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    South Fargo Investment Opportunity Title is generated by Realmo AI

    1324 25th Ave S, Fargo, ND 58103

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    Commercial property with tenant in place, South Fargo location.

    Type:Retail
    Property size:
    3,956 SF
    Price / SF:
    $132/SF
    Added:
    Jan 17, 2024
    Days on Market:
    904
    Last Refresh:
    Jul 5 at 2:46 am

    Property Features for 1324 25th Ave S

    General Information

    Standard status
    Active
    Size
    3,956 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1975

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    Aaron Hill
    Aaron Hill

    Listing office Goldmark Commercial Real Estate Inc

    Listing date Jan 17, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Goldmark Commercial Real Estate Inc

    HighLights

    • Over $60k of recent improvements, including roof and HVAC.
    • New furnace and air conditioning.
    • No specials remaining.
    • Basement sports bar and dining area.
    • Great investment opportunity with current tenant in place.
    • Convenient location just off I‑94 and University Drive South.

    Overview

    This commercial property in South Fargo presents an investment opportunity with a current tenant in place. The property, suitable for bars, pubs, restaurants, and other commercial real estate ventures, features a basement sports bar and dining area. Recent improvements exceeding $60,000 have been made, including upgrades to the roof and HVAC system. A new furnace and air conditioning system have been installed. The property benefits from its location just off I-94 and University Drive South. The property size is 3,956 square feet. There are no specials remaining.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $64.1k $16.20
    − Vacancy −$3.5k −$0.89
    EGI $60.6k $15.31
    − OpEx −$15.1k −$3.83
    NOI $45.4k $11.48
    3,956 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $648.9K
    $567.8K – $757.0K (±1% cap)
    NOI $45,422 @ 7.0% cap · market cap 8.65%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $858.2K
    $750.9K – $1.00M (±1% cap)
    NOI $60,071 @ 7.0% cap · market cap 11.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Guadalajara Mexican Restaurant Restaurant

    Suggested Use

    Parking Lot & Garage Electrical Service HVAC Service Garden Center Building Supply Big Box & Wholesale Store Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pepper's Sports Cafe — 2510 S University Dr, Fargo, ND 58103
    • Alibi Lounge — 1340 21st Ave S, Fargo, ND 58103
    • The Bowler Inc. — 2630 S University Dr, Fargo, ND 58103

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8004817
    Latitude
    46.8431425

    FAQs

    What type of property is this?
    Bar & Pub - Commercial property with tenant in place, South Fargo location.
    Where is this bar & pub located?
    The property is located at 1324 25th Ave S Fargo, ND.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Over $60k of recent improvements, including roof and HVAC.; New furnace and air conditioning.; No specials remaining.
    (701) 235-2900 Call to check price and availability
    More about this property
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