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1621 S University Dr Fargo, ND 58103

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Estimated value
No estimation on file for this property yet.
Property ID US56-0105992

Property summary

AI-generated overview

This exceptional retail opportunity is part of the vibrant BLOC mixed-use development in Fargo, North Dakota, located on University Drive South, just north of I-94. Boasting over 34,000 vehicles per day, this prime location offers unparalleled visibility and accessibility. The property features nearly 16,000 square feet of commercial space across six suites, with options for single units or combinations, ranging from a minimum of 2,015 square feet to a maximum contiguous space of 15,951 square feet. Situated directly across from Sanford Health and Essentia Health, this development benefits from high foot and vehicle traffic. Suite 100 offers an outdoor patio, while Suites 103, 104, and 107 are equipped for drive-thru capabilities. The building offers a vanilla shell delivery with attractive features including a 12'8" ceiling height to the bottom of the beam and a 14'4" ceiling height to the bottom of the floor deck, concrete floors, a 5-ton HVAC unit, a sprinkler system, and 200-amp electric service. Construction is slated for completion in the fall of 2024. This is an ideal location for a variety of retail or restaurant uses, capitalizing on the high traffic counts and proximity to major healthcare facilities. The address is 1621 S University Dr, Fargo, ND 58103, within Cass County.

Property profile

Verified
Property type Commercial real estate
UPID US56-0105992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Insurance Agency
  • Barber Shop
  • Financial Advisor
  • General Contractor Construction Company

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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