2323 16th Ave S - Warehouse FOR SALE


Moorhead, MN 56560
$875,000 USD
701-200-7691
2323 16th Ave S, Moorhead, MN for Sale
$875,000 USD
Warehouse - FOR SALE
1/2
null | Request Cap Rate

2323 16th Ave S
Moorhead, MN 56560


OVERVIEW

Located at 2323 16th Ave S in Moorhead, MN, this multi-tenant industrial property presents an opportunity to acquire an income-producing property for under $1,000,000. The property combines stable, diversified tenancy with potential upside through approximately 26,000 square feet of excess land, which could be used for outdoor storage income or a future building addition. A 3,400-square-foot shop space is currently vacant for a possible owner/user to occupy a turnkey industrial space while receiving income from the other existing tenants. Investment Highlights Below-Market Pricing: A hard-to-find industrial investment opportunity priced at $875,000, below the assessed value of $904,500. Strong Cap Rate: 2025 net operating income reflects a 7.6% cap rate, inclusive of the value attributable to the excess land. Excess Land for Growth: Approximately 26,000 SF of additional land provides flexibility for outdoor storage income or a future building expansion, adding upside beyond current in-place cash flow. Owner/Agent

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.69

LAND SF

73,616

ZONING

Industrial

APN/PARCEL ID

58-504-0160

ASK ABOUT THIS PROPERTY

Matt OlsonProperty Resources GroupMore Info
701-200-7691

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Matt OlsonProperty Resources GroupMore Info
701-200-7691

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.