For Sale
$2,950,000

2721 20Th AveMoorhead, MN 56560

Two Shop Condos, Land, NNN Leases

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $2,950,000 Asking Price
  • Two 9,750 SF shop condos, built in 2019 by Morton Buildings, located in Moorhead, MN.
  • Fully leased with Net NNN leases, generating $181,633.56 projected annual income in 2024.
  • 7% capitalization rate.
  • 2.38-acre lot with potential for two additional 9,750 SF buildings; existing infrastructure in place.
  • Potential city incentives available for new construction.

Property Details for 2721 20Th Ave

Property type
Industrial properties
Year Built
2019
Buildings
2
Lot Size (sq. ft)
103,673 SF

Location Insight

City
Moorhead
County
Clay
State
Minnesota
Latitude
46.8557995
Longitude
-96.7335834
2721 20Th Ave, Moorhead, Minnesota

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2721 20Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message