311 4Th St Grand Forks, ND 58201
- Commercial real estate
- 3,344 SF
- 0.15 lot acres
Current Use by Public Records
- Wellness701 / Lymph Drainage Therapist
- WillowLife Center / Yoga Studio
- Thompson-Schaefer Insurance Agency / Insurance Agency
- Gereszek Law / Criminal Justice Attorney / Law Firm
- Wentz Gary R / Counselor
Property Details for 311 4Th St
- Year built
- 1893
- Lot size
- 0.15 lot acres
- Property size
- 3,344 SF
- Property type
- Commercial real estate
- APN
- 44000100100000
- APU
- 44000100100000
Description
Rivers Edge Offices, located at 311 4th Street S in Grand Forks, North Dakota, 58203, offers a variety of flexible office spaces to suit diverse business needs. This Class A building provides traditional office suites, executive offices, coworking spaces, and even medical or creative office options. Currently, there are multiple tenancies available, with spaces ranging from 835 to 1600 square feet, and a total of 2,210 square feet currently vacant. The minimum divisible space is 688 square feet, allowing for customization to fit various business sizes. The building has recently undergone a complete remodel, resulting in a modern and inviting atmosphere for both employees and clients. Large windows throughout the building provide ample natural light. Convenient on-site parking is available for tenants and visitors. The property's prime downtown location offers easy access to numerous restaurants and a coffee shop, enhancing convenience and employee amenities. This is an exceptional opportunity to secure high-quality office space in a vibrant and well-amenitized area of Grand Forks, Grand Forks County. The building's versatile design caters to a wide range of businesses, making it an ideal location for growth and success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $405,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $465,000
- Mixed-Use
- $425,000
- Hospitality
- $370,000
- Educational
- $450,000
- Residential Income
- $440,000
- Energy
- $470,000
- Income-Based Land
- $460,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Grand Forks
- County
- Grand Forks
- State
- North Dakota
- Longitude
- -97.0359
- Latitude
- 47.9265
- CBSA code
- 24220
- CBSA name
- GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
