Property profile

926 Central NE Ave East Grand Forks, MN 56721

OFF-MARKET
Drive through restaurants
Property ID
US46-2032413
4,954 SF 1.87 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This prime East Grand Forks, MN commercial property offers a unique investment opportunity. The 4,945 square foot building, formerly a Burger King, sits on an expansive 81,457 square foot lot and is zoned for commercial/industrial use. Built in 2000, the single-story Class B building features ample parking and pylon signage, enhancing its visibility on a high-traffic corner lot at Central Ave NE and 10th St. The property's strategic location near Alerus Center, Ralph Engelstad Arena, and several schools ensures high visibility and foot traffic. With over 15,000 vehicles passing daily, this location offers exceptional potential for various uses, including medical office, QSR, or storefront retail. The asking price is $750,000, translating to $151.67 per square foot for the building and $9.21 per square foot for the land. The property includes existing restaurant equipment. This versatile property presents a compelling opportunity for investors seeking a foothold in a thriving market. The substantial lot size allows for future development, maximizing the return on investment. Don't miss this chance to acquire a well-positioned commercial property in a high-growth area.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2000
Total area 4,954 SF
Lot 1.87 ac (81,501 SF)
APN 83.03821.00
UPID US46-2032413

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

926 Central NE Ave East Grand Forks, MN 56721-1912
East Grand Forks metro Census 20200 GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

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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