612 23rd Street S, Fargo, ND 58103
Own a turnkey prep kitchen with retail, office, and customer/storage space plus on-site parking.
- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 7:44 am
Property Features for 612 23rd Street S
General Information
- Standard status
- Active
- Size
- 2,228 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1971
Listing office Goldmark Commercial Real Estate Inc
Listing date Jun 11, 2026
Source Crexi
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
HighLights
- Year built 1971
- Includes prep kitchen space with stainless steel sinks, dishwasher, and a large walk‑in cooler (included in sale)
- Layout features retail area, office space, and room for guests/customers
- Two restrooms plus kitchen area and plenty of storage space
- On‑site parking for customers and employees
Overview
The property includes on-site parking for both customers and employees, supporting convenient access for business operations that require regular customer traffic.
For buyers looking for an operating kitchen setup, the included equipment and prep layout can reduce initial buildout requirements. The same footprint also supports conversion to retail or office use, giving users flexibility if their concept changes. With built-in restroom capacity and practical storage, the space can accommodate teams and inventory without requiring major structural additions based on the listed improvements.
Local Financial Insights For Office B
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 | $41.4k | $18.60 |
| − Vacancy | −$6.6k | −$2.98 |
| EGI | $34.8k | $15.62 |
| − OpEx | −$8.7k | −$3.91 |
| NOI | $26.1k | $11.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fargo
- County
- Cass
- State
- North Dakota
- Longitude
- -96.8166777
- Latitude
- 46.8681632
