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    4001 23Rd Ave Fargo, ND 58104

    For Sale
    $2,849,850

    Prime Fargo land, high traffic, multiple uses

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 189,990 square foot commercial land parcel in Fargo, North Dakota, presents a remarkable investment opportunity. Located at 4001 23rd Ave S, 58104, this property boasts unparalleled visibility due to its adjacency to I-94 and I-29, experiencing over 144,000 vehicles daily. Easy access from 42nd Street further enhances its appeal. Zoned for General Commercial use, the lot offers flexibility for a wide range of developments, including office, medical, retail, technology, and educational facilities. Multiple lot sizes are available, ranging from 0.7 to over 10 acres, catering to diverse project scales. The asking price is $2,849,850, translating to $15 per square foot. This strategically located land is part of a master-planned development, benefiting from the presence of 18 hotels and over 1650 hotel rooms within a one-mile radius. Purchase options are available, or developers can explore build-to-suit leaseback arrangements. Don't miss this chance to secure a prime location in the thriving Fargo-Moorhead metro area. This is a truly exceptional opportunity to establish a presence in a high-traffic, highly visible area with flexible development options.

    Property Features for 4001 23Rd Ave

    General Information

    Property type
    Land

    HighLights

    • $2,849,850 asking price for 189,990 SF of commercially zoned land.
    • High‑traffic visibility exceeding 144,000 vehicles daily.
    • Easy 42nd Street access.
    • Multiple lot sizes available (0.7 to 10+ acres).
    • Purchase or build‑to‑suit leaseback options.
    • Suitable for diverse uses (office, medical, retail, etc.).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fargo
    County
    Cass
    State
    North Dakota
    Longitude
    -96.8559399
    Latitude
    46.8440404

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    FAQs

    What type of property is this?
    Land - Prime Fargo land, high traffic, multiple uses
    Where is this land located?
    The property is located at 4001 23Rd Ave Fargo, ND.
    What is the asking price?
    The asking price for this property is $2,849,850.
    What are key features of this property?
    This property features: $2,849,850 asking price for 189,990 SF of commercially zoned land.; High-traffic visibility exceeding 144,000 vehicles daily.; Easy 42nd Street access.
    (701) 239-5839
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    4001 23Rd Ave Fargo, ND 58104
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    Fargo, ND 58104
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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
    4001 23Rd Ave Fargo, ND 58104
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