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    5450 Gateway Dr Grand Forks, ND 58203

    For Sale
    Contact for pricing

    20.93 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial and industrial land offering encompasses 20.93 acres strategically located in Grand Forks, North Dakota. The property consists of five parcels, conveniently situated near the intersection of US Highway 2 and I-29, providing unparalleled access to major transportation routes. The land is zoned for both B3 General Business and I2 Heavy Industrial uses, offering significant flexibility for a wide range of development projects. The location boasts high visibility and proximity to numerous established businesses, including Walmart, Wallwork Truck Center, RDO Truck Center, Budget RV, True North Equipment, Structural Materials, AirGas, Northwest Tire, Strata Corp., Hebron Brick, Simonson Travel Center, and Stamart Travel Center. The seller is willing to subdivide the property to accommodate individual buyer needs. This presents a unique opportunity for investors and developers seeking a substantial land holding in a thriving commercial and industrial area. The property's APN numbers are 44-2337-00004-000, 44-2337-00003-000, 44-2337-00001-000, 44-2337-00002-000, and 13-6303-00001-002. The land value ranges from $3 to $9 per square foot. Addresses associated with the parcels include 5450 Gateway Drive, 5370 Myron Avenue Lot 3, 1530 N 55th Street Lot 1, and 5380 Myron Avenue Lot 2, all within the 58203 zip code of Grand Forks County, North Dakota.

    Property Features for 5450 Gateway Dr

    General Information

    Property type
    Land
    Lot Size
    911,711 SF

    HighLights

    • 20.93‑acre site.
    • Subdividable parcel.
    • B3 and I2 zoning.
    • Excellent NW Grand Forks location near major retailers and businesses including Walmart, multiple truck centers, and other commercial establishments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Auto Parts Store Gym & Fitness Hotel & Motel Kitchen & Bath

    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
    -97.1089828
    Latitude
    47.9331289

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    FAQs

    What type of property is this?
    Land - 20.93 Acres, Prime Location
    Where is this land located?
    The property is located at 5450 Gateway Dr Grand Forks, ND.
    What are key features of this property?
    This property features: 20.93-acre site.; Subdividable parcel.; B3 and I2 zoning.
    Request Owner's contact information
    5450 Gateway Dr Grand Forks, ND 58203
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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
    5450 Gateway Dr Grand Forks, ND 58203
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