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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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