930 3Rd StGrand Forks, ND 58203

Property Details for 930 3Rd St

Year built

1930

Lot size

0.62 AC

Property type

Office properties

Property subtype

Office buildings

APN

44230100191003

APU

44230100191003

Description

This exceptional mixed-use commercial building, located at 930 N 3rd St in Grand Forks, North Dakota, presents a unique investment opportunity. Boasting 27,000 square feet on a 0.62-acre lot, this single-story building, constructed in 1930 and renovated in 1998, offers substantial space for a variety of business ventures. The property features over fifteen offices, a well-equipped kitchen, and ample meeting room space, making it ideal for a large office or a multi-tenant setup. Convenient access to Washington St and Gateway Dr ensures excellent visibility and accessibility. The building's versatility is further enhanced by a finished basement and elevator access, allowing for flexible configurations to suit diverse needs. Multiple storage options are available, including a secure garage area accessible via overhead doors. Ample parking is provided both in the front and rear of the building. The asking price is $675,000, representing a compelling opportunity for owner-users seeking a substantial and adaptable workspace in a prime Grand Forks location. This property offers a blend of historical charm and modern functionality, making it an attractive investment for discerning buyers. The building's layout and features allow for subdivision, catering to multiple tenants or a single large operation. The secure garage and ample parking add to the overall appeal and practicality of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,964,090

  6.5%

  $4,582,237

  7%

  $4,254,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,378,080

  Geo Method

  $1,378,080

• Alternative Use

  Use

  Valuation

  Residential

  $5,681,974

  Hospitality

  $5,204,658

  Educational

  $4,330,214

  Medical

  $4,479,136

  Retail

  $6,735,888

Location Insight

City

Grand Forks

County

Grand Forks

State

North Dakota

Latitude

47.9326

Longitude

-97.0427

CBSA code

24220

CBSA name

GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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