Property profile

418 3rd NW St East Grand Forks, MN 56721

OFF-MARKET
Office buildings
Property ID
US46-2032083
3,552 SF 0.18 ac lot Built 1984
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 3,552 square foot executive office space in East Grand Forks, Minnesota, is priced at $674,900 ($190.01/sq ft). Located at 418 3rd St NW, 56721, this property sits on a 7,700 square foot lot and offers unparalleled flexibility. The thoughtfully designed interior can be easily divided into two separate office suites. One potential configuration includes 5 offices, a conference room, copier room, reception/waiting area, and two restrooms. The second area boasts a private entrance, reception/waiting area, 4 offices, 2 conference rooms, a restroom, copier room, and a shared kitchen. The entire space features nine offices, three conference rooms, three restrooms, two reception areas, and ample storage. High-end finishes include solid cherry trim, and the building is equipped with energy-efficient features such as floor heating and central air conditioning. A rooftop patio adds a unique amenity. This premium office space presents a rare opportunity to acquire a versatile and sophisticated property in a desirable location within Polk County. The building's design and features cater to a variety of business needs, making it an ideal investment for discerning buyers.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1984
Total area 3,552 SF
Lot 0.18 ac (7,710 SF)
APN 83.04379.00
UPID US46-2032083

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
  • Law Firm
  • Law Firm
  • Law Firm

Location

418 3rd NW St East Grand Forks, MN 56721-1713
East Grand Forks metro Census 20200 GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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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