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Property profile

315 Demers Ave Grand Forks, ND 58201

OFF-MARKET
Restaurants
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Restaurants

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

315 Demers Ave Grand Forks, ND 58201
Grand Forks metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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