2721 20Th Ave Moorhead, MN 56560

This exceptional investment opportunity in Moorhead, Minnesota, presents two fully leased 9,750 square foot shop condos, built in 2019 by Morton Buildings. Both units are secured by net-lease agreements, generating an anticipated annual income of $181,633.56 in 2024. This translates to a 7% capitalization rate based on the asking price of $2,950,000. The property sits on a 2.38-acre lot, offering significant expansion potential. A valuable asset is the available land on the south side of the property, already prepared for the construction of two additional 9,750 square foot buildings. This land, valued at $350,000, includes existing utility infrastructure and stormwater retention, significantly reducing development costs. Furthermore, potential city incentives may be available for the construction of additional buildings on this readily-developable land, adding further value to this already strong investment. This property is an ideal addition to any commercial real estate portfolio seeking stable income and future growth opportunities in a thriving Minnesota market. The property is located at 2721 20th Ave S, Moorhead, MN 56560, in Clay County.