Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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