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    72 2Nd St Fargo, ND 58102

    For Sale
    $1,000,000

    42,000 SF Mixed-Use Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 42,000 square foot commercial land parcel presents a unique investment opportunity in the heart of Fargo, North Dakota. Located at 72 2nd Street North, this property boasts a prime downtown location with outstanding access and visibility. The site is zoned for Downtown Mixed Use development, offering significant flexibility for a variety of commercial projects. Its strategic placement within both the Renaissance Zone and Opportunity Zone provides substantial tax advantages and incentives for potential investors and developers. This presents a rare chance to capitalize on Fargo's thriving economy and dynamic urban landscape. The expansive lot size allows for substantial building potential, catering to a wide range of commercial ventures. The property's address is 72 2nd Street North, Fargo, ND 58102, situated in Cass County. The asking price for this exceptional development opportunity is $1,000,000. Given its location, zoning, and the significant tax benefits associated with its location in both the Renaissance Zone and Opportunity Zone, this property represents a compelling investment prospect with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this prime Fargo location offers.

    Property Features for 72 2Nd St

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -96.7818296
    Latitude
    46.8767519

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    FAQs

    What type of property is this?
    Land - 42,000 SF Mixed-Use Development Site
    Where is this land located?
    The property is located at 72 2Nd St Fargo, ND.
    What is the asking price?
    The asking price for this property is $1,000,000.
    Request Owner's contact information
    72 2Nd St Fargo, ND 58102
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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
    72 2Nd St Fargo, ND 58102
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