3050 Coon Rapids Boulevard NW, Minneapolis, MN 55433 (MLS# 7076932)

3050 Coon Rapids Boulevard NW, Minneapolis, MN 55433

$2,600,000
Property Type: Commercial Square Footage: 31,500 Lot Size (sq. ft.): 78,408 Status: Active
Current Price: $2,600,000 List Date: 5/19/2026 Last Modified: 7/18/2026

Overview

Description

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, positi ...

Listing Details MLS# 7076932

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
92
Owner Occupied
No
Waterfront YN
No
Year Built
1978
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
31500
For Sale or Lease
For Sale
Acres
1.8
Lot Dimensions
x
Assessment Pending
No

Property Features

Accessible: Other Assumable Loan: Not Assumable CMU Style: Other Construction Status: Previously Owned Current Use: Automobile Service; Business Service; Commercial; Industrial; Professional Service; Retail; Warehouse Existing Financing: Conventional Exterior: Other Foundation: Other Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate Overhead Door Clearance: 10-14 Feet Parking Characteristics: Parking Lot Potential Use: Industrial; Office; Retail; Shop; Warehouse; Wholesale Roof: Age Over 8 Years; Metal Sewer: City Sewer/Connected Stories: One Wall Description: Drywall Water: City Water - In Street

Contract Information

Contingency
None
ListPrice
2600000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3050
Street Name
Coon Rapids
Street Suffix
Boulevard
Street Direction Suffix
NW
Postal City
Minneapolis
County
Anoka
State
MN
Zip Code
55433
Complex/Dev/Subdivision
Auditors Sub 74

Assessments

Tax With Assessments
24093

Basement

Foundation Dimensions
210 x 150

More Information

Building Information

Building Finished SqFt
31500
Building SqFt
31500

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Door Height
14
Garage Door Width
8

Public Survey Info

Range#
24
Section#
16
Township#
31

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
10
IDX
Listing Office: Keller Williams Integrity Realty
Last Updated: July - 18 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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