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    716 Main Ave Fargo, ND 58103

    Sponsored
    For Sale
    $1,600,000

    Historic Charm, Modern Amenities, High ROI

    Property size:
    5,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a beautifully restored, fully occupied storefront at 716 & 718 Main Avenue in Fargo, North Dakota. The property boasts 5,550 square feet across three units, situated on a 7,000 square foot lot. Originally built in 1901 and extensively renovated in 2022, this building seamlessly blends historic character with modern functionality. Key features include a fully sprinkled, assembly-rated steel structure, brand new HVAC, plumbing, electrical, and security systems. The interior showcases stunning historic maple floors, custom aluminum ceilings, and beautiful brick walls, complemented by 17 new windows with custom trim. A dual-level patio adds to the property's appeal. The permitted zoning is DMU. An adjacent, owned lot offers potential for additional parking or future development

    Property Features for 716 Main Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,550 SF

    Building Details

    Year Built/Renovated
    1901/2022
    Units
    3

    HighLights

    • Assembly‑rated steel structure by Gast.
    • Fully sprinklered building.
    • New HVAC, plumbing, electrical, and security systems.
    • Historic maple floors and custom aluminum ceilings with brick walls.
    • Seventeen new windows with custom trim.
    • Adjacent owned lot suitable for parking or future building; utilities stubbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Space Event Venue Alina Collective Boutique Apartmentstalker.Com Apartment Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.7904584
    Latitude
    46.8742784

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    FAQs

    What type of property is this?
    Individual retail property - Historic Charm, Modern Amenities, High ROI
    Where is this individual retail property located?
    The property is located at 716 Main Ave Fargo, ND.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Assembly-rated steel structure by Gast.; Fully sprinklered building.; New HVAC, plumbing, electrical, and security systems.
    Request Owner's contact information
    716 Main Ave Fargo, ND 58103
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    Fargo, ND 58103
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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
    716 Main Ave Fargo, ND 58103
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