810 4Th Ave Moorhead, MN 56560

Property Details for 810 4Th Ave

Property type

Investment properties

Property subtype

Live-work space

APN

58.575.2230

APU

585752230

Description

This exceptional mixed-use property, located at 810 4th Ave S in Moorhead, Minnesota, presents a compelling investment opportunity. Boasting a substantial 79,632 square feet, this two-story building, constructed in 1920, sits on a generous 2.02-acre lot. The property features 51 apartment units, all renovated within the last 10 years and currently enjoying excellent occupancy rates. The commercial space, totaling a significant portion of the building, is also 100% occupied, but with below-market rents, presenting immediate upside potential for increased revenue. Nine existing garages provide ample parking, with further expansion possibilities on the site. The property offers a strong 6.25% capitalization rate, generating a net operating income (NOI) of $498,431, and is offered at an asking price of $7,975,000. Its prime downtown Moorhead location provides easy access to numerous amenities and ample parking. This is a rare chance to acquire a well-maintained, high-performing mixed-use asset with significant growth potential in a thriving Minnesota market. The property's strong financial performance, coupled with its strategic location and renovation history, makes it an attractive investment for discerning buyers seeking stable income and future appreciation.

Location Insight

City

Moorhead

County

Clay

State

Minnesota

Longitude

-96.7668

Latitude

46.8712

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments