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    FOR SALE
    Commercial real estate

    505 3Rd Ave N, Fargo, ND 58102

    22,642 SF Built 1949
    Entity Owned
    Property ID
    US56-0023895
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1949
    Total area 22,642 SF
    UPID US56-0023895
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Legion Advocacy Group Social Service Agency
    • Legacy Ballroom Hotel & Motel Resort
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Dfi Legion LLC
    Dfi Legion LLC
    since 2025
    2 recorded transactions
    2025
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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