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    501 Dakota Ave Wahpeton, ND 58075

    Sponsored
    For Sale
    $200,000

    Prime retail space, 10,271 SF, 4 drive-thrus

    Property size:
    10,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 501 Dakota Ave in Wahpeton, North Dakota, presents a unique investment opportunity. The property consists of a 10,271 square foot building, originally constructed in 1936, situated on a 1.2-acre lot. The building, with its solid masonry construction, features four floors, including a basement, and boasts four convenient drive-thru lanes. Ample parking is available, with 28 spaces behind the building, supplemented by street parking on two sides. The property's zoning is General Commercial, offering flexibility for various uses. The asking price is $200,000, translating to $19.47 per square foot. The property is currently vacant and offered free and clear of debt with a clean title. A significant advantage is the inclusion of an additional 5,000 square foot cold storage building located on a separate parcel at the rear of the main building. This versatile property, with its prime location on Dakota Avenue, the main thoroughfare in Wahpeton, presents a compelling opportunity for a variety of commercial ventures. The property's APN is 50-0001-12970-000, 50-0001-12972-000. The building's history as a Bank of the West branch adds to its appeal and potential.

    Property Features for 501 Dakota Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,271 SF

    Building Details

    Year Built
    1936
    Buildings
    2
    Stories
    4

    HighLights

    • Free and clear title, debt‑free ownership.
    • 10,271 square foot retail bank branch on Dakota Avenue.
    • Four drive‑thru lanes.
    • 28 on‑site parking spaces plus ample street parking.
    • Four‑story building including basement.
    • 5,000 square foot storage building on adjacent parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of the West Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wahpeton
    County
    Richland
    State
    North Dakota
    Longitude
    -96.6072037
    Latitude
    46.2636034

    Nearby Comparable

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    Nearby Similar for Sale

    • $199,900
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      Downtown Wahpeton Commercial Opportunity

      Thriving business and building for sale in downtown Wahpeton.
      312 Dakota Ave, Wahpeton, ND 58075
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      2,500 SF

      Wahpeton Commercial Space For Lease

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      502 Dakota Ave, Wahpeton, ND 58075
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      Wahpeton Commercial Coffee Shop Investment

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail space, 10,271 SF, 4 drive-thrus
    Where is this individual retail property located?
    The property is located at 501 Dakota Ave Wahpeton, ND.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Free and clear title, debt-free ownership.; 10,271 square foot retail bank branch on Dakota Avenue.; Four drive-thru lanes.
    Request Owner's contact information
    501 Dakota Ave Wahpeton, ND 58075
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    Wahpeton, ND 58075
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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
    501 Dakota Ave Wahpeton, ND 58075
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