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    3221 32Nd Ave Grand Forks, ND 58201

    For Lease
    $22 SF/Yr

    Modern medical suites, ample parking.

    Lot size:
    24,678 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Grand Forks property offers 24,678 square feet of versatile commercial space, ideally suited for medical offices, retail, or a combination thereof. Built in 2006, the single-story building features three suites, with a minimum divisible space of 1,475 square feet and a maximum of 8,493 square feet. The open concept design allows for flexible configurations to meet diverse business needs. The high 14-foot ceilings create a spacious and airy atmosphere. The property boasts 150 parking spaces, ensuring ample convenience for patients and clients. Located at 3221 32nd Ave S, Grand Forks, ND 58201, this prime location benefits from excellent visibility and accessibility. The building is zoned for commercial use and equipped with three-phase power. While elevators are not present, the single-story design ensures easy navigation. Annual property taxes are estimated at $4.50 per square foot. Currently, there are three available spaces. One space offers 1,475 square feet of open concept retail area, immediately available for lease at $22.00 per square foot, with estimated 2024 CAM charges of $6.25 per square foot. This presents a unique opportunity for businesses seeking a well-maintained, strategically located space in a thriving community.

    Property Features for 3221 32Nd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,678 SF
    Total Rate
    45243

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Restaurant, cafe, retail
    Size
    1,850 SF
    Rate per SF
    $22
    Space
    Retail Strip suite
    Size
    1,475 SF
    Rate per SF
    $22
    Space
    Class A Medical office suite
    Size
    8,493 SF
    Rate per SF
    $26

    HighLights

    • High‑traffic power retail center on 32nd Avenue South.
    • Over 20,000 vehicles per day traffic count.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grand Forks VA ... Medical Clinic Complete Nutrition Vitamin & Supplements Store Moore Patrick F ... Doctor Chicago Burritos Mexican Restaurant Verizon Cell Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Forks
    County
    Grand Forks
    State
    North Dakota
    Longitude
    -97.074999780346
    Latitude
    47.888597873426

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    FAQs

    What type of property is this?
    Medical office - Modern medical suites, ample parking.
    Where is this medical office located?
    The property is located at 3221 32Nd Ave Grand Forks, ND.
    What is the lease rate?
    The lease rate is $22-$26 SF/Yr.
    What are key features of this property?
    This property features: High-traffic power retail center on 32nd Avenue South.; Over 20,000 vehicles per day traffic count.;
    Request Owner's contact information
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    Grand Forks, ND 58201
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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
    3221 32Nd Ave Grand Forks, ND 58201
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