Single-Tenant Retail
2500 S Columbia Rd Grand Forks, ND 58201
2500 S Columbia Rd, Grand Forks, ND, 58201
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For Sale
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Single-tenant retail center with a scheduled new roof in fall 2025, positioned near Columbia Mall on a major retail corridor.
Property Size10,620 SF
Price / SF$127.12
Days on Market153
Property Features for 2500 S Columbia Rd
General Information
- Standard status
- Active
- Size
- 10,620 SF
- Property subtype
- RETAIL
Listing agency
Horizon Real Estate Group
(701) 793-0653
Listed by
Brian Tulibaski, MBA
Source
Moodyscre
Added: Feb 20 Updated: Jul 22 at 11:24PM Checked: Jul 22 at 11:24PM
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 Horizon Real Estate Group
Investment Insights
Based on property information with market context.
This single-tenant retail center is positioned along one of Grand Forks’ busiest retail corridors and is currently occupied by Plato’s Closet. The building totals 11,415 SF and includes a mix of named retail and service spaces: New Horizon Childcare (3,067 SF), Nodak Nutrition (2,154 SF), Tina’s Nail Spa (3,200 SF), and Northern Roots Boutique (2,994 SF). A new roof is scheduled to be added in fall 2025.
The property is located on South Columbia Road near Columbia Mall and is surrounded by major national retailers including Ross Dress for Less, PetSmart, and Harbor Freight. Access is described as convenient from multiple points, supported by strong day-to-day retail activity in the surrounding area.
Financials provided include NOI of $165,622 and CAM of $4.50/SF, with a blended base rent of $14.51.
The property is located on South Columbia Road near Columbia Mall and is surrounded by major national retailers including Ross Dress for Less, PetSmart, and Harbor Freight. Access is described as convenient from multiple points, supported by strong day-to-day retail activity in the surrounding area.
Financials provided include NOI of $165,622 and CAM of $4.50/SF, with a blended base rent of $14.51.
Key Highlights
- 11,415 SF single‑tenant retail center on South Columbia Road near Columbia Mall
- Occupied by Plato’s Closet (single‑tenant) with a NOI of $165,622
- Scheduled new roof to be added in fall 2025
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.4k | $12.00 |
| − Vacancy | −$12.7k | −$1.20 |
| EGI | $114.7k | $10.80 |
| − OpEx | −$34.4k | −$3.24 |
| NOI | $80.3k | $7.56 |
10,620 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,287 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,635 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Plato's Closet Grand ...
Clothing & Fashion Store
Calvary Chapel Grand ...
Church
The Shrink Tank
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Columbia Junction — 2925 32nd Ave S, Grand Forks, ND 58201
- Columbia Center — 2100 S Columbia Rd, Grand Forks, ND 58201
- Green Mill Plaza — 1930 S Columbia Rd Suite 1, Grand Forks, ND 58201
- Columbia Mall — 2800 S Columbia Rd, Grand Forks, ND 58201
FAQs
What type of property is this?
Shopping center - Single-tenant retail center with a scheduled new roof in fall 2025, positioned near Columbia Mall on a major retail corridor.
Where is this shopping center located?
The property is located at 2500 S Columbia Rd Grand Forks, ND.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 11,415 SF single‑tenant retail center on South Columbia Road near Columbia Mall; Occupied by Plato’s Closet (single‑tenant) with a NOI of $165,622; Scheduled new roof to be added in fall 2025
