Storefront Property with Drive-In
3060 Coon Rapids Boulevard NW, Coon Rapids, MN 55433
For Sale
$650,000
An open interior and parking at the front and rear support a range of business configurations.
Property Size4,900 SF
Price / SF$132.65
Days on Market105
Property Features for 3060 Coon Rapids Boulevard NW
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
monument sign
drive-in door
fenced-in parking lot
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Chad E Heer · License #40427410
(612) 963-5147
Source:
Artandersonrealty
Added: Jul 28
Changed: Nov 7
Last Checked: Nov 8 at 2:21PM
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 Keller Williams Realty Integrity Lakes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,900-square-foot storefront has a wide-open interior and a drive-in door for deliveries or customer pickups. Parking is available at the front and rear, with the rear lot secured by fencing. Two electrical panels are being added, along with new exterior lighting.
The property fronts Coon Rapids Boulevard, which carries 20,000 vehicles per day. Access is available from the frontage road, and nearby amenities include shops, restaurants, and a bus line. A monument sign is also on site.
The property fronts Coon Rapids Boulevard, which carries 20,000 vehicles per day. Access is available from the frontage road, and nearby amenities include shops, restaurants, and a bus line. A monument sign is also on site.
Key Highlights
- 4,900‑square‑foot storefront with a wide‑open interior
- Drive‑in door for deliveries or customer pickups
- Front and rear parking; rear lot is fenced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,013
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,260
$1.2M
Cap Rate 7%
$843,043
$843.0K
Cap Rate 9%
$655,700
$655.7K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$91.1K $18.60/SF
− Vacancy
−$6.8K −$1.40/SF
EGI
$84.3K $17.21/SF
− OpEx
−$25.3K −$5.16/SF
NOI
$59.0K $12.04/SF
Area
ZIP 55433
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,260
Cap Rate 7%
$843,043
Cap Rate 9%
$655,700
Alternative Uses
Best Use
Retail
$843.0K
$737.7K – $983.6K
NOI $59,013 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,833 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,759 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,056 visits/mo
0.2 miles
AutoZone
Shops & Services
1,890 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - An open interior and parking at the front and rear support a range of business configurations.
Where is this storefront property located?
The property is located at 3060 Coon Rapids Boulevard NW Coon Rapids, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,900‑square‑foot storefront with a wide‑open interior; Drive‑in door for deliveries or customer pickups; Front and rear parking; rear lot is fenced
