810 4Th Ave Moorhead, MN 56560

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.