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Property profile & analytics

701 Demers Ave Grand Forks, ND 58201-4506

  • Commercial real estate
  • 6,085 SF
  • 0.77 lot acres
OFF-MARKET
Last Sale
Apr 09, 2021
Value Estimations
$565,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US56-0728132
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Wesley Anderson / Physician
  • Kirk Hayes / Physician
  • RehabAuthority - Grand Forks / Medical Clinic

Property Details for 701 Demers Ave

Year built
1995
Lot size
0.77 lot acres
Property size
6,085 SF
Property type
Commercial real estate
APN
44141100001000
APU
44141100001000

Description

701 Demers Avenue presents a unique opportunity to lease exceptional office space in the heart of Grand Forks, North Dakota. This single-tenant property, built in 1995, offers a versatile layout suitable for a variety of businesses, including traditional office, coworking, executive office, medical office, or creative office uses. Its location in a high-traffic area of downtown Grand Forks ensures excellent visibility and accessibility for clients and employees. The building boasts a modern design and is equipped with advanced amenities to support business operations. These include a generator backup system for reliable power, comprehensive fire suppression systems for safety, and robust large-scale power systems to accommodate diverse technological needs. The open floor plan provides flexibility for customization, allowing businesses to configure the space to perfectly match their specific requirements, whether a small startup or a well-established company. This property is situated in Grand Forks County, North Dakota, with the full address being 701 Demers Ave, Grand Forks, ND 58201. The property is classified as Retail, Office, and Special Purpose. This is an exceptional opportunity to establish a thriving business in a vibrant urban environment.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $365,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $645,000
    6.5%
    $595,000
    7%
    $550,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $507,000
    Market price range: $167k - $508k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Grand Forks
County
Grand Forks
State
North Dakota
Longitude
-97.0349
Latitude
47.9218
CBSA code
24220
CBSA name
GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,079
$168,000
$256,000
$424,000
-
$336,000
$512,000
$848,000
More about this property
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