Listing Agency: IAG Commercial Show Phone

Listed By: Jeffrey LaFavre Show Phone

Source: Moodyscre

Added: Aug 10 Changed: Aug 13 Last Checked: Aug 22 at 1:02PM

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Investment Insights

Based on property information with market context.

This commercial land tract is currently zoned agricultural and is identified for future rezoning to support additional development. The property is within the City of Hillsboro and offers a substantial site for commercial or industrial planning, including manufacturing, distribution, big box retail, or equipment sales.

City sewer and water extensions are planned for the site. Access to I-29/Hwy. 81 is available via 163rd Ave. SE and the W. Caledonia Ave. diamond interchange, connecting the property with major transportation routes. The address is 163rd Ave SE & 1st St SE, Hillsboro, ND 58045.

Key Highlights

• Commercial land within the City of Hillsboro
• Currently zoned agricultural with planned rezoning for future development
• City sewer and water lines planned to be extended to the site

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Plumbing Service Real Estate Agency Kitchen & Bath Showroom Cafe & Coffee Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area Business Placement

Demographics for 58045, ND

2,298

Population

1,050

Households

2.2

Avg Household Size

39

Median Age

40%

College-Educated

97%

High-School Grad

209.8 sq mi

ZIP Area

11

Density / Sq Mi

$79,250

Median Household Income

$49,549

Median Earnings

$646

Median Rent

$203,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Agriculturally zoned land within Hillsboro with planned utility extensions and access to I-29/Hwy. 81.

Where is this commercial land located?

The property is located at 163rd Ave SE & 1st St SE Hillsboro, ND.

What is the asking price?

The asking price for this property is $1,955,820.

What are key features of this property?

This property features: Commercial land within the City of Hillsboro; Currently zoned agricultural with planned rezoning for future development; City sewer and water lines planned to be extended to the site