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2721 20Th Ave Moorhead, MN 56560

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Two Shop Condos, Land, NNN Leases

Property Features for 2721 20Th Ave

General Information

Property type
Industrial properties
Lot Size
103,673 SF

Building Details

Year Built
2019
Buildings
2

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Listing Contact
Justin Gustofson, Ccim
Justin Gustofson, Ccim

Listing Agency: Property Resources Group Listing Agent: Justin Gustofson, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity in Moorhead, Minnesota, presents two fully leased 9,750 square foot shop condos, built in 2019 by Morton Buildings. Both units are secured by net-lease agreements, generating an anticipated annual income of $181,633.56 in 2024. This translates to a 7% capitalization rate based on the asking price of $2,950,000. The property sits on a 2.38-acre lot, offering significant expansion potential. A valuable asset is the available land on the south side of the property, already prepared for the construction of two additional 9,750 square foot buildings. This land, valued at $350,000, includes existing utility infrastructure and stormwater retention, significantly reducing development costs. Furthermore, potential city incentives may be available for the construction of additional buildings on this readily-developable land, adding further value to this already strong investment. This property is an ideal addition to any commercial real estate portfolio seeking stable income and future growth opportunities in a thriving Minnesota market. The property is located at 2721 20th Ave S, Moorhead, MN 56560, in Clay County.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Warehouse Unit J Warehouse & Storage

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Moorhead
County
Clay
State
Minnesota
Longitude
-96.7335834
Latitude
46.8557995

FAQs

What type of property is this?
Industrial property - Two Shop Condos, Land, NNN Leases
Where is this industrial property located?
The property is located at 2721 20Th Ave 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: $2,950,000 Asking Price; Two 9,750 SF shop condos, built in 2019 by Morton Buildings, located in Moorhead, MN.; Fully leased with Net NNN leases, generating $181,633.56 projected annual income in 2024.
(701) 238-7370 Call to check price and availability
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