4155 23Rd Ave Fargo, ND 58104
Exceptional commercial land opportunity in Fargo, North Dakota, presents a unique investment prospect. Located at 4155 23rd Ave S, Fargo, ND 58104, this 2.31-acre lot (APN 01-3500-05185-003) is zoned for General Commercial use and offers a sale/leaseback option. Priced at $1,305,512 ($13/sq ft), this property boasts unparalleled visibility and accessibility. Situated in The Crossroads development, it benefits from its proximity to I-94 and I-29, experiencing daily traffic counts exceeding 144,000 vehicles. This prime location offers easy access via 42nd Street and is part of a master-planned commercial setting. The site is ideally suited for a variety of uses, including professional office, medical, retail, technology, and educational facilities. Within a one-mile radius, there are 18 hotels and over 1650 hotel rooms, further enhancing the property's appeal and potential. The property is document-ready, meeting Gold Status requirements. This presents a rare chance to establish a business in a thriving, high-traffic area with flexible ownership and leaseback options. Don't miss this opportunity to secure a prominent location in Fargo's dynamic commercial landscape.
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
Similar Nearby for Lease
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.