Property profile

3535 Main Ave Fargo, ND 58103

OFF-MARKET
Retail properties & Spaces
Property ID
US56-0108260
6,010 SF 0.71 ac lot Built 1969
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This 6,010 square foot storefront building, located at 3535 Main Ave in Fargo, North Dakota (zip code 58103), presents a unique investment opportunity. Situated on a 0.71-acre lot (APN: 01-1010-00163-000), this property boasts exceptional visibility and access directly off Interstate 29 and Main Avenue, one of Fargo's highest traffic areas with over 80,000 vehicles passing daily. Extensively renovated in 2012, the building features modern HVAC systems with I-wave air purification, high-quality interior finishes, custom cabinetry, and a full kitchen. The space is currently occupied by two tenants, providing immediate income (lease and financial details available upon request). The property includes significant signage opportunities (pylon, billboard, and monument) along I-29 and Main Avenue, offering excellent branding potential and additional revenue streams. The building's flexible layout is suitable for various business types. Additional features include a large, fenced patio with upgraded landscaping, a security and sound system, LED parking lot lighting, and potential for additional billboard installation or a secondary structure. The building's construction includes a mix of concrete walls and 2x6 framing with spray foam insulation. The roof, featuring R50 insulation and a tapered Duralast membrane system (partially truss/asphalt shingles and poured concrete), is still under warranty. The permitted zoning is General Commercial (GC). Built in 1969, this property offers a blend of established location and modern updates, making it an attractive option for both investors and owner-occupiers. The asking price is $1,200,000 ($199.67 per square foot).

Property profile

Verified
Property type Retail properties & Spaces
Year built 1969
Total area 6,010 SF
Lot 0.71 ac (30,928 SF)
UPID US56-0108260

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
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center
  • Physician
  • Hair Salon Nail Salon
  • Hair Salon Nail Salon

Location

3535 Main Ave Fargo, ND 58103
Fargo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

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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