Moorhead Shop Condos For
For Sale
Contact for pricing
2721 20th Ave S, Moorhead, MN 56560
Two shop condos with expansion potential in Moorhead, Minnesota.
Property Size19,500 SF
Price / SF$151.28
Days on Market1111
Property Features for 2721 20th Ave S
General Information
Standard status
Active
Size
19,500 SF
Property subtype
Industrial
Investment Type
Net Lease
Building Details
Year Built
2019
Buildings
2
Listing Agency:
Property Resources Group
Listed By:
Justin Gustofson, CCIM, SIOR · License #9860
(701) 238-7370
Source:
Crexi
Added: Oct 16, 2023
Changed: Oct 25
Last Checked: Oct 28 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Property Resources Group
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Investment Insights
Based on property information with market context.
Two 9,750 square foot shop condos constructed by Morton Buildings are available for sale in Moorhead, Minnesota. The property is valued at a proforma 7% CAP rate in the sales price. Available land on the south side offers space for two additional 9,750 square foot building sites with utility infrastructure and storm water retention already in place. The land is valued at $350,000. Potential city incentives may be available for the construction of additional buildings.
Key Highlights
- Two 9,750 SF shop condos constructed by Morton Buildings.
- Proforma 7% CAP rate at sales price.
- Space for two additional 9,750 SF building sites.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 56560, MN
44,205
Population
19,366
Households
2.3
Avg Household Size
34
Median Age
42%
College-Educated
95%
High-School Grad
157.4 sq mi
ZIP Area
281
Density / Sq Mi
$71,114
Median Household Income
$42,072
Median Earnings
$1,019
Median Rent
$248,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two shop condos with expansion potential in Moorhead, Minnesota.
Where is this flex space located?
The property is located at 2721 20th Ave S Moorhead, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Two 9,750 SF shop condos constructed by Morton Buildings.; Proforma 7% CAP rate at sales price.; Space for two additional 9,750 SF building sites.
