108 5Th StMoorhead, MN 56560

Property Details for 108 5Th St

Year built

1920

Property size (Sq ft)

8,125 SF

Property type

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

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