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3221 41St St Moorhead, MN 56560

Sponsored
For Sale
$1,100,000

High-yield truck parking, 8.04% cap rate.

Property size:
92,443 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional investment opportunity presents a 92,443 square foot truck parking lot in Moorhead, Minnesota, boasting a strong 8.04% capitalization rate and a current NOI of $88,445. The property, located at 3221 41st St S, 56560, features 50 parking spaces, currently 72% occupied (36 spaces leased) with a mix of annual and month-to-month tenants. The lot benefits from a prime location just off I-94, ensuring convenient access for commercial vehicles. Recent renovations in 2023 include the installation of new drainage, enhancing the overall functionality and appeal of the facility. Security cameras provide added safety and peace of mind. The existing lease structure includes one-year terms. The property's zoning is Commercial/Industrial, and the land value is $12.44 per square foot. The lot is situated on a 92,443 square foot parcel (APN: 58.417.0021). With potential for increased revenue through daily parking ($15/day), this property offers significant upside for a value-add investor. Partial seller financing may be available for qualified buyers. The occupancy date is September 1, 2024.

Property Features for 3221 41St St

General Information

Property type
Land
Square Feet
92,443 SF

Building Details

Year Renovated
2023
Units
1

HighLights

  • $1,100,000 asking price for a value‑add investment opportunity.
  • 92,443 SF truck parking lot in Moorhead, MN, with 8.04% cap rate and $88,445 NOI.
  • 50 parking spaces, currently 72% occupied (36 leased), with a 1‑year lease term.
  • Gross lease type, multi‑tenant property with potential for increased income via daily parking.
  • Property features security cameras and recently installed drainage; located near I‑94.
  • Land value: $12.44/SF; APN: 58.417.0021; Renovated in 2023.
Property Profile Location Intelligence

Current Use by Public Records

LT Parking Parking Lot

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Pharmacy Storage Facility Garden Center

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

Location Insight

  • Map
  • Local Demand
City
Moorhead
County
Clay
State
Minnesota
Longitude
-96.713380099068
Latitude
46.841509000903

FAQs

What type of property is this?
Land - High-yield truck parking, 8.04% cap rate.
Where is this land located?
The property is located at 3221 41St St Moorhead, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price for a value-add investment opportunity.; 92,443 SF truck parking lot in Moorhead, MN, with 8.04% cap rate and $88,445 NOI.; 50 parking spaces, currently 72% occupied (36 leased), with a 1-year lease term.
More about this property
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