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2323 16th Ave S
Moorhead, MN 56560
Industrial Property For Sale
Executive Summary
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
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
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1973 |
| Property Subtype | Warehouse | Parking Ratio | 2.65/1,000 SF |
| Building Class | C | Clear Ceiling Height | 18’ |
| Lot Size | 1.69 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 15,064 SF | ||
| Zoning | Industrial | ||
| 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 |
Property Taxes
| Parcel Number | 58-504-0160 | Improvements Assessment | $738,500 |
| Land Assessment | $166,000 | Total Assessment | $904,500 |
Property Taxes
Parcel Number
58-504-0160
Land Assessment
$166,000
Improvements Assessment
$738,500
Total Assessment
$904,500
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