Office
For Sale
$700,000
2393 Coon Rapids Blvd NW, Minneapolis, MN 55433
Office building available for sale at 2393 Coon Rapids Blvd NW in Minneapolis, MN 55433.
Property Size3,680 SF
Days on Market209
Property Features for 2393 Coon Rapids Blvd NW
General Information
Standard status
Active
Size
3,680 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
3,680 SF
Year Built
1975
Listing Agency:
Arrow Companies
Listed By:
Chad Weeks · License #20285891
Source:
Commercialcafe
Added: Mar 28
Changed: Oct 16
Last Checked: Oct 20 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arrow Companies
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Investment Insights
Based on property information with market context.
The property is an office building offered for sale as commercial real estate. It is identified as an office building/office space listing within the provided property information, with availability in a for-sale transaction.
The asset is located at 2393 Coon Rapids Blvd NW, Minneapolis, MN 55433. No additional details were provided regarding building size, unit configuration, condition, parking, or interior improvements.
For buyers and tenant/broker teams, this listing can serve as a starting point for due diligence on the existing office space, physical layout, and any operational considerations, based on the final offering terms and property documentation.
The asset is located at 2393 Coon Rapids Blvd NW, Minneapolis, MN 55433. No additional details were provided regarding building size, unit configuration, condition, parking, or interior improvements.
For buyers and tenant/broker teams, this listing can serve as a starting point for due diligence on the existing office space, physical layout, and any operational considerations, based on the final offering terms and property documentation.
Key Highlights
- Office building built in 1975
- Available for sale at 2393 Coon Rapids Blvd NW, Minneapolis, MN 55433
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,500
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,000
$930.0K
Cap Rate 7%
$664,286
$664.3K
Cap Rate 9%
$516,667
$516.7K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$79.5K $21.60/SF
− Vacancy
−$17.5K −$4.75/SF
EGI
$62.0K $16.85/SF
− OpEx
−$15.5K −$4.21/SF
NOI
$46.5K $12.64/SF
Area
ZIP 55433
Vacancy
22.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,000
Cap Rate 7%
$664,286
Cap Rate 9%
$516,667
Alternative Uses
Best Use
Office B
$664.3K
$581.3K – $775.0K
NOI $46,500 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$878.0K
$768.2K – $1.02M
NOI $61,458 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 55433, MN
34,618
Population
14,351
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
93%
High-School Grad
11.6 sq mi
ZIP Area
2,984
Density / Sq Mi
$80,213
Median Household Income
$48,377
Median Earnings
$1,345
Median Rent
$274,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building available for sale at 2393 Coon Rapids Blvd NW in Minneapolis, MN 55433.
Where is this office building located?
The property is located at 2393 Coon Rapids Blvd NW Minneapolis, MN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Office building built in 1975; Available for sale at 2393 Coon Rapids Blvd NW, Minneapolis, MN 55433
