InForum's Ingrid Harbo reported that the Metro Flood Diversion Authority has contracted Horizon Real Estate Group to manage the sale of the Horace North Dakota, grain elevator site after a July auction failed to meet the $550,000 reserve price. The highest bid was $99,500, well below the 2023 appraisal value of over $1 million.
Justin Fisher, director of lands and compliance, said the move will help determine the true market value amid growing demand in Horace. The six-month exclusive agreement includes a 6% commission split between agents upon sale.
The property, owned by the Cass County Joint Water Resource District, was acquired to avoid building a railroad bridge for the $3.2 billion Fargo-Moorhead Area Diversion flood control project. Located in Horace’s downtown, the grain elevator is a historic landmark favored by residents in local planning discussions
