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    228 Broadway N Fargo, ND 58102

    For Sale
    $2,375,500

    Retail space with multifamily units and established tenant.

    Property size:
    4,200 SF
    Lot size:
    0.10 Acres

    Property Features for 228 Broadway N

    General Information

    Size
    4,200 SF
    Lot size
    0.10 Acres

    Source: Brokers Commercial Property LLC Agent Andy Streiff

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

    Overview

    Mixed-Use Property with Multifamily Units

    This mixed-use property features a retail space and eight fully-occupied multifamily units. The tenant has been established since 2005 and currently operates 13 locations. A 10-year NNN lease is in place. Capital improvements totaling $1.2 million have been invested in the past 4 years. These improvements include replacement of the main water line, new restroom facilities, and a complete interior renovation. The property offers diverse income streams from both the retail space and the residential units. The property size is 4,200 square feet.
    Location Intelligence

    Current Use by Public Records

    1st and Tenders Fargo Chicken Wings Restaurant Boss' Pizza & Chicken ... Pizza Restaurant Patrick's Fast Home ... Roofing Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7880981
    Latitude
    46.8790371

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    FAQs

    What type of property is this?
    Retail space - Retail space with multifamily units and established tenant.
    Where is this retail space located?
    The property is located at 228 Broadway N Fargo, ND.
    What is the asking price?
    The asking price for this property is $2,375,500.
    What are key features of this property?
    This property features: - Secured 10-Year NNN Lease with a prosperous tenant.; - Attractive 6.5% Cap Rate.; - Diverse Income Streams from 8 fully-occupied multifamily units.
    (701) 893-2300
    Request Owner's contact information
    228 Broadway N Fargo, ND 58102
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    Fargo, ND 58102
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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
    228 Broadway N Fargo, ND 58102
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