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Property profile & analytics
FOR LEASE
Retail properties & Spaces

315 5Th St N Fargo, ND 58102

25,000 SF Built 1927
Entity Owned 9-yr Hold
Property ID
US56-0036727
Property summary
AI-generated overview

This exceptional 25,000-square-foot mixed-use building, located at 315 5th St N in Fargo, North Dakota, presents a unique investment opportunity. Originally built in 1927 and meticulously renovated in 2018, this Class B property boasts timeless charm combined with modern functionality. The building features four units across two stories, offering a blend of storefront and traditional office space, perfect for an owner-user. Currently 100% occupied, the property includes flexible and manufacturing space, along with a large basement, providing ample room for expansion or adaptation. Situated on a 21,070-square-foot lot in the vibrant downtown Fargo area, this property benefits from a prime commercial/industrial zoning designation. The asking price is $2,250,000 ($90/sq ft). The seller currently occupies a portion of the space (Suites E, F, G, and H) and is open to negotiating a leaseback or vacating all or part of their space to accommodate the new owner. This presents a rare opportunity to acquire a thriving, established business with significant upside potential. Don't miss this chance to own a piece of Fargo's history.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1927
Total area 25,000 SF
UPID US56-0036727
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Prairieland AG Agricultural Service
  • J K Engineers Engineer
  • Lauritsen & Associates Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Shark Properties LLC · 9 yrs held
Shark Properties LLC
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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