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    Property profile & analytics

    2740 Main St Coon Rapids, MN 55448

    • Commercial real estate
    • 18,018 SF
    • 1.99 lot acres
    For Lease
    View listing
    Last Sale
    Sep 10, 2021
    $4,450,000
    Value Estimations
    $4,330,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0880380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Candy Store / Costume Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 2740 Main St

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.99 lot acres
    Property size
    18,018 SF
    Property type
    Commercial real estate
    APN
    09-31-24-12-0018
    APU
    93124120018

    Description

    This exceptional retail opportunity in Coon Rapids, Minnesota, presents 1,557 square feet of vacant space for lease within the Riverdale Market building at 2740 Main St NW, zip code 55448. Located in Anoka County, this property offers multiple tenancy options, ideal for a variety of retail businesses. The entire 1,557 square feet is currently available, providing a blank canvas for your vision. The building's address is situated in a high-traffic area, ensuring excellent visibility and accessibility for potential customers. This presents a unique chance to establish a strong presence in a thriving community. The property is classified as commercial retail, offering a versatile space adaptable to various retail concepts. The precise layout and configuration can be tailored to meet the specific needs of the tenant. This location offers a significant advantage for businesses seeking a prominent position in a busy commercial area. The property's size and layout are well-suited for a range of retail uses, from smaller boutiques to larger retail operations. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located in Coon Rapids, Minnesota, offering easy access to major transportation routes and a strong local customer base. This is a rare opportunity to secure a prime retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,525,000
      ML approach
      $5,455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,390,000
      6.5%
      $3,130,000
      7%
      $2,905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,984,000
      Market price range: $1.28M - $4.45M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coon Rapids
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3366
    Latitude
    45.1969
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $100,803
    $1,063,000
    $2,818,900
    $3,881,900
    -
    $1,063,000
    $2,818,900
    $3,881,900

    Comparable in this City

    • Value Estimation by Request
      1.49 Acres

      Nw & Hanson Blvd

      Land • 1.49 Acres
      0 Nw & Hanson Blvd, Minneapolis, MN 55448
      View Details
    • Value Estimation
      $1,150,000
      7,471 SF

      9154 University NW Ave

      COMMERCIAL (GENERAL) • 7,471 SF
      9154 University NW Ave, Coon Rapids, MN 55448-6109
      View Details
    • Value Estimation
      $755,000
      6,188 SF

      10120 University NW Ave

      COMMERCIAL (GENERAL) • 6,188 SF
      10120 University NW Ave, Coon Rapids, MN 55448-6151
      View Details
    • Value Estimation
      $1,020,000
      6,560 SF

      12519 Riverdale NW Blvd

      COMMERCIAL (GENERAL) • 6,560 SF
      12519 Riverdale NW Blvd, Coon Rapids, MN 55448-6708
      View Details
    • Value Estimation
      $1,120,000
      8,760 SF

      12921 Riverdale NW Dr

      COMMERCIAL (GENERAL) • 8,760 SF
      12921 Riverdale NW Dr, Coon Rapids, MN 55448-1064
      View Details
    • Value Estimation
      $895,000
      6,520 SF

      3360 Northdale NW Blvd

      COMMERCIAL (GENERAL) • 6,520 SF
      3360 Northdale NW Blvd, Coon Rapids, MN 55448-1601
      View Details

    Similar Nearby for Sale

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      Gateway Center Lot: Coon Rapids

      1.49-acre commercial lot, ready to build.
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    • $2,000,000
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      Minneapolis Mixed-Use Investment

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    Similar Nearby for Lease

    • $16 SF/Yr
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      New Construction Industrial Space

      New industrial space with highway access and floor drains.
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    • $19 SF/Yr
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      Class A office space for lease in Coon Rapids.
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      Prime Anoka County office space available.
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    • Contact for pricing
      1,557 SF

      Riverdale Market: Coon Rapids Retail

      Prime Coon Rapids retail space available. Multiple units, high visibility.
      2740 Main St, Coon Rapids, MN 55448
      View Details
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      41,937 SF

      Coon Rapids Manufacturing/Distribution Space

      41,937 SF manufacturing/distribution space in Coon Rapids, Minnesota.
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      Retail Space Available For Lease

      3,650 SF in-line retail space available for lease.
      13131 NW Riverdale Blvd, Coon Rapids, MN 55448
      View Details
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    2740 Main St
    Coon Rapids, MN 55448
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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