Property profile

1150 40th S Ave Grand Forks, ND 58201

OFF-MARKET
Commercial real estate
Property ID
US56-0734757
6,204 SF 1.15 ac lot Built 1998
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 1150 40th Ave S in Grand Forks, North Dakota, presents a unique investment opportunity. Encompassing 25,353 square feet (just over half an acre), this lot is ideally situated to the east of a Holiday Station store on South Washington. Currently part of a larger lot, this property is soon to be subdivided into its own independent parcel, providing a clean and clearly defined ownership. The seller is actively developing the northern portion of the original lot, leaving this southern 25,353 square foot section available for purchase. Detailed site plans and further information are available upon request. This property offers significant potential for various commercial ventures, given its convenient location and proximity to established businesses. The asking price for this prime commercial land is $266,206. The property's address is verified as 1150 40th Ave S, Grand Forks, ND 58201. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of Grand Forks. Don't miss out on this chance to secure a valuable asset in a desirable location. Contact us today to learn more and schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 6,204 SF
Lot 1.15 ac (50,000 SF)
APN 44160800001000
UPID US56-0734757

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Veterinary Clinic
  • Veterinary Clinic

Location

1150 40th S Ave Grand Forks, ND 58201-7236
Grand Forks metro Census 11202 GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
$605k
Comparable Approach Comparable
$815k
Blend (final) Blend
$405k

Owner & transaction history

since 2018
1 recorded transaction
2018
$900,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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