuharamovFinancially Free, LLCMore Info
612-444-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.