505 3Rd Ave N, Fargo, ND 58102
For Sale
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This exceptional mixed-use property, known as the Legion Building, presents a compelling investment opportunity in the vibrant heart of downtown Fargo, North Dakota. Located at 505 3rd Ave N, this 22,642 square foot building, constructed in 1949, offers significant potential for redevelopment or continued operation. The asking price is $1,100,000, translating to $48.58 per square foot. Its strategic location directly across from the newly constructed RDO Tower, a mixed-use development featuring office space, retail, a hotel, restaurant, and residential condominiums, positions this property for substantial growth. The RDO Tower's presence significantly enhances the area's desirability and economic vitality. This single-building property may qualify for Renaissance Zone or Opportunity Zone tax benefits, offering further financial advantages to the prospective buyer. The property's size and versatile nature make it suitable for a variety of uses, catering to the evolving needs of the downtown Fargo market. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity in a rapidly developing urban core. The property is situated in Cass County, Fargo, ND, zip code 58102.
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American Legion Advocacy Group Social Service Agency
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Legacy Ballroom Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.