122 BroadwayFargo, ND 58102

Property Details for 122 Broadway

Year built

1911

Lot size

0.16 AC

Property size (Sq ft)

13,250 SF

Zone code

DMU

Property type

Retail properties

Property subtype

Retail space

APN

01-2381-00320-000

APU

1238100320000

Description

This exceptional commercial property, located at 122 Broadway N in Fargo, North Dakota, offers a unique opportunity for businesses seeking prime downtown space. The Merchants Bank building, originally constructed in 1921, has undergone significant renovations, showcasing a blend of historic charm and modern functionality. Currently, two spaces are available, ranging from 2,940 to 4,187 square feet, suitable for a variety of uses including traditional office, creative office, or coworking spaces. One space, adjacent to Chase Bank on 2nd Avenue, is particularly well-suited for retail or restaurant concepts and could feature a new storefront entrance directly onto 2nd Avenue North. The building's location is highly desirable, situated directly across from Broadway Square in a vibrant, walkable area. This prime location boasts a Walkscore of 95 and a BikeScore of 97, providing exceptional accessibility and convenience for employees and customers. The property is classified as Retail and Office, with multiple tenancy options available within Cass County. This is a rare chance to secure a space in a landmark building within a thriving downtown Fargo environment. The property's rich history combined with its modern updates makes it an ideal location for businesses seeking a unique and advantageous address.

• CAP approach

  CAP return

  Valuation

  6%

  $3,581,039

  6.5%

  $3,305,575

  7%

  $3,069,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,704,226

  Geo Method

  $1,704,226

• Alternative Use

  Use

  Valuation

  Residential

  $2,788,376

  Hospitality

  $2,554,137

  Educational

  $2,125,012

  Medical

  $2,198,095

  Retail

  $3,305,575

Location Insight

City

Fargo

County

Cass

State

North Dakota

Latitude

46.8778

Longitude

-96.7882

CBSA code

22020

CBSA name

FARGO, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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