810 4th Ave S Moorhead, MN 56560

Building Details

Year Built

1920

Listing office Property Resources Group Show Phone

Listing date Oct 15, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This investment property is located in Downtown Moorhead, MN. Known as The Lofts at Townsite, it features a favorable location with ample parking and proximity to several amenities. The property includes 51 apartment units, all constructed within the last 10 years, with excellent occupancy. The commercial space is fully occupied, presenting an opportunity for increased rental income as the current rents are below market value. Additionally, there are 9 garages on the property, with available space to construct more.

Key Highlights

• Great location in Downtown Moorhead, MN with ample parking and walking distance to amenities.
• Excellent occupancy in 51 apartment units, all new within the last 10 years.
• Upside potential in 100% occupied commercial space due to below market rents.

Property Analytics

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FAQs

What type of property is this?

Mixed-use property - Investment property in Downtown Moorhead with apartment and commercial spaces.

Where is this mixed-use property located?

The property is located at 810 4th Ave S 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: Great location in Downtown Moorhead, MN with ample parking and walking distance to amenities.; Excellent occupancy in 51 apartment units, all new within the last 10 years.; Upside potential in 100% occupied commercial space due to below market rents.