600 Demers AveGrand Forks, ND 58201

  • Commercial real estate
  • 30,127 SF
For Sale

Property Details for 600 Demers Ave

Year built
1973
Lot size
0.93 AC
Property size (Sq ft)
30,127 SF
Property type
Commercial real estate
APN
44280700003000
APU
44280700003000

Description

Apex Tower, a Class B, five-story building in downtown Grand Forks, North Dakota, offers a single-tenant, 3,925-square-foot office space. This executive, medical, or traditional office space is available for lease under a NNN lease agreement. The building underwent renovations in 2024 and is situated on 600 Demers Ave, zip code 58201, within Grand Forks County. The property is zoned B-3. While two smaller spaces were previously available, only this 3,925 square foot space remains. This large office features a striking glass wall entry, a dedicated conference room, and perimeter offices with expansive downtown views. The building's prime location provides convenient walkability to various shops, restaurants, and a grocery store. Common area maintenance (CAM) charges cover utilities. This exceptional opportunity is located in a highly visible and iconic downtown building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,340,030
    Hospitality
    $5,807,434
    Educational
    $4,831,716
    Medical
    $4,997,887
    Retail
    $7,516,004

Location Insight

City
Grand Forks
County
Grand Forks
State
North Dakota
Latitude
47.9227
Longitude
-97.0345
CBSA code
24220
CBSA name
GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,414
$162,000
$940,000
$1,102,000
-
$324,000
$1,880,000
$2,204,000

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