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    1150 40Th Ave Grand Forks, ND 58201

    For Sale
    $266,206

    Prime Commercial Lot, 25,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land parcel, located at 1150 40th Ave S in Grand Forks, North Dakota, presents a unique investment opportunity. Encompassing 25,353 square feet (just over half an acre), this lot is ideally situated to the east of a Holiday Station store on South Washington. Currently part of a larger lot, this property is soon to be subdivided into its own independent parcel, providing a clean and clearly defined ownership. The seller is actively developing the northern portion of the original lot, leaving this southern 25,353 square foot section available for purchase. Detailed site plans and further information are available upon request. This property offers significant potential for various commercial ventures, given its convenient location and proximity to established businesses. The asking price for this prime commercial land is $266,206. The property's address is verified as 1150 40th Ave S, Grand Forks, ND 58201. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area of Grand Forks. Don't miss out on this chance to secure a valuable asset in a desirable location. Contact us today to learn more and schedule a viewing.

    Property Features for 1150 40Th Ave

    General Information

    Property type
    Land

    HighLights

    • $266,206 asking price.
    • 25,353 square foot commercial land parcel.
    • Located at 1150 40th Ave S, Grand Forks, ND 58201.
    • Soon to be a separately deeded lot, adjacent to Holiday Station Store.
    • Seller developing the adjacent northern portion of the original lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gigstad Rodney J ... Veterinarian Petcetera Animal Clinic Veterinarian Petcetera Animal Clinic: ... Veterinarian

    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
    Grand Forks
    County
    Grand Forks
    State
    North Dakota
    Longitude
    -97.042897251689
    Latitude
    47.881251620337

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, 25,353 SF
    Where is this land located?
    The property is located at 1150 40Th Ave Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $266,206.
    What are key features of this property?
    This property features: $266,206 asking price.; 25,353 square foot commercial land parcel.; Located at 1150 40th Ave S, Grand Forks, ND 58201.
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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
    1150 40Th Ave Grand Forks, ND 58201
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