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    1530 55Th St Grand Forks, ND 58203

    Sponsored
    For Sale
    $1,032,372

    Prime 3.95-acre lot, high visibility, $1M+

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.95-acre commercial land parcel presents a unique investment opportunity in Grand Forks, North Dakota. Located at 1530 55th St N, this property boasts a highly desirable B3 zoning designation, offering considerable flexibility for a wide range of commercial developments. The lot's strategic position near the intersection of Gateway Drive and 55th St N ensures exceptional visibility and accessibility. Traffic counts are substantial, with 16,010 vehicles daily on Highway 2 at 55th Street and 3,985 vehicles daily on 55th Street at Highway 2, guaranteeing high exposure for any business established here. The surrounding area is anchored by established businesses including Walmart, RDO, Rydell Auto Outlet, and Budget RV, creating a strong commercial environment and attracting significant consumer traffic. The asking price is $1,032,372, translating to $6 per square foot. This represents a compelling value proposition given the property's prime location, high traffic counts, and the potential for significant return on investment. The property's size and zoning make it suitable for a variety of commercial uses, presenting a rare opportunity for developers and investors seeking a strategic foothold in a thriving North Dakota market. The zip code is 58203, and the property is situated in Grand Forks County.

    Property Features for 1530 55Th St

    General Information

    Property type
    Land
    Lot Size
    172,062 SF

    HighLights

    • $1,032,372 asking price for 3.95 acres of commercial land.
    • B3 zoning.
    • Located at 1530 55th St N, Grand Forks, ND 58203.
    • High visibility near Gateway Drive and 55th St N, with significant daily traffic counts.
    • $6 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Auto Parts Store Gym & Fitness Hotel & Motel Kitchen & Bath

    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
    -97.109686205848
    Latitude
    47.934504230206

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    FAQs

    What type of property is this?
    Land - Prime 3.95-acre lot, high visibility, $1M+
    Where is this land located?
    The property is located at 1530 55Th St Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $1,032,372.
    What are key features of this property?
    This property features: $1,032,372 asking price for 3.95 acres of commercial land.; B3 zoning.; Located at 1530 55th St N, Grand Forks, ND 58203.
    Request Owner's contact information
    1530 55Th St Grand Forks, ND 58203
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    Grand Forks, ND 58203
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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
    1530 55Th St Grand Forks, ND 58203
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