Current Use by Public Records
- Bank of the West / Bank / Loan Service
Property Details for 501 Dakota Ave
- Year built
- 1936
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wahpeton
- County
- Richland
- State
- North Dakota
- Longitude
- -96.6072
- Latitude
- 46.2636
