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122 Broadway N

15,899 SF Retail Building Fargo, ND 58102 £2,962,462 (£186/SF) 7.60% Net Initial Yield

EXECUTIVE SUMMARY

The Merchants Bank building was constructed in 1911 and has undergone extensive renovation to modernize the space and prepare it for its next role in downtown Fargo’s history. Chase Bank occupies half of the first floor and there is available space for a retail or restaurant concept. Second floor is fully leased to Emerging Prairie. As Fargo’s Central Business District, downtown Fargo is home to nearly 20,000 jobs. *Opportunity Zone tax benefits may apply.

ATTACHMENTS

Sale Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,899 SF
Building Class
B
Year Built
1911
Price
£2,962,462
Price Per SF
£186
Net Initial Yield
7.60%
NOI
£225,147
Tenancy
Single
Number of Floors
2
Building FAR
2.28
Lot Size
0.16 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • B002
  • 4,187 SF
  • Retail
  • -
  • 30 Days
122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Floor Plan
  • 101
  • 2,940 SF
  • Retail
  • -
  • 30 Days
122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Floor Plan

The Merchants Bank building was constructed in 1921 and has undergone extensive renovation to accommodate Chase Bank and prepare it for its next role in downtown Fargo’s history. Approximately 2,940 SF adjacent to Chase Bank on 2nd Avenue is available for a retail or restaurant concept. Space can have a new storefront entrance off of 2nd Avenue N. This property is located just across the street from Broadway Square. This location is considered a Walker’s Paradise, with a Walkscore® of 95 and BikeScore® of 97.

Space Size Space Use Position Available
B002 4,187 SF Retail - 30 Days
101 2,940 SF Retail - 30 Days

B002

Size
4,187 SF
Space Use
Retail
Position
-
Available
30 Days

101

Size
2,940 SF
Space Use
Retail
Position
-
Available
30 Days
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Ste B002

B002

122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Floor Plan
Size 4,187 SF
Space Use Retail
Position -
Available 30 Days

1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Ste 101

101

122 Broadway N, Fargo, ND for sale Floor Plan- Image 1 of 1
Floor Plan
Size 2,940 SF
Space Use Retail
Position -
Available 30 Days

The Merchants Bank building was constructed in 1921 and has undergone extensive renovation to accommodate Chase Bank and prepare it for its next role in downtown Fargo’s history. Approximately 2,940 SF adjacent to Chase Bank on 2nd Avenue is available for a retail or restaurant concept. Space can have a new storefront entrance off of 2nd Avenue N. This property is located just across the street from Broadway Square. This location is considered a Walker’s Paradise, with a Walkscore® of 95 and BikeScore® of 97.

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122 Broadway N, Fargo, ND - AERIAL map view
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Chase Bank
Pure Barre
US Bank
Bank of Montreal
Wells Fargo Home Mortgage
The YMCA
Family Fare Supermarket
American Federal Bank
Country Kitchen

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-1520-00740-000
  • 01-2381-00320-000
 Improvements Assessment £873,708
Land Assessment £97,821 Total Assessment £971,529

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-1520-00740-000
  • 01-2381-00320-000
Land Assessment
£97,821
Improvements Assessment
£873,708
Total Assessment
£971,529
(701) 200-7691

CONTACTS

  • Listing ID: 32335864

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 122 Broadway N, Fargo, ND 58102

The Downtown Fargo Retail Property at 122 Broadway N, Fargo, ND 58102 is currently available. Contact Property Resources Group for more information.

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VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP
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122 Broadway N, Fargo, ND for sale Building Photo- Image 1 of 4
Building Photo
122 Broadway N, Fargo, ND for sale Aerial- Image 2 of 4
Aerial
122 Broadway N, Fargo, ND for sale Floor Plan- Image 3 of 4
Floor Plan

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122 Broadway N
(701) 200-7691 x

122 Broadway N

1/2

Matt Olson

(701) 200-7691

(701) 200-7691

Justin Gustofson

(701) 499-3875

(701) 499-3875

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