315 Demers Ave Grand Forks, ND 58201
This exceptional restaurant space, located at 315 Demers Avenue in Grand Forks County, offers a unique opportunity for a discerning restaurateur. The property boasts a generous 3,600 square feet of space, perfectly configured for a thriving food service establishment. Previously used as a restaurant, the space comes equipped with essential features including walk-in coolers, ensuring efficient food storage and preservation. A fully functional exhaust hood is already in place, eliminating the need for costly installations. Beyond the core kitchen and dining areas, the property includes a dedicated meeting room, ideal for private events or staff gatherings. The building's location on Demers Avenue provides unparalleled visibility and high foot traffic, guaranteeing significant exposure to potential customers. This prominent location within a bustling area promises a strong foundation for a successful culinary venture. The single-tenant occupancy ensures exclusive use of the entire space, offering complete control and flexibility in design and operation. This is a rare opportunity to secure a turn-key restaurant space in a prime location, ready for immediate occupancy. Don't miss this chance to establish your restaurant in a vibrant and high-traffic area.
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.