1205 43Rd St Grand Forks, ND 58203
- Commercial real estate
- 75,105 SF
- 5.40 lot acres
Current Use by Public Records
- Aroma Restaurant / Restaurant
- Dreamers Lounge / Bar
- Ramada Inn Events / Wedding Venue / Event Venue
- Ramada by Wyndham Grand Forks / Hotel / Inn
- BigFoot Bar & Grill / Bar / Event Venue
Property Details for 1205 43Rd St
- Year built
- 1972
- Lot size
- 5.40 lot acres
- Property size
- 75,105 SF
- Property type
- Commercial real estate
- APN
- 44111500008002
- APU
- 44111500008002
Description
This exceptional 15,000-square-foot turnkey commercial space is available for lease within the Ramada by Wyndham Grand Forks, a 100-room hotel and event center. Ideally situated at 1205 N 43rd St, Grand Forks, North Dakota, this property offers a unique blend of restaurant, lounge, gaming, and expansive event space capabilities. The space includes recently updated banquet halls, a fully equipped kitchen, and a dedicated lounge area, making it perfect for a variety of uses. The property's single-tenant occupancy ensures exclusive control and operational flexibility. Its prime location near the intersection of Highway 2 and I-29 provides excellent accessibility and visibility. The Ramada by Wyndham Grand Forks benefits from its proximity to Grand Forks International Airport (GFK), a mere five-mile drive, and is conveniently located just 15 miles from Grand Forks Air Force Base and Grand Sky aviation park. This strategic location also places the property within easy reach of several key attractions, including the Career Impact Academy, Ralph Engelstad Arena, Alerus Center, and the University of North Dakota, ensuring a robust potential customer base. This is a rare opportunity to acquire a well-established and versatile commercial space in a thriving location. The property's modern amenities and convenient location make it an ideal investment for a discerning entrepreneur seeking a high-impact commercial venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $965,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $855,000
- 7%
- $950,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,115,000
- Geo Method
- $970,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $1,010,000
- Mixed-Use
- $860,000
- Hospitality
- $1,005,000
- Educational
- $800,000
- Residential Income
- $955,000
- Energy
- $980,000
- Income-Based Land
- $835,000
- Food Service
- $910,000
Location Insight
- Map
- Local Demand
- City
- Grand Forks
- County
- Grand Forks
- State
- North Dakota
- Longitude
- -97.0917
- Latitude
- 47.9308
- CBSA code
- 24220
- CBSA name
- GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
