16210 150th NE St, Thief River Falls, MN 56701-8473
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.