Multifamily Apartment Complex with
525 Demers Ave Grand Forks, ND 56721
New
For Sale
Contact for pricing
Pending
Two apartment buildings offer 75 units total, balconies, elevators, and on-site exterior and detached garage parking.
Days on Market4
Property Features for 525 Demers Ave
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Dakota Commercial Dakota Commercial Main Office
(701) 772-3101
Listed By:
Kevin Ritterman · License #ND 2001
Source:
Crexi
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 12:56PM
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 Dakota Commercial Dakota Commercial Main Office
Investment Insights
Based on property information with market context.
The property is a multifamily residential complex built on two separate sites. Northern Pacific features a three-story, wood frame apartment building with 36 rental units (1, 2 and 3 bedrooms), plus 24 single-story detached garage structures and parking in 48 exterior surfaced spaces. Constructed in 2014, the building includes elevator service, maintenance-free windows, a pitched asphalt roof, gypcrete floors and steel siding. Each unit is equipped with a stove, refrigerator, microwave, dishwasher, and washer/dryer, and all units include a balcony.
The second component, Minnesota Heights, is a four-story, wood frame apartment building with 39 rental units (1, 2 and 3 bedrooms) and 10 single-story detached garage structures. Constructed in 2013, it includes an elevator, gypcrete floors, steel siding, maintenance-free windows and a pitched asphalt roof. The main level includes commercial space totaling 6,500 square feet. All units have balconies, and units include the same major appliances package with in-unit washer/dryer.
Both buildings provide electric baseboard heat that is paid by the tenant, with individual wall air conditioning units for cooling. Domestic hot water, water and sewer are supplied and paid by the property at no additional costs to residents, and residential units are separately metered with tenant responsibility for electrical services. Common amenities include secure main entrances and mail areas, and the interior finish includes drywall surfaces with carpet in bedrooms and vinyl flooring in kitchens and bathrooms (layout-dependent). Parking is provided through a combination of exterior surfaced spaces and detached garages at each facility.
The second component, Minnesota Heights, is a four-story, wood frame apartment building with 39 rental units (1, 2 and 3 bedrooms) and 10 single-story detached garage structures. Constructed in 2013, it includes an elevator, gypcrete floors, steel siding, maintenance-free windows and a pitched asphalt roof. The main level includes commercial space totaling 6,500 square feet. All units have balconies, and units include the same major appliances package with in-unit washer/dryer.
Both buildings provide electric baseboard heat that is paid by the tenant, with individual wall air conditioning units for cooling. Domestic hot water, water and sewer are supplied and paid by the property at no additional costs to residents, and residential units are separately metered with tenant responsibility for electrical services. Common amenities include secure main entrances and mail areas, and the interior finish includes drywall surfaces with carpet in bedrooms and vinyl flooring in kitchens and bathrooms (layout-dependent). Parking is provided through a combination of exterior surfaced spaces and detached garages at each facility.
Key Highlights
- Two multi‑family apartment buildings total 75 rental units: 36 units in a 3‑story building and 39 units in a 4‑story building
- Northern Pacific site: approx. 1.88‑acre property with 36 units in a wood‑frame building constructed in 2014, plus 24 detached one‑story garage structures
- Minnesota Heights site: approx. 1.31‑acre property with 39 units in a wood‑frame building constructed in 2013, plus 10 detached one‑story garage structures
Property Analytics
Location Intelligence
Current Use by Public Records
Palm Beach Tan
Tanning Salon
Blockbuster Video
Electronics & Wireless Store
FAQs
What type of property is this?
Apartment building - Two apartment buildings offer 75 units total, balconies, elevators, and on-site exterior and detached garage parking.
Where is this apartment building located?
The property is located at 525 Demers Ave Grand Forks, ND.
What are key features of this property?
This property features: Two multi‑family apartment buildings total 75 rental units: 36 units in a 3‑story building and 39 units in a 4‑story building; Northern Pacific site: approx. 1.88‑acre property with 36 units in a wood‑frame building constructed in 2014, plus 24 detached one‑story garage structures; Minnesota Heights site: approx. 1.31‑acre property with 39 units in a wood‑frame building constructed in 2013, plus 10 detached one‑story garage structures
