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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

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.
More about this property
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