High-Exposure Corner Commercial
For Sale
Contact for pricing
Pending
3803/3817 Main Ave, Fargo, ND 58102
Versatile commercial property with office, showroom, and warehouse space.
Property Size13,275 SF
Lot Size2.70 Acres
Days on Market214
Property Features for 3803/3817 Main Ave
General Information
Standard status
Pending
Size
13,275 SF
Lot size
2.70 Acres
Property subtype
Industrial
Building Details
Year Built
2016
Stories
2
Listing Agency:
Goldmark Commercial Real Estate Inc
Listed By:
Andy Westby · License #ND 9120
(701) 239-5839
Source:
Crexi
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 24 at 4:56PM
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 Goldmark Commercial Real Estate Inc
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Investment Insights
Based on property information with market context.
This property is strategically positioned at the high-exposure corner of Main Avenue and Interstate 29, benefiting from significant traffic flow (55,000 vehicles per day on I-29 and 24,000 on Main Avenue). Constructed by Olaf Anderson, the property combines premium finishes with functional space. It features a versatile layout that includes expansive office and showroom space, along with a fully-sprinkled, dock-accessible warehouse. The property is suitable for businesses seeking visibility, space, and expansion potential. Additional amenities include a finished outdoor patio and an elevated deck. The property includes over 2.7 acres of space with an adjacent vacant lot, providing ample room for expansion, outside parking, or storage. The building has a total size of 13,275 square feet. This well-maintained property will be available in the summer of 2026.
Key Highlights
- High‑exposure corner location at Main Avenue and Interstate 29 (55k vehicles/day on I‑29, 24k on Main Ave).
- Versatile layout with expansive office/showroom space and dock‑accessible warehouse.
- Over 2.7 acres of space with adjacent vacant lot for expansion or parking/storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,556
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,120
$3.1M
Cap Rate 7%
$2,222,229
$2.2M
Cap Rate 9%
$1,728,400
$1.7M
Market Conditions
NOI Build-Up for 13,275 SF
Gross rent
$246.9K $18.60/SF
− Vacancy
−$39.5K −$2.98/SF
EGI
$207.4K $15.62/SF
− OpEx
−$51.9K −$3.91/SF
NOI
$155.6K $11.72/SF
Area
Fargo, ND
Vacancy
16.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,120
Cap Rate 7%
$2,222,229
Cap Rate 9%
$1,728,400
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,556 @ 7.0% cap · market cap 5.27%
Second Best
Retail
$1.87M
$1.64M – $2.18M
NOI $131,024 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,578 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial property with office, showroom, and warehouse space.
Where is this mixed-use property located?
The property is located at 3803/3817 Main Ave Fargo, ND.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: High‑exposure corner location at Main Avenue and Interstate 29 (55k vehicles/day on I‑29, 24k on Main Ave).; Versatile layout with expansive office/showroom space and dock‑accessible warehouse.; Over 2.7 acres of space with adjacent vacant lot for expansion or parking/storage.
