1530 55Th St Grand Forks, ND 58203
- Commercial land
- 3.95 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1530 55Th St
- Lot size
- 3.95 lot acres
- Property type
- Commercial land
- APN
- 44233700001000
- APU
- 44233700001000
Description
This exceptional 3.95-acre commercial land parcel presents a unique investment opportunity in Grand Forks, North Dakota. Located at 1530 55th St N, this property boasts a highly desirable B3 zoning designation, offering considerable flexibility for a wide range of commercial developments. The lot's strategic position near the intersection of Gateway Drive and 55th St N ensures exceptional visibility and accessibility. Traffic counts are substantial, with 16,010 vehicles daily on Highway 2 at 55th Street and 3,985 vehicles daily on 55th Street at Highway 2, guaranteeing high exposure for any business established here. The surrounding area is anchored by established businesses including Walmart, RDO, Rydell Auto Outlet, and Budget RV, creating a strong commercial environment and attracting significant consumer traffic. The asking price is $1,032,372, translating to $6 per square foot. This represents a compelling value proposition given the property's prime location, high traffic counts, and the potential for significant return on investment. The property's size and zoning make it suitable for a variety of commercial uses, presenting a rare opportunity for developers and investors seeking a strategic foothold in a thriving North Dakota market. The zip code is 58203, and the property is situated in Grand Forks County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Forks
- County
- Grand Forks
- State
- North Dakota
- Longitude
- -97.1088
- Latitude
- 47.9348
- CBSA code
- 24220
- CBSA name
- GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
