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    OFF-MARKET
    Commercial real estate

    16210 150th NE St, Thief River Falls, MN 56701-8473

    5.03 ac lot
    Entity Owned Free & Clear
    Property ID
    US46-2378660
    Property summary
    AI-generated overview

    This exceptional commercial property in Thief River Falls, Minnesota, presents a unique investment opportunity. Located at 16210 150th Street NE, this 2022-built property boasts a spacious 219,106.8 square foot lot encompassing a modern office building and a heated shop/warehouse. The office space is move-in ready, featuring a welcoming reception area, four private offices, and a large conference room, ideal for collaborative work or client meetings. All office furniture is included in the sale, simplifying the transition for new owners. Additional office amenities include a convenient kitchenette, a half-bath, a dedicated storage/security monitoring room, and a mechanical room. The attached shop/warehouse, measuring 40' x 80', offers ample space for various uses. Access is provided by one 16' x 14' overhead door and one 10' x 12' overhead door, along with a walk-in door and a half-bath. The warehouse features a heated interior and a durable cement floor. The surrounding area is fully fenced for enhanced security. The property utilizes a 2022-installed mound septic system and shares a well with the office building. This turnkey property offers immediate occupancy and is conveniently located with easy access to Thief River Falls. The asking price is $499,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 5.03 ac (219,107 SF)
    APN R-16.00101200
    UPID US46-2378660
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Border Bank
    Border Bank
    since 2025
    6 recorded transactions
    2025
    2023
    2023
    2021
    $185,000
    2017
    $171,000
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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