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    531 4Th Ave Fargo, ND 58102

    Sponsored
    For Lease
    $23 SF/Yr

    Prime Fargo location, multiple suites available

    Lot size:
    5,502 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Mercantile, located at 531 4th Ave N in Fargo, North Dakota, offers exceptional commercial office space in the heart of downtown. This mixed-use property boasts a prime location at the intersection of 4th Avenue North and Broadway, placing businesses in close proximity to key amenities and high foot traffic. The building features a blend of traditional and creative office spaces, with multiple suites available ranging from 1,135 to 1,563 square feet. A total of 5,502 square feet of ground floor commercial space is currently available for lease. The building's strategic location offers unparalleled accessibility, underscored by a Walkscore of 95 and a BikeScore of 97, making it a highly desirable location for employees and clients alike. The property enjoys prominent neighboring businesses, including US Bank and the Fargo Police Department. Adding to the vibrancy of the location, the upper floors house 100 apartments, and nine owner-occupied condominiums are situated on the north side of a convenient parking garage. Please note that US Bank's tenancy includes specific use restrictions

    Property Features for 531 4Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,502 SF

    Unit(s) available at that property

    Space
    519 4th Avenue N
    Size
    1,250 SF
    Rate per SF
    $23
    Space
    523 4th Avenue N
    Size
    1,135 SF
    Rate per SF
    $23
    Space
    527 4th Avenue N
    Size
    1,563 SF
    Rate per SF
    $23
    Space
    531 4th Avenue N
    Size
    1,554 SF
    Rate per SF
    $23
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -96.7871608
    Latitude
    46.880234

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    FAQs

    What type of property is this?
    Office space - Prime Fargo location, multiple suites available
    Where is this office space located?
    The property is located at 531 4Th Ave Fargo, ND.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    Request Owner's contact information
    531 4Th Ave Fargo, ND 58102
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    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
    531 4Th Ave Fargo, ND 58102
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