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    5380 Myron Ave Grand Forks, ND 58203

    Sponsored
    For Sale
    $836,352

    3.2-Acre Lot, High Visibility, B3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.2-acre commercial land parcel presents a prime investment opportunity in Grand Forks, North Dakota. Strategically located at 5380 Myron Ave, this property boasts exceptional visibility near the intersection of Gateway Drive and 55th St N, benefiting from significant daily traffic counts. Highway 2 at 55th St sees 16,010 vehicles daily, while 55th St at Highway 2 registers 3,985 vehicles per day. This high-traffic location ensures maximum exposure for any commercial development. The property is zoned B3, offering a wide range of potential uses. Surrounding businesses include major retailers such as Walmart, RDO, Rydell Auto Outlet, and Budget RV, creating a strong and established commercial environment. The asking price is $836,352, translating to $6 per square foot. This represents a compelling value proposition given the property's location, size, and zoning potential. The property's address is 5380 Myron Ave, Grand Forks, ND 58203, within Grand Forks County. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving area. Don't miss out on this chance to build your business in a prime location.

    Property Features for 5380 Myron Ave

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • $836,352 asking price for 3.2 acres of commercial land.
    • B3 zoning.
    • Located at 5380 Myron Ave, Grand Forks, ND 58203.
    • High visibility near Gateway Drive and 55th St N, with significant daily traffic counts.
    • Proximity to Walmart, RDO, Rydell Auto Outlet, and Budget RV.
    • $6 per square foot asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop HVAC Service Garden Center Wholesale Shop

    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
    -97.108060506879
    Latitude
    47.934054702905

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    FAQs

    What type of property is this?
    Land - 3.2-Acre Lot, High Visibility, B3 Zoning
    Where is this land located?
    The property is located at 5380 Myron Ave Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $836,352.
    What are key features of this property?
    This property features: $836,352 asking price for 3.2 acres of commercial land.; B3 zoning.; Located at 5380 Myron Ave, Grand Forks, ND 58203.
    Request Owner's contact information
    5380 Myron Ave 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
    5380 Myron Ave Grand Forks, ND 58203
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