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    122 Broadway Fargo, ND 58102

    For Sale
    $3,725,000

    Historic building, high-income area, strong tenant.

    Property size:
    18,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 122 Broadway N in Fargo, North Dakota, presents a unique investment opportunity. The 18,210 square foot building, constructed in 1911, boasts a prime location in Fargo's Central Business District, an area with approximately 20,000 jobs. The property is currently partially occupied by Chase Bank, utilizing half of the ground floor, leaving significant space available for lease to a retail or restaurant tenant. The second floor is fully leased to Emerging Prairie. This mixed-use building offers a compelling blend of established tenancy and high potential for future income generation. The asking price is $3,725,000, translating to $204.56 per square foot. The property's strong financial performance is reflected in its pro-forma NOI of $284,130 and a pro-forma cap rate of 7.63%. The building has undergone extensive renovations to modernize the space, ensuring it's ready for its next chapter. This property is situated in a thriving downtown area and may qualify for Opportunity Zone tax benefits. This is an excellent chance to acquire a well-located, income-producing asset in a dynamic market. The zip code is 58102, and Cass County is the location.

    Property Features for 122 Broadway

    General Information

    Property type
    Restaurants
    Square Feet
    18,210 SF

    Building Details

    Year Built
    1911

    HighLights

    • $3,725,000 asking price for this 18,210 square foot retail property.
    • Located at 122 Broadway N, Fargo, ND 58102.
    • Currently occupied by Chase Bank (half of first floor) and Emerging Prairie (entire second floor); additional space available for lease to a retail or restaurant tenant.
    • 7.63% pro‑forma cap rate with a $284,130 pro‑forma NOI.
    • Built in 1911, with extensive renovations.
    • $204.56 price per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CHARISM Main Office Non-Profit Organization Chase ATM Atm Chase Bank Bank Kxbq Radio Broadcaster

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.787680908034
    Latitude
    46.877828435075

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    FAQs

    What type of property is this?
    Restaurant - Historic building, high-income area, strong tenant.
    Where is this restaurant located?
    The property is located at 122 Broadway Fargo, ND.
    What is the asking price?
    The asking price for this property is $3,725,000.
    What are key features of this property?
    This property features: $3,725,000 asking price for this 18,210 square foot retail property.; Located at 122 Broadway N, Fargo, ND 58102.; Currently occupied by Chase Bank (half of first floor) and Emerging Prairie (entire second floor); additional space available for lease to a retail or restaurant tenant.
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    122 Broadway Fargo, ND 58102
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    Fargo, ND 58102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 Broadway Fargo, ND 58102
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