2810 2Nd AveMoorhead, MN 56560

Property Details for 2810 2Nd Ave

Year built

1963

Property size (Sq ft)

3,316 SF

Property type

Healthcare properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity in Moorhead, Minnesota, presents a unique blend of existing buildings and significant undeveloped land. The property encompasses three buildings totaling 42,625 square feet of net rentable space, previously used as a rehabilitation center (3,316 sq ft), assisted living center (10,763 sq ft), and nursing home (25,244 sq ft). Currently vacant, this versatile property offers a wide range of redevelopment possibilities, including but not limited to inpatient treatment centers, medical offices, daycare facilities, schools, co-working spaces, multifamily housing, or assisted living. Adding significant value is the inclusion of 147,831 square feet of undeveloped land, which can be sold separately from the existing buildings. The property sits on a large 354,735 square foot lot and is strategically located along US Highway 10. The buildings are single-story structures built in 1963 and classified as Class C. The asking price is $3,208,000. Seller financing is available, with a potential $600,000 second mortgage at 5.00% interest-only payments for 60 months, subject to qualification. This presents a compelling opportunity for owner-users or investors seeking a substantial property with significant upside potential.

Location Insight

City

Moorhead

County

Clay

State

Minnesota

Latitude

46.8777

Longitude

-96.7351

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