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    Property profile & analytics

    926 Central NE Ave East Grand Forks, MN 56721-1912

    • Drive through restaurants
    • 4,954 SF
    • 1.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2032413
    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

    • Drive through restaurants

    Property Details for 926 Central NE Ave

    Year built
    2000
    Lot size
    1.87 lot acres
    Property size
    4,954 SF
    Property type
    Drive through restaurants
    APN
    83.03821.00
    APU
    830382100

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Grand Forks
    County
    Polk
    State
    Minnesota
    Longitude
    -97.0193
    Latitude
    47.9341
    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
    $15,394
    $194,700
    $752,600
    $947,300
    -
    $194,700
    $752,600
    $947,300

    Comparable in this City

    • Value Estimation
      $335,000
      2,854 SF

      1412 Central NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,854 SF
      1412 Central NE Ave, East Grand Forks, MN 56721-1605
      View Details
    • Value Estimation by Request
      3,866 SF

      1212 Central NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,866 SF
      1212 Central NE Ave, East Grand Forks, MN 56721-1603
      View Details
    • Value Estimation
      $420,000
      4,620 SF

      300 3rd NE Ave

      RESTAURANT • 4,620 SF
      300 3rd NE Ave, East Grand Forks, MN 56721-2443
      View Details
    • Value Estimation by Request
      10,000 SF

      227 10th NW St

      BAR, TAVERN • 10,000 SF
      227 10th NW St, East Grand Forks, MN 56721-1505
      View Details
    • Value Estimation by Request
      6,648 SF

      507 2nd NW St

      RESTAURANT • 6,648 SF
      507 2nd NW St, East Grand Forks, MN 56721-1798
      View Details
    • Value Estimation
      $275,000
      8,000 SF

      302 Demers Ave

      RESTAURANT • 8,000 SF
      302 Demers Ave, East Grand Forks, MN 56721-1816
      View Details
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    926 Central NE Ave
    East Grand Forks, MN 56721-1912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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