Listing Agency: Property Resources Group Show Phone

Listed By: Justin Gustofson Show Phone

Source: Moodyscre

Added: Jul 1, 2024 Changed: Aug 9 Last Checked: Sep 2 at 12:34AM

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Investment Insights

Based on property information with market context.

The former Legion Building, encompassing 22642 square feet, is available for sale in downtown Fargo. The building is located directly across from the new RDO Tower, a newly constructed mid-rise, mixed-use tower that serves as the headquarters for R.D. Offutt Company. RDO Tower also includes ground floor retail, a boutique hotel, restaurant, and residential condominiums. This property may qualify for Renaissance Zone or Opportunity Zone tax benefits.

Key Highlights

• Prime downtown Fargo location directly across from the new RDO Tower.
• Proximity to RDO Tower's mix‑use amenities: retail, boutique hotel, restaurant, and residential condominiums.
• Potential qualification for Renaissance Zone tax benefits.

Property Analytics

Property Profile

Current Use

American Legion Advocacy Group Legacy Ballroom Hotel & Motel

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store Locksmith Butcher Wine and Liquor Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,190

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Former Legion Building in downtown Fargo, across from RDO Tower.

Where is this apartment building located?

The property is located at 505 3 Ave N Fargo, ND.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Prime downtown Fargo location directly across from the new RDO Tower.; Proximity to RDO Tower's mix‑use amenities: retail, boutique hotel, restaurant, and residential condominiums.; Potential qualification for Renaissance Zone tax benefits.