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    109 Broadway Fargo, ND 58102

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Retail & Office Space Available

    Lot size:
    28,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment property, the Hancock/Douglass Building, boasts 28,450 square feet of space in the heart of downtown Fargo, North Dakota, at 109 Broadway N, zip code 58102. Currently, there are three available spaces ranging from 1,285 to 5,948 square feet, with retail space on the ground floor and office space on the second and third floors. The building is situated across from the Black Building, in a vibrant area with neighboring businesses including Silver Lining Creamery, Replay Games, and Third Drop Coffee. This location is highly walkable and bikeable, boasting a Walkscore of 96 and a BikeScore of 94, making it incredibly convenient and attractive to tenants. The property is located in Cass County and is classified as a special purpose investment property with multiple tenancies. Potential investors should note that this property may qualify for Opportunity Zone tax benefits. This is a rare chance to acquire a well-located, multi-tenant property in a thriving downtown area.

    Property Features for 109 Broadway

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,450 SF
    Total Rate
    23708.33

    Unit(s) available at that property

    Space
    Suite 109
    Size
    5,871 SF
    Rate per SF
    $15
    Space
    Suite 202
    Size
    1,285 SF
    Rate per SF
    $14
    Space
    Suite 301
    Size
    5,948 SF
    Rate per SF
    $10

    HighLights

    • 28,450 square feet multi‑tenant building in downtown Fargo, ND.
    • Three available spaces ranging from 1,285 to 5,948 square feet; ground floor retail, upper floors office.
    • Excellent location at 109 Broadway N, Fargo, ND 58102, near other businesses in a high‑traffic area.
    • High walkability and bikeability scores (Walk Score 96, Bike Score 94).
    • May qualify for Opportunity Zone tax benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cass Clay Community ... Non-Profit Organization Replay Games Downtown ... Video Game Store

    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
    -96.787616452338
    Latitude
    46.877179968789

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    FAQs

    What type of property is this?
    Specialty property - Prime Retail & Office Space Available
    Where is this specialty property located?
    The property is located at 109 Broadway Fargo, ND.
    What is the lease rate?
    The lease rate is $10-$15 SF/Yr.
    What are key features of this property?
    This property features: 28,450 square feet multi-tenant building in downtown Fargo, ND.; Three available spaces ranging from 1,285 to 5,948 square feet; ground floor retail, upper floors office.; Excellent location at 109 Broadway N, Fargo, ND 58102, near other businesses in a high-traffic area.
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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
    109 Broadway Fargo, ND 58102
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