Mixed-Use Development in Prime
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1621 S University Dr, Fargo, ND 58103
Mixed-use property with apartments and commercial space in Fargo, ND.
Space Size2,482 SF - 3,022 SF
Lot Size2.57 Acres
Days on Market819
Property Features for 1621 S University Dr
General Information
Standard status
Active
Size
2,482 SF - 3,022 SF
Lot size
2.57 Acres
Property subtype
RETAIL
Spaces For Lease
at 1621 S University Dr Contact us- Floor
- 1
- Size
- 2,880 SF
- Type
- RETAIL
- Lease Type
- NET_NNN
- Availability
- AVAILABLE, Completion
- Sublease
- No
BLOC Retail Space for Lease $22/SF/Yr
BLOC is a vibrant mixed use redevelopment project located in the heart of Fargo,...
show more
Contact us
- Floor
- 1
- Size
- 2,482 SF
- Type
- RETAIL
- Lease Type
- NET_NNN
- Availability
- AVAILABLE, Completion
- Sublease
- No
BLOC Retail Space for Lease $24/SF/Yr
BLOC is a vibrant mixed use redevelopment project located in the heart of Fargo,...
show more
Contact us
- Floor
- 1
- Size
- 3,022 SF
- Type
- RETAIL
- Lease Type
- NET_NNN
- Availability
- AVAILABLE, Completion
- Sublease
- No
BLOC Retail Space for Lease $26/SF/Yr
BLOC is a vibrant mixed use redevelopment project located in the heart of Fargo,...
show more
Contact us
Listing Agency:
Property Resources Group
(701) 499-3875
Listed By:
Justin Gustofson
(701) 238-7370
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Sep 5
Last Checked: Sep 15 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Property Resources Group
Investment Insights
Based on property information with market context.
This mixed-use redevelopment project, BLOC, is situated in the heart of Fargo, just north of I-94. The property comprises 127 apartment units and nearly 16,000 square feet of commercial space. Located on a street with over 30,000 vehicles per day, the site benefits from high visibility, with over 34,000 vehicles per day passing by. University Drive serves as a main thoroughfare for traffic heading to Downtown Fargo. BLOC is located directly across from both Sanford Health and Essentia Health. Several options are available, whether you are looking for a single unit or combining several units. Suite 100 provides space for an outdoor patio. Suites 103, 104, and 107 have drive thru capabilities. Available space ranges from 2,015 to 15,951 square feet with lease rates between $22.00 and $26.00 per square foot. Estimated CAM is $5.00 per square foot, and a fit-up allowance of $35.00 per square foot is offered. Tenants are responsible for heat/AC, electric, phone, and internet. Construction is scheduled to be completed in the fall of 2024.
Key Highlights
- High Traffic Location: Over 34,000 vehicles per day (VPD) on a main thoroughfare.
- Strategic Location: Directly across from Sanford Health and Essentia Health.
- Mixed‑Use Development: Combination of 127 apartment units and commercial space.
Property Analytics
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Current Use
Lease Details
$5 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 58103, ND
46,754
Population
25,241
Households
1.9
Avg Household Size
36
Median Age
37%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
4,066
Density / Sq Mi
$57,699
Median Household Income
$38,241
Median Earnings
$831
Median Rent
$239,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with apartments and commercial space in Fargo, ND.
Where is this mixed-use property located?
The property is located at 1621 S University Dr Fargo, ND.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: High Traffic Location: Over 34,000 vehicles per day (VPD) on a main thoroughfare.; Strategic Location: Directly across from Sanford Health and Essentia Health.; Mixed‑Use Development: Combination of 127 apartment units and commercial space.
