2800 Us-10 Moorhead, MN 56560
This exceptional 3.39-acre residential development land parcel, located at 2800 US-10 in Moorhead, Minnesota, presents a unique investment opportunity. Comprising approximately 147,831 square feet, this lot is ideally suited for multifamily or townhome development projects. The land is to be subdivided from an existing larger parcel (58.206.0010), offering a clean slate for new construction. Priced at $443,000, or $3 per square foot, this property offers significant potential for substantial returns. The seller is offering attractive financing options to qualified buyers, including a second mortgage of $85,000 with 5.00% interest-only payments and a 60-month balloon payment. This flexible financing structure makes this property accessible to a wider range of developers. The property is situated in Clay County, Minnesota, zip code 56560, providing convenient access to local amenities and infrastructure. This is a prime opportunity to acquire a sizable, well-located development site in a growing Minnesota market. Don't miss this chance to build your next successful project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.