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474 45th St S, Fargo, ND
Property Details
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228 Broadway N, Fargo, ND 58102

$2,375,500
Property Type: Commercial For Sale Lot Size (sq. ft.): 4,200 Status: Active
Current Price: $2,375,500 List Date: 2/03/2025 Last Modified: 9/03/2025

Description

10-Year NNN Lease: Secured investment with a prosperous tenant. Cap Rate: 8% Established Business: , Tenant owns Boss' Pizza and Chicken Franchise. Diverse Income Streams: Includes 8 fully-occupied multifamily units. Capital Improvements: $1.2 million invested in the past 4 years, including: Replacement of the main water line. New restroom facilities. Complete interior renovation

Supplements: down to the studs, with all new electrical, plumbing, and HVAC systems. New fire suppression system. Roof enhancements with new HVAC and kitchen exhaust systems on engineered I-beams. Professional commercial kitchen installed in 2021. Permits and Inspections: All work was properly permitted, engineered, and passed inspections by the City of Fargo. Location: Situated between two of the busiest sidewalks in North Dakota. Across the street from the $100 million RDO building. This meticulously upgraded property offers a prime investment opportunity with a strong tenant, multiple income streams, and a strategic location. Don't miss your chance to own this exceptional commercial property in Fargo, ND!

More Information MLS# 25-95

Contract Information

Property Name: 228 Broadway N Auction YN: No Owner/Agent: No Current Price: $2,375,500 Begin Date: 2025-01-27 Price: 2375500

General, Tax & Legal

Building Size (SF): 9312 Taxes: 18534.8 Spec Inst: 721.35 Spec Unpd: 8130.7 Drain: 0

Type

Investment Property: 1 Multi-Family: 1 Retail: 1

Exterior

Brick: 1

Roof

Flat: 1

Office/Retail Info

Kitchen: 1 # Floors: 3

Multi-Family Info

# Rental Units: 8

Heat System

Forced Air: 1

Air Conditioning

Central: 1

Location

Address #: 228 Street Name: Broadway Street Suffix: -- Street Direction Sfx: N County: Cass State/Province: ND Postal Code: 58102

General Tax Legal

Parcel No.: 01-2460-00020-000 Year Built: 1900 Lot Size (SF): 4200 Lot Acres: 0.1

Status Change Info

Status: Active

Property Features

Type: Investment Property; Multi-Family; Retail Exterior: Brick Roof: Flat Heat System: Forced Air Air Conditioning: Central
Listing Office: Brokers Commercial Property, LLC
IDX
Office Email: dan@brokers-commercial.com
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.