2323 16th Avenue South
About This Property
Marketing description
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.
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Investment highlights
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.
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