Financial
Distress signals
Property profile

323 Demers Ave Grand Forks, ND 58201

FOR LEASE
Commercial land
Property ID
US56-0661387
Last sale Aug 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Argyle, a Class A, two-building complex in Grand Forks, ND, offers prime commercial space. Built in 2021, this five-story building boasts a total of 29,377 square feet, with a modern and vibrant design. Currently, 4,550 contiguous square feet are available, divisible down to 1,555 square feet, making it ideal for a variety of businesses. Located at 323 Demers Ave (cross street: S 4th St), zip code 58201, this property enjoys exceptional visibility due to its corner location. The

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?
$2k
Tax billed · 2023
Assessed value$45k
Assessed land$45k
Effective rate3.55%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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

Cap rate analysis

How does the asset earn?
1,806,562.50%
$289k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon11.0
HVAC Service10.1
Smoke and Vape Shop9.4

Location

323 Demers Ave Grand Forks, ND 58201
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
48th, Grand Forks, ND 58201 $3,360,000 Dec 2024 N/A
1055 34th, Grand Forks, ND 58201 $701,280 Jul 2024 N/A
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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