3050 Coon Rapids Boulevard Nw, Coon Rapids, MN 55433

Property Description

This large multi-tenant commercial building presents a compellinginvestment opportunity, particularly for buyers seeking value-addpotential with built-in stability. The property benefits from zoning thatallows for both automotive and o?ice warehouse uses through aConditional Use Permit (CUP), which greatly expands the scope ofallowable tenants and maximizes long-term leasing flexibility.Currently, the building is leased at below-market rental rates, leavingsignificant room for future income upside as leases turn over or arerenegotiated. The tenant base is composed of a solid mix of occupantsfrom various industries, providing diversification and reducing the riskassociated with vacancy or market shifts.In addition to its favorable zoning and tenant structure, the propertyhas recently undergone major renovations totaling approximately$750,000. These capital improvements were completed by the currentownership and address many of the typical deferred maintenanceitems, positioning the building for reduced operational costs in the nearterm and increased attractiveness to new tenants.Overall, this asset combines strong fundamentals with meaningfulupside potential, making it an ideal candidate for investors seekingboth stability and growth in a well-located commercial property.