730 Ctr Ave, Moorhead, MN 56560-1949
This exceptional mixed-use property, a former bank building, presents a unique investment opportunity in the heart of downtown Moorhead, Minnesota. Located at the highly visible, signalized intersection of 8th Street and Center Avenue, the 43,872 square foot building sits on a substantial 1.91-acre lot (83,319 sq ft), offering significant redevelopment potential. Built in 1974, the structure boasts a robust structural steel frame, a striking two-story lobby with a clerestory, multiple elevators, and three secure vaults. The property also includes a six-lane drive-thru, a valuable asset for a variety of potential uses. The asking price is $2,500,000, translating to $56.98 per square foot. The property is currently vacant and zoned for Downtown Mixed Use (APN: 58.575.0880). Please note that the sale is contingent upon a two-year use restriction prohibiting operation as a financial institution. This prime location and versatile building offer a compelling opportunity for adaptive reuse and significant return on investment. The property's size and prominent location make it ideal for a variety of commercial ventures.
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Skatvold Paul O Law Firm
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Johnson Joel D Law Firm
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DeKrey Hock Law Firm
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Wells Fargo Bank Bank Loan Service
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CPA Accountant Tax Group Accounting Firm Tax Preparation
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
Similar Nearby for Lease
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.