501 Dakota Ave Wahpeton, ND 58075
This exceptional commercial property, located at 501 Dakota Ave in Wahpeton, North Dakota, presents a unique investment opportunity. The property consists of a 10,271 square foot building, originally constructed in 1936, situated on a 1.2-acre lot. The building, with its solid masonry construction, features four floors, including a basement, and boasts four convenient drive-thru lanes. Ample parking is available, with 28 spaces behind the building, supplemented by street parking on two sides. The property's zoning is General Commercial, offering flexibility for various uses. The asking price is $200,000, translating to $19.47 per square foot. The property is currently vacant and offered free and clear of debt with a clean title. A significant advantage is the inclusion of an additional 5,000 square foot cold storage building located on a separate parcel at the rear of the main building. This versatile property, with its prime location on Dakota Avenue, the main thoroughfare in Wahpeton, presents a compelling opportunity for a variety of commercial ventures. The property's APN is 50-0001-12970-000, 50-0001-12972-000. The building's history as a Bank of the West branch adds to its appeal and potential.
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Bank of the West Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.