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2323 16th Ave S 15,064 SF 77% Leased Industrial Building Moorhead, MN 56560 $1,242,150 CAD ($82.46 CAD/SF)
Executive Summary
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
Property Facts
| Price | $1,242,150 CAD | Rentable Building Area | 15,064 SF |
| Price Per SF | $82.46 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1973 |
| Property Type | Industrial | Parking Ratio | 2.65/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 1.69 AC | ||
| Zoning | Industrial | ||
| Price | $1,242,150 CAD |
| Price Per SF | $82.46 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.69 AC |
| Rentable Building Area | 15,064 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 2.65/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | Industrial |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
3,400 SF Heated shop for lease in Moorhead Industrial Park. Shop offers two garage doors, office, and large concrete mezzanine. Common area includes conference room, breakroom, and both men’s & women’s restrooms. $3,000/Month gross lease rate includes all expenses, utilities and 3,000 SF of exterior concrete parking. Additionally, 0.6 acres of yard space can be added for $1,000/Mo.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - Shop Space | 3,400 SF | Flex | - | Now |
1st Fl - Shop Space
| Size |
| 3,400 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - Shop Space
| Size | 3,400 SF |
| Space Use | Flex |
| Build-Out | - |
| Available | Now |
3,400 SF Heated shop for lease in Moorhead Industrial Park. Shop offers two garage doors, office, and large concrete mezzanine. Common area includes conference room, breakroom, and both men’s & women’s restrooms. $3,000/Month gross lease rate includes all expenses, utilities and 3,000 SF of exterior concrete parking. Additionally, 0.6 acres of yard space can be added for $1,000/Mo.
Property Taxes
| Parcel Number | 58-504-0160 | Improvements Assessment | $1,051,425 CAD |
| Land Assessment | $236,339 CAD | Total Assessment | $1,287,764 CAD |
Property Taxes
Presented by
2323 16th Ave S
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