Property summary
This exceptional 10,919 square foot retail space, located at 421 Gateway Drive NE in East Grand Forks, Minnesota, presents a unique investment opportunity. Situated on the busy Highway 2 corridor, this single-tenant property offers high visibility and accessibility. Built in 1989 and extensively renovated in 2021, the building boasts a total of 41,658 square feet, providing ample space for a variety of retail or flex uses. The property's layout is highly adaptable, allowing for customization to meet the specific needs of a new tenant. The owner is open to collaborating on tenant improvements, contingent upon the terms of the lease agreement. This property is located in Polk County, Minnesota, zip code 56721, and offers a prime location for businesses seeking high traffic exposure in a thriving community. The building's recent renovation ensures modern amenities and functionality, making it an attractive option for businesses seeking a move-in ready space. The flexible layout and potential for tenant improvement collaboration make this a truly unique opportunity in the East Grand Forks market. This property is ideal for businesses seeking a strong presence on a major thoroughfare.
Property profile
VerifiedCap rate & NOI
Current use
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City Park
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Physician
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Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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