3020 Minnesota Drive, Anchorage, AK 99503 (MLS# 25-6865)

3020 Minnesota Drive, Anchorage, AK 99503

$7,475,000
Property Type: Commercial Sale Square Footage: 66,681 Lot Size (sq. ft.): 186,872 Status: Active
Current Price: $7,475,000 Last Modified: 4/14/2026

Overview

Description

Sale includes 3020 & 3000 Minnesota Drive. Large 1-story shopping center with stand alone restaurant building, lots of parking. Long term tenants. PRIME location on the corner of Minnesota & Northern Lights. Large vacancy within shopping center, offering a huge value-add opportunity. Financials and appraisal available with NDA. Please do not disturb tenants.

Listing Details MLS# 25-6865

Contract Info

Price-List
7475000
Date-Listing
2025-06-06
EM Minimum Deposit
75000
Foreclosure/Bank Own
No

Location Tax and Legal

Area
10 - Spenard
Street #
3020
Street Name
Minnesota
Arterial
Drive
Closest USPS Town
Anchorage
State
AK
Zip Code
99503

Property Info

Type of Property
Single Use
Realtor.com Type
Commercial
Construction Status
Existing Structure
% of Space Leased
78.4
Acres
4.29
SF-Lot
186872.4
Lot Area Source
Other
SF-Res
66681
Floors
Yes
Zoning
B3 - General Business
Year Built
1977

Directions and Remarks

Directions
Heading North on Minnesota from downtown cross over Benson, then cross over Northern Lights- property is located on the corner of Minnesota and Northern Lights Blvd.

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1628
Tax Map #-Mat-Su
N/A
Legal
Minnesota Commons B1A
Taxes (Estimated)
85576
Tax Year
2025

Listing Terms Financing

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

More Information

Primary Space

Retail
Yes

Exterior Finish

Masonry
Yes
Stucco
Yes

Roof Type

Built-Up
Yes
Composition
Yes

Foundation

Poured Concrete
Yes

Access

Paved
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Documents

Appraisal
Yes
As-Built
Yes
Lease
Yes
P & L
Yes
Package Available
Yes

Property Features

Primary Space: Retail Exterior Finish: Masonry; Stucco Foundation: Poured Concrete Roof Type: Built-Up; Composition Sewer: Public Sewer Water Source: Public Access: Paved Listing Terms Financing: 1031 Exchange; Cash; Conventional Documents: Appraisal; As-Built; Lease; P & L; Package Available

Documents

Listing Office: GTK Real Estate
IDX
Last Updated: April - 14 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.

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