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122 Broadway N
Fargo, ND 58102
Retail Property For Sale
Investment Highlights
- Historic building constructed in 1921 and fully renovated for modern use.
- Two retail spaces available, including a ground-floor suite with potential for a new storefront entrance.
- Convenient public parking nearby with free short-term and evening options.
- Prime downtown Fargo location across from Broadway Square.
- High pedestrian and bike accessibility with Walk Score of 95 and Bike Score of 97.
- Surrounded by a growing residential base and active commercial district.
Executive Summary
The Merchants Bank building presents a distinctive office leasing opportunity in the heart of downtown Fargo. Originally constructed in 1921, this historic property has been extensively renovated to accommodate modern office users while maintaining its architectural character. Suite 201 offers approximately 5,858 SF of office space located above Chase Bank on 2nd Avenue North, providing a functional layout with open work areas, private offices, and collaborative spaces.
Positioned directly across from Broadway Square, the property benefits from a highly walkable location with a Walk Score of 95 and a Bike Score of 97. Tenants will enjoy proximity to downtown amenities, including dining, retail, and entertainment options, as well as convenient access to public parking facilities offering free short-term and evening parking. The space features contemporary finishes, exposed ductwork, and abundant natural light, creating an inviting environment for creative and professional users alike.
This location places businesses within a vibrant urban setting, supported by strong residential growth and a dynamic mix of commercial activity.
Positioned directly across from Broadway Square, the property benefits from a highly walkable location with a Walk Score of 95 and a Bike Score of 97. Tenants will enjoy proximity to downtown amenities, including dining, retail, and entertainment options, as well as convenient access to public parking facilities offering free short-term and evening parking. The space features contemporary finishes, exposed ductwork, and abundant natural light, creating an inviting environment for creative and professional users alike.
This location places businesses within a vibrant urban setting, supported by strong residential growth and a dynamic mix of commercial activity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
18,210 SF
Building Class
B
Year Built
1911
Price
$3,150,000
Price Per SF
$172.98
Cap Rate
2.25%
NOI
$70,781
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.61
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C
Property Taxes
| Parcel Number | 01-2381-00320-000 | Improvements Assessment | $0 |
| Land Assessment | $61,500 | Total Assessment | $61,500 |
Property Taxes
Parcel Number
01-2381-00320-000
Land Assessment
$61,500
Improvements Assessment
$0
Total Assessment
$61,500
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