1530

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1530

Grand Forks, ND 58201
Asking Price
$980K
Asset Type
Land
Class
Class B

What's Special

Located at 1530 S. Washington Street in Grand Forks, North Dakota, this land parcel is positioned within a primary commercial corridor. The surrounding neighborhood is characterized by a high-traffic mix of retail centers, professional offices, and established residential communities. Notable nearby amenities include various national dining chains and the Altru Health System campus. The site offers direct access to South Washington Street, a major north-south arterial route, and is situated approximately three miles from the Interstate 29 interchange, providing efficient regional connectivity. This site is suited for commercial development, specifically for retail, quick-service restaurants, or small-scale professional office buildings. A typical tenant or owner-user would likely be a business seeking high visibility and significant daily vehicle counts. The location is also appropriate for service-oriented businesses that benefit from being embedded within a dense commercial district. Given the parcel's proximity to residential areas and major thoroughfares, it supports uses that require both local accessibility and regional reach.

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NOI
$80,000
Cap Rate
8.16%
DSCR
1.37
Strong
Cash-on-Cash
7.42%
Monthly Payment
$4,848.505
Annual Cash Flow
$21,817.936

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