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810 4Th Ave Moorhead, MN 56560

Sponsored
For Sale
$7,975,000

High-yield multi-family & commercial building.

Property size:
79,632 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use property, located at 810 4th Ave S in Moorhead, Minnesota, presents a compelling investment opportunity. Boasting a substantial 79,632 square feet, this two-story building, constructed in 1920, sits on a generous 2.02-acre lot. The property features 51 apartment units, all renovated within the last 10 years and currently enjoying excellent occupancy rates. The commercial space, totaling a significant portion of the building, is also 100% occupied, but with below-market rents, presenting immediate upside potential for increased revenue. Nine existing garages provide ample parking, with further expansion possibilities on the site. The property offers a strong 6.25% capitalization rate, generating a net operating income (NOI) of $498,431, and is offered at an asking price of $7,975,000. Its prime downtown Moorhead location provides easy access to numerous amenities and ample parking. This is a rare chance to acquire a well-maintained, high-performing mixed-use asset with significant growth potential in a thriving Minnesota market. The property's strong financial performance, coupled with its strategic location and renovation history, makes it an attractive investment for discerning buyers seeking stable income and future appreciation.

Property Features for 810 4Th Ave

General Information

Property type
Mixed-use properties
Square Feet
79,632 SF
Lot Size
87,991 SF

Building Details

Year Built
1920
Stories
2

HighLights

  • $7,975,000 asking price.
  • Mixed‑use property with multi‑family component.
  • 79,632 square feet.
  • 6.25% cap rate.
  • $498,431 Net Operating Income (NOI).
  • 1920 construction year.
Property Profile Location Intelligence

Current Use by Public Records

Anytime Tax Service Tax Preparation Service Arc Minnesota West ... Social Services Organization MetLife Auto & Home ... Auto Insurance Agency MN & ND MetLife ... Insurance Agency Inspire Innovation Lab Education Center

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Moorhead
County
Clay
State
Minnesota
Longitude
-96.767222
Latitude
46.8712051

FAQs

What type of property is this?
Mixed-use property - High-yield multi-family & commercial building.
Where is this mixed-use property located?
The property is located at 810 4Th Ave Moorhead, MN.
What is the asking price?
The asking price for this property is $7,975,000.
What are key features of this property?
This property features: $7,975,000 asking price.; Mixed-use property with multi-family component.; 79,632 square feet.
More about this property
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