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    2550 S Columbia Rd Grand Forks, ND 58201

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    For Sale
    $1,900,000

    Retail strip mall with diverse tenants and income potential.

    Property size:
    10,600 SF
    Lot size:
    1.03 Acres

    Property Features for 2550 S Columbia Rd

    General Information

    Size
    10,600 SF
    Lot size
    1.03 Acres

    Source: Horizon Real Estate Group Agent Brian Tulibaski, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Mall For Sale

    This retail property at 2550 S Columbia Rd, Grand Forks, ND, features a building size of 11,415 square feet on a 44,868 square foot lot. The property is currently occupied by several tenants, including New Horizon Childcare (3067 SF), Tina's Nail Spa (3200 SF), and Northern Roots Boutique (2994 SF). The seller is offering a leaseback option for 2154 SF. The property generates a net operating income (NOI) of $165,622, with common area maintenance (CAM) charges of $4.50 per square foot and a blended base rent of $14.51.
    Insight Report Location Intelligence

    Current Use by Public Records

    Northern Roots Boutique Women'S Clothing Store Av Dental Dentist Vogelsang David R ... Dentist Hardy David P ... Dentist ACADEMY OF KIDS CHILDCARE ... Child Health Care Centre

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Forks
    County
    Grand Forks
    State
    North Dakota
    Longitude
    -97.0679328
    Latitude
    47.8947674

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    FAQs

    What type of property is this?
    Strip mall - Retail strip mall with diverse tenants and income potential.
    Where is this strip mall located?
    The property is located at 2550 S Columbia Rd Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI): $165,622; - Diverse Tenant Mix: Includes established businesses such as New Horizon Childcare, Tina's Nail Spa, and Northern Roots Boutique.; - Seller Leaseback: Provides immediate income and stability with 2154 SF leased back by the seller.
    (701) 478-7600
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    2550 S Columbia Rd Grand Forks, ND 58201
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    Grand Forks, ND 58201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2550 S Columbia Rd Grand Forks, ND 58201
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