5450 Gateway DrGrand Forks, ND 58203

  • Land
  • 2.06 AC
For Sale
$807,602 View listing

Property Details for 5450 Gateway Dr

Lot size
2.06 AC
Property type
Land
Property subtype
Commercial land
APN
44233700004000
APU
44233700004000

Description

This exceptional commercial and industrial land offering encompasses 20.93 acres strategically located in Grand Forks, North Dakota. The property consists of five parcels, conveniently situated near the intersection of US Highway 2 and I-29, providing unparalleled access to major transportation routes. The land is zoned for both B3 General Business and I2 Heavy Industrial uses, offering significant flexibility for a wide range of development projects. The location boasts high visibility and proximity to numerous established businesses, including Walmart, Wallwork Truck Center, RDO Truck Center, Budget RV, True North Equipment, Structural Materials, AirGas, Northwest Tire, Strata Corp., Hebron Brick, Simonson Travel Center, and Stamart Travel Center. The seller is willing to subdivide the property to accommodate individual buyer needs. This presents a unique opportunity for investors and developers seeking a substantial land holding in a thriving commercial and industrial area. The property's APN numbers are 44-2337-00004-000, 44-2337-00003-000, 44-2337-00001-000, 44-2337-00002-000, and 13-6303-00001-002. The land value ranges from $3 to $9 per square foot. Addresses associated with the parcels include 5450 Gateway Drive, 5370 Myron Avenue Lot 3, 1530 N 55th Street Lot 1, and 5380 Myron Avenue Lot 2, all within the 58203 zip code of Grand Forks County, North Dakota.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $18,891,930
    Hospitality
    $17,304,908
    Educational
    $14,397,480
    Medical
    $14,892,631
    Retail
    $22,396,080
5450 Gateway Dr, Grand Forks, North Dakota

Location Insight

City
Grand Forks
County
Grand Forks
State
North Dakota
Latitude
47.9337
Longitude
-97.1089
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
$16,073
$179,500
-
$179,500
-
$359,000
-
$359,000

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