$ 2,600,000
-
$2,600,000
Price -
31,500
SqFt -
1.8
Acre
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About the Listing 10071 - 506009587
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, 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.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water - In Street
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: x
- Zoning: Business/Commercial
- Roof: Age Over 8 Years,Metal
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $24,093
- Taxes w/Assessments: N/A
- Tax/Property ID: 163124320007
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3050 Coon Rapids Boulevard NW Coon Rapids, MN 55433
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