108 5Th StMoorhead, MN 56560
- Office properties
- 8,125 SF
Property Details for 108 5Th St
- Year built
- 1920
- Property size (Sq ft)
- 8,125 SF
- Property type
- Office properties
- Property subtype
- Other office properties
Description
This exceptional investment opportunity presents a mixed-use property located at 108 5th St S, Moorhead, MN 56560. The building, constructed in 1920, boasts 8,125 square feet of traditional office space, currently 78% occupied, with a strong asking price of $1,100,000. The property features nine commercial units, ideal for retail, office, or dining establishments, and six residential units, each offering one bedroom and one bathroom. The current cap rate stands at an attractive 7.70%, reflecting a robust cash flow. Only one commercial unit remains vacant, presenting immediate potential for increased revenue. The property's prime downtown Moorhead location offers significant advantages, including access to city incentives designed to support downtown businesses. Detailed financial information is available upon execution of a confidentiality agreement. This is a rare chance to acquire a well-established, income-generating property in a thriving Minnesota community. The price per square foot is $135.38, reflecting the building's strong value and potential for future appreciation. The lease type is modified, and the tenancy is multi-tenant. This property offers a unique blend of commercial and residential income streams, making it an attractive investment for discerning buyers.
Location Insight
- City
- Moorhead
- County
- Clay
- State
- Minnesota
- Latitude
- 46.8734
- Longitude
- -96.7721
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].