2900 13th S St Moorhead, MN 56560-5103
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2900 13th S St
- Property type
- Commercial real estate
- APN
- 58.162.0010
- APU
- 581620010
Description
This exceptional 162,000 square foot development land parcel presents a unique investment opportunity in Moorhead, Minnesota. Located at 2900 13th Street S, Lot 2, this property boasts high visibility and convenient access. Its strategic location offers significant advantages for commercial or residential development. The asking price is $810,000, translating to a land value of $5 per square foot. The lot is zoned for both residential and commercial uses, providing flexibility for a variety of development projects. Its prime location along I-94 ensures exceptional visibility and accessibility, attracting significant traffic. Furthermore, the property benefits from its proximity to established businesses, including 1st International Bank, Walgreens, Dairy Queen, Holiday Gas, Microtel, and Rasmussen College, creating a vibrant and desirable surrounding area. This high-traffic location and established neighborhood make this a compelling opportunity for developers seeking a strategic location with strong potential for return on investment. The property is situated in Clay County, Minnesota, with a zip code of 56560. Easy access from 30th Ave S further enhances its appeal. This is a rare chance to acquire a substantial parcel of land with significant development potential in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,235,000
- 6.5%
- $1,280,000
- 7%
- $1,385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,575,000
- Geo Method
- $1,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,440,000
- Retail
- $1,420,000
- Mixed-Use
- $1,065,000
- Hospitality
- $1,210,000
- Educational
- $1,390,000
- Residential Income
- $1,030,000
- Energy
- $1,190,000
- Income-Based Land
- $1,195,000
- Food Service
- $1,295,000
Location Insight
- Map
- Local Demand
- City
- Moorhead
- County
- Clay
- State
- Minnesota
- Longitude
- -96.7584
- Latitude
- 46.8455
- CBSA code
- 22020
- CBSA name
- FARGO, ND-MN METROPOLITAN STATISTICAL AREA
