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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

501 Dakota Ave Wahpeton, ND 58075

10,271 SF Built 1936
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1936
Total area 10,271 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bank of the West Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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