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Downtown Commercial Space For Lease
For Lease
$16 SF/Yr

323 Demers Ave, Grand Forks, ND 58201

Urban setting with high visibility, suitable for restaurant or office.

Space Size2,406 SF
Property Size29,197 SF
Days on Market167

Property Features for 323 Demers Ave

General Information

Standard status Active
Size 2,406 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 29,197 SF
Year Built 2021

Spaces For Lease

at 323 Demers Ave Contact us

323 Demers Ave Ste 102 $16/SF/Yr

Size
2,406 SF
Term
Negotiable
Contact us
Listing Agency: Crary Real Estate
Listed By: Ryan Bohn · License #MN #20479240
Source: Squarefootcommercial
Added: Mar 6 Changed: Aug 19 Last Checked: Aug 19 at 5:55AM

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 Crary Real Estate

Investment Insights

Based on property information with market context.

The Argyle building provides an urban setting with walkability and a modern facade. The property is located across from the Olive Ann Hotel and Skies 322 fine dining, and is situated among many businesses. This space is suited to a restaurant, cafe, or office. The corner of 4th Street and Demers Avenue provides visibility to car and foot traffic. Car traffic at this location is 18,937 vehicles per day. A nearby public parking garage is available. The property is centrally located downtown.

Key Highlights

  • Unparalleled visibility at the corner of 4th and Demers, ideal for attracting customers.
  • High car traffic count of 18,937 vehicles per day.
  • Centralized downtown location offers high foot traffic and easy access.

Property Analytics

Current Use

JLG Architects Architect

Suggested Use

Top Pick Nail Salon HVAC Service (Bike/Boat/Book/etc) Store Locksmith Bakery Skin Care Clinic

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

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,263
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 units - Urban setting with high visibility, suitable for restaurant or office.
Where is this office units located?
The property is located at 323 Demers Ave Grand Forks, ND.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Unparalleled visibility at the corner of 4th and Demers, ideal for attracting customers.; High car traffic count of 18,937 vehicles per day.; Centralized downtown location offers high foot traffic and easy access.
More about this property
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