Financial
Distress signals
Property profile

2850 24th S Ave Grand Forks, ND 58201

OFF-MARKET
Other commercial real estate
Property ID
US56-0684113
21,510 SF 1.86 ac lot Built 1989
Last sale May 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Gate City Bank Building is a multi-floor office building that offers professional suite spaces. The building has been remodeled throughout, provides views and natural light on all floors, and includes elevator access to each floor. It offers on-site parking and is located in central Grand Forks. The building is configured to support individual suites, with at least one suite space sized within the range of approximately 1,000 to 3,300 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$39k
Tax billed · 2023
Assessed value$1.11M
Assessed land$284k
Assessed improvement$830k
Effective rate3.53%

Value estimate

· Sep 2026
$735k
$662k – $809k
CAP approach$2.10M
Sales comparison$2.74M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$67 – $131
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRAND FORKS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply28.6
Wholesale Shop23.0
Law Firm19.2

Location

2850 24th S Ave Grand Forks, ND 58201-5831
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1706 Continental, Grand Forks, ND 58201-6273 $3,150,000 Jul 2024 38,532 SF
1820 Columbia, Grand Forks, ND 58201-5819 $3,300,000 Mar 2024 30,515 SF
622 15th, Grand Forks, ND 58201-4228 $270,000 Feb 2023 9,600 SF
1700 Washington, Grand Forks, ND 58201-6336 $850,000 Jan 2023 8,110 SF
401 Demers, Grand Forks, ND 58201-4574 $5,702,248 Jan 2023 66,808 SF
2830 Columbia, Grand Forks, ND 58201-6008 $1,250,000 Nov 2022 9,024 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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