1530 55Th StGrand Forks, ND 58203

Property Details for 1530 55Th St

Lot size

3.95 AC

Property type

Land

Property subtype

Commercial land

APN

44233700001000

APU

44233700001000

Description

This exceptional 3.95-acre commercial land parcel presents a unique investment opportunity in Grand Forks, North Dakota. Located at 1530 55th St N, this property boasts a highly desirable B3 zoning designation, offering considerable flexibility for a wide range of commercial developments. The lot's strategic position near the intersection of Gateway Drive and 55th St N ensures exceptional visibility and accessibility. Traffic counts are substantial, with 16,010 vehicles daily on Highway 2 at 55th Street and 3,985 vehicles daily on 55th Street at Highway 2, guaranteeing high exposure for any business established here. The surrounding area is anchored by established businesses including Walmart, RDO, Rydell Auto Outlet, and Budget RV, creating a strong commercial environment and attracting significant consumer traffic. The asking price is $1,032,372, translating to $6 per square foot. This represents a compelling value proposition given the property's prime location, high traffic counts, and the potential for significant return on investment. The property's size and zoning make it suitable for a variety of commercial uses, presenting a rare opportunity for developers and investors seeking a strategic foothold in a thriving North Dakota market. The zip code is 58203, and the property is situated in Grand Forks County.

• Alternative Use

  Use

  Valuation

  Residential

  $36,209,324

  Hospitality

  $33,167,546

  Educational

  $27,595,008

  Medical

  $28,544,044

  Retail

  $42,925,568

Location Insight

City

Grand Forks

County

Grand Forks

State

North Dakota

Latitude

47.9348

Longitude

-97.1088

CBSA code

24220

CBSA name

GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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