228 Broadway N Fargo, ND

Listing Agency Brokers Commercial Property LLC Show Phone

Listed by Andy Streiff

Source Moodyscre

Added: Mar 12, 2025 Checked: Jul 19 at 5:17 am

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• Secured 10‑Year NNN Lease with a prosperous tenant.
• Attractive 6.5% Cap Rate.
• Diverse Income Streams from 8 fully‑occupied multifamily units.

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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.