1123 N 42nd St, Grand Forks, ND 58203
Stand alone office building for sale or lease.
- Added:
- Mar 17, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 20 at 12:05 am
Property Features for 1123 N 42nd St
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Mixed Use, Office
Listing office Dakota Commercial (701) 772-3101
Listing date Mar 17, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Dakota Commercial
HighLights
- Stand‑alone office building with private parking lot.
- Six offices with windows and a large lobby with display area.
- Includes kitchenette/break room and two large restrooms.
- Pylon sign for high visibility.
- 10'x12' storage shed included.
- Available for quick occupancy.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $15.00 |
| − Vacancy | −$3.6k | −$1.80 |
| EGI | $26.4k | $13.20 |
| − OpEx | −$6.6k | −$3.30 |
| NOI | $19.8k | $9.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Forks
- County
- Grand Forks
- State
- North Dakota
- Longitude
- -97.0886911
- Latitude
- 47.9306912
