3060 Coon Rapids Boulevard Coon Minneapolis, MN 55433
For Sale
$650,000
Retail space
Property Size4,900 SF
Price / SF$132.65
Days on Market49
Property Features for 3060 Coon Rapids Boulevard Coon
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Free Standing Building
Building Details
Year Built
1973
Properties For Sale
at 3060 Coon Rapids Boulevard Coon Contact us
Listing Agency:
KW Commercial | The Summit CRE Group
(612) 963-5147
Listed By:
Chad Heer, CCIM · License #40427410
(612) 963-5147
Source:
Thebrokerlist
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 29 at 3:28AM
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 KW Commercial | The Summit CRE Group
Investment Insights
Based on property information with market context.
Key Highlights
- 1973‑built commercial space on high‑traffic Coon Rapids Boulevard with 20,000 vehicles per day and a large monument sign
- Easy employee and customer access from the frontage road near 111th Avenue NW, with nearby shops, restaurants, and a bus line
- Ample parking in front and back, plus a drive‑in door for deliveries or customer pickups
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $18.60 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $84.3k | $17.21 |
| − OpEx | −$25.3k | −$5.16 |
| NOI | $59.0k | $12.04 |
4,900 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
Where is this retail space located?
The property is located at 3060 Coon Rapids Boulevard Coon Minneapolis, 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: 1973‑built commercial space on high‑traffic Coon Rapids Boulevard with 20,000 vehicles per day and a large monument sign; Easy employee and customer access from the frontage road near 111th Avenue NW, with nearby shops, restaurants, and a bus line; Ample parking in front and back, plus a drive‑in door for deliveries or customer pickups
