3050 Coon Rapids Boulevard NWCoon Rapids, MN 55433
$2.6 million
31,500 finished sq ft · 1.8 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1978
- Finished sq ft
- 31,500
- Lot
- 1.8 acres
- Heating
- Natural Gas, Forced Air
- Property taxes
- $24,295 a year
- Listed
- October 13, 2026
- MLS number
- 7159413
Listing courtesy of Keller Williams Integrity Realty (Rustam Muharamov). MLS #7159413.
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How it compares
3050 Coon Rapids Boulevard NW, Coon Rapids, MN 55433 is a single-family home built in 1978, listed for $2.6 million on October 13, 2026 by Keller Williams Integrity Realty. That is in the upper quarter of the 82 single-family homes for sale in Coon Rapids right now (median $358,250; $83 per square foot here against $186 for the group). That works out to $83 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Coon Rapids community guideSchools, commutes, parks, home values and local stories.
- Coon Rapids housing market, September 2026Homes sold for a median $335,000 over 12 months (−1.5%), 37 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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