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    1621 University Dr Fargo, ND 58103

    For Lease
    $22 SF/Yr

    High-traffic retail space, Fargo, ND.

    Lot size:
    15,951 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 1621 University Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,951 SF

    Unit(s) available at that property

    Space
    Suite 107
    Size
    2,400 SF
    Rate per SF
    $26
    Space
    Suite 102
    Size
    3,783 SF
    Rate per SF
    $22
    Space
    Suite 104
    Size
    2,622 SF
    Rate per SF
    $24
    Space
    Suite 103
    Size
    2,015 SF
    Rate per SF
    $24
    Space
    Suite 100
    Size
    2,500 SF
    Rate per SF
    $26
    Space
    Suite 105
    Size
    2,631 SF
    Rate per SF
    $22

    HighLights

    • 16,000 SF of retail space available in six suites, ranging from 2,015 SF to 15,951 SF contiguous.
    • Located in Fargo, ND's BLOC mixed‑use development on University Dr S, with over 34,000 VPD.
    • High visibility and accessibility, directly across from Sanford Health and Essentia Health.
    • Suite options include outdoor patio (Suite 100) and drive‑thru capabilities (Suites 103, 104, 107).
    • Vanilla shell delivery with 12'8" ceiling height (bottom of beam), 14'4" ceiling height (bottom of deck), concrete floors, 5‑ton HVAC, sprinkler system, and 200‑amp electric service. Completion slated for Fall 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Plaza Shopping ... Shopping Mall Elite Insurance Insurance Agency Jeanie Ark Barber Barber Shop Coinflip Bitcoin ATM Investment Service Retzer Industrial Mechanical Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -96.7990223
    Latitude
    46.8549497

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, Fargo, ND.
    Where is this retail property located?
    The property is located at 1621 University Dr Fargo, ND.
    What is the lease rate?
    The lease rate is $22-$26 SF/Yr.
    What are key features of this property?
    This property features: 16,000 SF of retail space available in six suites, ranging from 2,015 SF to 15,951 SF contiguous.; Located in Fargo, ND's BLOC mixed-use development on University Dr S, with over 34,000 VPD.; High visibility and accessibility, directly across from Sanford Health and Essentia Health.
    Request Owner's contact information
    1621 University Dr Fargo, ND 58103
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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
    1621 University Dr Fargo, ND 58103
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