$2,600,000
MLS# 7076932
31500 sqft
1 / 43
Property 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, 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.
Details
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Current Price: $2,600,000
Contingency: None
ListPrice: 2600000
List Date: 2026-05-19
Office/Member Info
Association: SPAAR
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
Lot Dimensions: x
Acres: 1.8
Foundation Size: 31500
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: THAT PART OF LOT 6 AUDITORS SUBDIVISION 74 DESC AS FOL: BEG AT PT ON SWLY R/W LINE OF CSAH NO 1, 728.9 FT NWLY FROM SE COR OF SD LOT, TH NWLY ALG SD SWLY R/W LINE 200 FT, TH SWLY 557.75TFT TO PT ON S LINE OF SD LOT, 973.95 FT W OF SD SE COR OF SD LOT , TH E ALG S LINE OF SD LOT 214.06 FT TH NELY IN STRAIGHT LINE TO POB
Listing City: Coon Rapids
Map Page: 63
Municipality: Coon Rapids
School District: Anoka-Hennepin
School District Phone: 763-506-1000
Zip Plus 4: 2802
Property ID Number: 163124320007
Tax Year: 2026
Tax Amount: 24093
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: Coon Rapids Blvd & 111th Street
Accessible
Other: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 24093
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 210 x 150
Building Information
Building Finished SqFt: 31500
Building SqFt: 31500
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Other: 1
Foundation
Other: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Door Height: 14
Garage Door Width: 8
Parking Lot: 1
Public Survey Info
Range#: 24
Section#: 16
Township#: 31
Roof
Age Over 8 Years: 1
Metal: 1
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 10
Wall Description
Drywall: 1
Water
City Water - In Street: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
CMU Style
Other: 1
Current Use
Automobile Service: 1
Business Service: 1
Commercial: 1
Industrial: 1
Professional Service: 1
Retail: 1
Warehouse: 1
Overhead Door Clearance
10-14 Feet: 1
Potential Use
Industrial: 1
Office: 1
Retail: 1
Shop: 1
Warehouse: 1
Wholesale: 1
Location Tax and Other Information
Postal City: Minneapolis
County: Anoka
State: MN
Zip Code: 55433
Complex/Dev/Subdivision: Auditors Sub 74
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
Listing Office: Keller Williams Integrity Realty
Last Updated: May - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.