440 Horsch Anderson Ave, Mapleton, ND 58059
For Sale
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This exceptional 3.16-acre industrial land parcel, located at 440 Horsch Anderson Ave in Mapleton, North Dakota (zip code 58059), presents a compelling investment opportunity. Situated in the Mapleton I-94 Development Park - Lot 4 Block 1, this property boasts convenient access to Interstate 94, placing it just minutes west of Fargo and West Fargo. The lot size is 137,780 square feet, and the asking price is $310,005, translating to a land value of $2.25 per square foot. The property is zoned for industrial use (I) and is located on a newly constructed 80,000 lb. concrete road. A significant advantage is its location outside the 500-year floodplain, minimizing the need for extensive fill. Furthermore, many lots within this development park are situated within a Tax Increment Financing (TIF) district, offering potential tax benefits to buyers who secure TIF approval from the city of Mapleton. This could further reduce already low assessed special assessments. The development park also benefits from over 100 acres of unplatted land available for future expansion, catering to large-scale users and potentially offering rail access near Highway 10. This prime location offers superior accessibility and visibility at a significantly lower cost than comparable land within the Fargo-Moorhead metro area. This presents a rare opportunity to acquire a well-situated industrial lot with significant potential for growth and development.
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
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.