6899 Gateway Drive

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6899 Gateway Drive

Grand Forks, ND 58203
Asking Price
$715K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel available for acquisition in Grand Forks
  • Total asking price for the property is $714,900
  • Strategically situated at 6899 Gateway Drive within North Dakota
  • Located in a regional hub with consistent commercial activity
  • Zoned for versatile commercial and professional development use

What's Special

Priced at $714,900, this commercial land parcel occupies a strategic position at 6899 Gateway Drive in Grand Forks, North Dakota. The site provides a flexible canvas for developers looking to establish a presence within this growing regional hub. Grand Forks serves as a vital economic center for the Red River Valley, anchored by diverse sectors including education, healthcare, and manufacturing. The local infrastructure supports consistent commercial activity and provides access to key transportation corridors serving the broader metro area. Given the commercial designation of this property, the site is well-suited for a range of professional or industrial development projects. Investors and business owners can leverage the location to capture demand from the surrounding community and transient traffic. The parcel offers proximity to established local services while providing the necessary space to execute custom facility designs tailored to specific operational requirements. Whether planning for retail, service-oriented business, or light industrial use, this Gateway Drive address offers a functional footprint in an active market.

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NOI
$80,000
Cap Rate
11.19%
DSCR
1.88
Strong
Cash-on-Cash
17.51%
Monthly Payment
$3,536.935
Annual Cash Flow
$37,556.778

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