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    311 4Th St Grand Forks, ND 58201

    Sponsored
    For Sale
    $2,995,000

    Downtown Grand Forks Office Complex, High Occupancy

    Property size:
    38,834 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B office building, known as River's Edge, presents a compelling investment opportunity in the heart of Grand Forks, North Dakota. Located at 311 S 4th St, 58201, this multi-tenant property boasts 38,834 square feet of rentable space situated on a generous 1.194-acre lot. Currently enjoying a 96% occupancy rate, the building houses approximately 28 diverse tenant suites, catering to a wide range of businesses including government agencies, legal firms, accounting practices, insurance companies, engineering firms, and non-profit organizations. The asking price is $2,995,000, translating to a price per square foot of $77.12. The property features a modified lease type and benefits from recent updates, including refreshed landscaping, modernized common bathrooms, and updated carpeting and paint throughout. This well-maintained building offers a stable income stream and significant potential for future growth, making it an attractive addition to any investment portfolio. The property's prime downtown location and diverse tenant mix contribute to its strong financial performance and long-term viability. This is a rare opportunity to acquire a high-performing, multi-tenant office building in a thriving North Dakota market.

    Property Features for 311 4Th St

    General Information

    Property type
    Office space
    Square Feet
    38,834 SF
    Class
    B
    Lot Size
    52,011 SF

    HighLights

    • Class B office building, 38,834 rentable sq ft, located at 311 S 4th St, Grand Forks, ND 58201.
    • 96% occupancy with ~28 diverse tenant suites.
    • Asking price: $2,995,000 ($77.12/sq ft).
    • Situated on a 1.194‑acre lot.
    • Recent updates include landscaping, bathrooms, carpeting, and paint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wellness701 Lymph Drainage Therapist WillowLife Center Yoga Studio Thompson-Schaefer Insurance Agency Insurance Agency Gereszek Law Criminal Justice Attorney Wentz Gary R Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -97.02683467
    Latitude
    47.92175126

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    FAQs

    What type of property is this?
    Office space - Downtown Grand Forks Office Complex, High Occupancy
    Where is this office space located?
    The property is located at 311 4Th St Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Class B office building, 38,834 rentable sq ft, located at 311 S 4th St, Grand Forks, ND 58201.; 96% occupancy with ~28 diverse tenant suites.; Asking price: $2,995,000 ($77.12/sq ft).
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    Grand Forks, ND 58201
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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
    311 4Th St Grand Forks, ND 58201
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