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    315 5Th St Fargo, ND 58102

    For Sale
    $2,250,000

    Downtown Fargo: 25,000 SF, 4 Units

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 25,000-square-foot mixed-use building, located at 315 5th St N in Fargo, North Dakota, presents a unique investment opportunity. Originally built in 1927 and meticulously renovated in 2018, this Class B property boasts timeless charm combined with modern functionality. The building features four units across two stories, offering a blend of storefront and traditional office space, perfect for an owner-user. Currently 100% occupied, the property includes flexible and manufacturing space, along with a large basement, providing ample room for expansion or adaptation. Situated on a 21,070-square-foot lot in the vibrant downtown Fargo area, this property benefits from a prime commercial/industrial zoning designation. The asking price is $2,250,000 ($90/sq ft). The seller currently occupies a portion of the space (Suites E, F, G, and H) and is open to negotiating a leaseback or vacating all or part of their space to accommodate the new owner. This presents a rare opportunity to acquire a thriving, established business with significant upside potential. Don't miss this chance to own a piece of Fargo's history.

    Property Features for 315 5Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    25,000 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1927/2018
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • $2,250,000 asking price for this mixed‑use property.
    • 25,000 square feet of net rentable space in a Class B building.
    • $90 per square foot price.
    • Four units in a two‑story building on a 21,070 square foot lot.
    • Built in 1927 and renovated in 2018, located at 315 5th St N, Fargo, ND 58102.
    • Commercial/Industrial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prairieland AG Agricultural Service J K Engineers Engineer Lauritsen & Associates Financial Planner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -96.785556283851
    Latitude
    46.879869381149

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Fargo: 25,000 SF, 4 Units
    Where is this individual retail property located?
    The property is located at 315 5Th St Fargo, ND.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: $2,250,000 asking price for this mixed-use property.; 25,000 square feet of net rentable space in a Class B building.; $90 per square foot price.
    Request Owner's contact information
    315 5Th St Fargo, ND 58102
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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
    315 5Th St Fargo, ND 58102
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