122 BroadwayFargo, ND 58102

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.