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    Property profile & analytics
    FOR SALE
    Commercial land

    440 Horsch Anderson Ave, Mapleton, ND 58059

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US56-0110714
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    APN 18-0530-00040-000
    UPID US56-0110714
    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
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    Blend (final) Blend
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    Owner & transaction history
    MAPLETON INVESTORS LLP
    MAPLETON INVESTORS LLP
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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