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Downtown Grand Forks Investment Opportunity
For Sale
$2,995,000

311 4TH S Street, Grand Forks, ND 58201

Multi-tenant office building in downtown Grand Forks for sale.

Property Size39,834 SF
Lot Size1.19 Acres
Price / SF$75.19
Days on Market1423

Property Features for 311 4TH S Street

General Information

Standard status Active
Size 39,834 SF
Lot size 1.19 Acres
Property subtype Other
Listing Agency: CORE Property Group
Listed By: Jeremy Horst · License #40199898
Source: Exitrealty
Added: Sep 9, 2022 Changed: Jul 6 Last Checked: Jul 31 at 3:43AM

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 CORE Property Group

Investment Insights

Based on property information with market context.

This multi-tenant investment office building is located in the heart of downtown Grand Forks. The property features 39,834 rentable square feet of space situated on 1.194 acres of land. The building contains approximately 28 diverse tenant suites, occupied by government agencies, legal firms, accounting services, insurance providers, engineering companies, non-profit organizations, and others. Several updates have been made throughout the property, including updated landscaping, common bathrooms, carpet, and paint.

Key Highlights

  • Located in the heart of downtown Grand Forks.
  • Multi‑tenant investment office building.
  • 39,834 rentable sq. feet of space.**

Property Analytics

Current Use

Wellness701 Lymph Drainage Therapist WillowLife Center Gym & Fitness Center Thompson-Schaefer Insurance Agency Insurance Agency Gereszek Law Law Firm Wentz Gary R Counselor

Suggested Use

Top Pick Nail Salon HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,176
Businesses Nearby

Demographics for 58201, ND

42,598
Population
20,277
Households
2.1
Avg Household Size
34
Median Age
40%
College-Educated
96%
High-School Grad
69.0 sq mi
ZIP Area
617
Density / Sq Mi
$69,120
Median Household Income
$43,503
Median Earnings
$966
Median Rent
$274,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office building in downtown Grand Forks for sale.
Where is this office building located?
The property is located at 311 4TH S Street Grand Forks, ND.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Located in the heart of downtown Grand Forks.; Multi‑tenant investment office building.; 39,834 rentable sq. feet of space.**
More about this property
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