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222 N Broadway
Fargo, ND 58102
Retail Property For Sale
Investment Highlights
- High Traffic Area - Mixed Use -
Executive Summary
Prime Downtown Fargo Investment Asset - Stabilized Income with Value-Add Potential Strategically located in the heart of Downtown Fargo, this mixed-use commercial property presents a rare opportunity to acquire a stabilized, income-producing asset with additional upside. The building is home to 14 leasable office/retail units.
With a diversified tenant mix and excellent foot traffic, the asset provides immediate cash flow and minimal near-term capital expenditure requirements. The property benefits from its central location within Fargo's most active commercial and cultural corridor, ensuring sustained tenant demand and property appreciation.
An additional value-add opportunity exists in the 2,750 sq ft (approximate) upper-level space facing Roberts Alley, currently unfinished and ideal for an owner-user or future build-to-suit tenant. This space adds flexibility and potential to enhance NOI through a targeted lease-up or owner occupancy strategy.
Investment Highlights:
14 leasable office/retail units with diverse tenant mix
Capital improvements of: New roof, 2 nd floor overhaul (HVAC, Electrical, Sprinklers, Horns/Strobes.
The main level has a new Water heater and updated throughout.
Anchor tenants: Atomic Coffee & Pebble Spa (established and local)
Stabilized cash flow with room for rental growth
2,750 sq ft unfinished space with direct alley frontage - ideal value-add component
Located in the core of Downtown Fargo, a growing, high-demand market
Surrounded by dining, shopping, residential, and hospitality developments
This is a turnkey opportunity for investors seeking a strong-performing asset in a high-growth urban market,
with long-term income security and embedded upside.
With a diversified tenant mix and excellent foot traffic, the asset provides immediate cash flow and minimal near-term capital expenditure requirements. The property benefits from its central location within Fargo's most active commercial and cultural corridor, ensuring sustained tenant demand and property appreciation.
An additional value-add opportunity exists in the 2,750 sq ft (approximate) upper-level space facing Roberts Alley, currently unfinished and ideal for an owner-user or future build-to-suit tenant. This space adds flexibility and potential to enhance NOI through a targeted lease-up or owner occupancy strategy.
Investment Highlights:
14 leasable office/retail units with diverse tenant mix
Capital improvements of: New roof, 2 nd floor overhaul (HVAC, Electrical, Sprinklers, Horns/Strobes.
The main level has a new Water heater and updated throughout.
Anchor tenants: Atomic Coffee & Pebble Spa (established and local)
Stabilized cash flow with room for rental growth
2,750 sq ft unfinished space with direct alley frontage - ideal value-add component
Located in the core of Downtown Fargo, a growing, high-demand market
Surrounded by dining, shopping, residential, and hospitality developments
This is a turnkey opportunity for investors seeking a strong-performing asset in a high-growth urban market,
with long-term income security and embedded upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,818 SF
Building Class
B
Year Built
1949
Price
$2,950,000
Price Per SF
$186.50
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.27
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
DMU - Downtown Mixed Use
Frontage
45’ on Broadway North
Amenities
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 01-2381-00520-000 | Improvements Assessment | $671,000 |
| Land Assessment | $62,500 | Total Assessment | $733,500 |
Property Taxes
Parcel Number
01-2381-00520-000
Land Assessment
$62,500
Improvements Assessment
$671,000
Total Assessment
$733,500
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