Property profile

122 Broadway N Fargo, ND 58102

FOR LEASE
Retail space
Property ID
US56-0035304
13,250 SF 0.16 ac lot Built 1911
Entity Owned 8-yr Hold ~ Est. High Equity
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122 Broadway N, Fargo, ND 58102 For Lease
Contact for pricing 2,940 SF available
122 Broadway N, Fargo, ND 58102
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Property summary

AI-generated overview

This exceptional commercial property, located at 122 Broadway N in Fargo, North Dakota, offers a unique opportunity for businesses seeking prime downtown space. The Merchants Bank building, originally constructed in 1921, has undergone significant renovations, showcasing a blend of historic charm and modern functionality. Currently, two spaces are available, ranging from 2,940 to 4,187 square feet, suitable for a variety of uses including traditional office, creative office, or coworking spaces. One space, adjacent to Chase Bank on 2nd Avenue, is particularly well-suited for retail or restaurant concepts and could feature a new storefront entrance directly onto 2nd Avenue North. The building's location is highly desirable, situated directly across from Broadway Square in a vibrant, walkable area. This prime location boasts a Walkscore of 95 and a BikeScore of 97, providing exceptional accessibility and convenience for employees and customers. The property is classified as Retail and Office, with multiple tenancy options available within Cass County. This is a rare chance to secure a space in a landmark building within a thriving downtown Fargo environment. The property's rich history combined with its modern updates makes it an ideal location for businesses seeking a unique and advantageous address.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1911
Total area 13,250 SF
Lot 0.16 ac (7,000 SF)
Zoning code DMU
APN 01-2381-00320-000
UPID US56-0035304

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Atm
  • Bank Loan Service
  • Radio Station Telecommunications Service

Location

122 Broadway N Fargo, ND 58102
Fargo metro Census 700 FARGO, ND-MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2016
$9.2M
2015
Price N/A
1969
Price N/A

Zoning & alternative use

DMU · Fargo, ND
Zoning description

The DMU Design Standards are intended to create and maintain a general visual quality and appearance that will be appealing to people who work in the DMU district and to those who come to the downtown area for goods, ser…

General category MIXED_USE

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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