14840 59 Highway NE

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14840 59 Highway NE

Thief River Falls, MN 56701
Asking Price
$500K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial development land spans 11.47 total acres.
  • Property is listed for sale at $499,900.
  • Site is located on 59 Highway NE in Thief River Falls.
  • Strategic location offers access to regional transportation corridors.
  • Spacious acreage suitable for industrial or commercial business uses.

What's Special

Development of this 11.47-acre commercial land parcel in Thief River Falls provides a strategic expansion point for industrial or retail operations. Situated along 59 Highway NE, the site benefits from established roadway access within a key northern Minnesota municipality. This expansive plot accommodates large-scale footprint requirements, making it suitable for businesses seeking land for warehousing, distribution facilities, or a standalone commercial complex. The city of Thief River Falls maintains a stable economic environment, supported by a mix of local industry and regional services. Investors and business owners looking to establish a long-term presence in a growing suburban market within the state will find this acreage conducive to a variety of commercial construction projects. With significant space available, the site allows for versatile site planning and flexible infrastructure development to meet specific operational needs.

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NOI
$80,000
Cap Rate
16.00%
DSCR
2.70
Strong
Cash-on-Cash
33.55%
Monthly Payment
$2,473.232
Annual Cash Flow
$50,321.211

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