23 4Th StGrand Forks, ND 58201

Property Details for 23 4Th St

Year built

1888

Lot size

0.09 AC

Property size (Sq ft)

12,390 SF

Property type

Other commercial real estate

APN

44000100267000

APU

44000100267000

Description

This exceptional opportunity presents the chance to acquire Browning Arts, a well-established art studio and gallery situated in the heart of downtown Grand Forks, North Dakota. Operating successfully since 1981, Browning Arts boasts a loyal clientele, a strong reputation, and consistently positive reviews, ensuring a solid foundation for continued growth. The business offers a comprehensive range of services, including custom picture framing (matting, framing, dry mounting, shrink wrapping, stretcher building), and restoration and repair of artworks and frames. The sale includes all necessary equipment for immediate operation, such as a Frame Square mitre-saw (model 5K 997A), C&H mat cutters (models 789A, 4800A, and 48PRO), Seal Masterpiece heat presses (36” and 24”), a Clearmount shrink wrap system, a Fletcher-Terry glass/board cutter, a Sealector Tacking Iron, a Sears Craftsman bandsaw, a Stanley router, an extensive collection of framing tools, a substantial supply inventory, existing gallery art, and miscellaneous stock. The asking price is $22,500. This turnkey operation presents significant potential for expansion through avenues such as offering classes, broadening retail offerings, or hosting events, making it an attractive investment for art enthusiasts and entrepreneurs seeking a profitable and established business. The studio is located at 23 S 4th St, Grand Forks, ND 58201.

• Alternative Use

  Use

  Valuation

  Residential

  $2,607,394

  Hospitality

  $2,388,360

  Educational

  $1,987,087

  Medical

  $2,055,426

  Retail

  $3,091,024

Location Insight

City

Grand Forks

County

Grand Forks

State

North Dakota

Latitude

47.9239

Longitude

-97.0302

CBSA code

24220

CBSA name

GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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