Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1205 43Rd St Grand Forks, ND 58203

    Sponsored
    For Sale
    $6,500,000

    100-Room Hotel, Prime Location

    Property size:
    74,519 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 100-key Ramada by Wyndham hotel presents a lucrative investment opportunity in Grand Forks, North Dakota. Boasting 74,519 square feet on a 5.4-acre lot, this established property offers a diverse range of amenities including a 6,310 square foot event center, heated indoor pool, hot tub, kid/baby pool, fitness center, business center, meeting rooms, a lounge with electronic gaming, and a restaurant with banquet hall capabilities. Ample parking accommodates various vehicles and trailers. Strategically located near the intersection of Highway 2 and I-29, it enjoys convenient proximity to Grand Forks International Airport (GFK) (five miles), Grand Forks Air Force Base and Grand Sky aviation park (15 miles), the Alerus Center, and the Ralph Engelstad Arena (one mile). Built in 1972, the hotel is zoned B3 and offers significant potential for growth and return on investment. The asking price is $6,500,000, translating to $87.23 per square foot. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location within a thriving community. The property's strong location and extensive amenities make it an ideal investment for experienced hospitality operators seeking a well-established and profitable venture.

    Property Features for 1205 43Rd St

    General Information

    Property type
    Hotels
    Square Feet
    74,519 SF
    Lot Size
    235,224 SF

    Building Details

    Year Built
    1972

    HighLights

    • 100‑key Ramada by Wyndham hotel in Grand Forks, ND, offering a lucrative investment opportunity.
    • 74,519 sq ft building on a 5.4‑acre lot, zoned B3.
    • Extensive amenities include a 6,310 sq ft event center, indoor pool, hot tub, fitness center, and restaurant with banquet hall.
    • Prime location near I‑29 and Hwy 2, close to Grand Forks International Airport (GFK), Grand Forks Air Force Base, and Alerus Center.
    • Asking price: $6,500,000 ($87.23/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Aroma Restaurant Restaurant Dreamers Lounge Bar Ramada Inn Events Wedding Venue Ramada by Wyndham ... Hotel BigFoot Bar & Grill Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness

    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
    -97.090788580253
    Latitude
    47.931282926667

    Nearby Similar for Sale

    • Contact for pricing
      73,478 SF

      70-Bed Psychiatric Hospital Available

      73,478 SF psychiatric hospital with 70 beds for sale.
      1451 44Th Ave S, Grand Forks, ND 58201
      View Details
    • $3,300,000

      New Commercial Building For Sale

      Built in 2022, located off Interstate 29 and Highway 2.
      4252 16Th Avenue Cir North, Grand Forks, ND 58203
      View Details
    • $1,900,000
      10,600 SF

      Retail Strip Mall For Sale

      Retail strip mall with diverse tenants and income potential.
      2550 S Columbia Rd, Grand Forks, ND 58201
      View Details
    • $1,900,000
      99,146 SF

      Former Macy's Store Available

      99,146 SF retail space connected to mall.
      2800 S Columbia Rd, Grand Forks, ND 58201
      View Details
    • $469,000
      2,484 SF

      Modern Office Space For Sale

      Contemporary office space in a growing Grand Forks location.
      4500 36Th Ave S, Grand Forks, ND 58201
      View Details
    • $3,950,000
      6,171 SF

      Former Restaurant on 1.8 Acres

      Former restaurant with furniture, fixtures, equipment, and ample parking.
      2675 32Nd Ave S, Grand Forks, ND 58201
      View Details
    • Contact for pricing
      3,925 SF

      Apex Tower: Grand Forks Office Space

      Downtown Grand Forks Office, 3925 SF
      600 Demers Ave, Grand Forks, ND 58201
      View Details
    • $1,900,000
      99,146 SF

      Grand Forks Retail Giant - Macy's

      Prime Retail Space, 99,146 SF
      2800 Columbia Rd, Grand Forks, ND 58201
      View Details
    • $3,300,000
      12,196 SF

      Grand Forks Office Park Investment

      Modern Office Park, 12,196 SF, 80% Occupied
      4303 Columbia Rd, Grand Forks, ND 58201
      View Details
    • $1,850,000
      9,520 SF

      Grand Forks Industrial Investment

      Multi-tenant flex warehouse, high NOI.
      6801 27Th Ave, Grand Forks, ND 58203
      View Details
    • $2,995,000
      38,834 SF

      River's Edge Office Building Investment

      Downtown Grand Forks Office Complex, High Occupancy
      311 4Th St, Grand Forks, ND 58201
      View Details
    • $199,780
      1,040 SF

      Heartland Caves Condo: Grand Forks

      Mixed-use condo, perfect man cave
      2975 Heartland Dr, Grand Forks, ND 58201
      View Details

    FAQs

    What type of property is this?
    Hotel - 100-Room Hotel, Prime Location
    Where is this hotel located?
    The property is located at 1205 43Rd St Grand Forks, ND.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 100-key Ramada by Wyndham hotel in Grand Forks, ND, offering a lucrative investment opportunity.; 74,519 sq ft building on a 5.4-acre lot, zoned B3.; Extensive amenities include a 6,310 sq ft event center, indoor pool, hot tub, fitness center, and restaurant with banquet hall.
    Request Owner's contact information
    1205 43Rd St Grand Forks, ND 58203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1205 43Rd St
    Grand Forks, ND 58203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1205 43Rd St Grand Forks, ND 58203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.