Grand Forks, ND
Commercial Real Estate Market Trends & Data

$232 Avg asking sale price
$73,275 Avg asking lease rate
86,374 SF Avg unit lease size
57,091 SF Avg building size for sale
7.12% Average cap rate

Grand Forks's Demographic Profile

Grand Forks has 24,121 households and a median income of $58,843, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 56,206
# Households 24,121
Median age 31
Median household income $58,843
Avg household size 2.0
Renter-occupied housing units 13,409
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Grand Forks, ND

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Grand Forks $336 11,242 SF 6.70%
West Fargo $197 45,980 SF 7.01%
Nearby Retail Markets Avg Cost/SF Typical Size
Grand Forks $292 110,262 SF
East Grand Forks $309 416,874 SF
Grand Forks Afb $145 9,026 SF
Emerado $145 9,026 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Fargo $111 28,911 SF 6.25%
Moorhead $111 28,911 SF 6.25%

Commercial Properties For Sale in Grand Forks

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

6000 S Washington St

Grand Forks, ND 58201

  • 13 AC Lot
  • 1 Commercial Lot
  • $7,361,640
For Sale

Aspen Shops | New 10-Yr Extension

Grand Forks, ND 58201

  • 9,645 SF Retail Building
  • 6.70% Cap Rate
  • $4,094,000
For Sale

1155 40th Ave S

Grand Forks, ND 58201

  • 8,065 SF Sports & Entertainment
  • $2,450,000
For Sale

4 Property Cabela's/Bass Pro Portfolio

  • Retail Building
  • 6.00% Cap Rate
  • $128,856,975
For Sale

8.65% Cap Rate | Single Tenant Retail

Grand Forks, ND 58201

  • 10,620 SF Retail Building
  • 8.65% Cap Rate
  • $1,350,000
For Sale

Columbia Commons

Grand Forks, ND 58201

  • 7,902 SF Retail Building
  • $2,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Grand Forks pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Grand Forks $232 57,091 SF
East Grand Forks $201 213,475 SF
Grand Forks Afb $145 9,026 SF
Emerado $145 9,026 SF
Minto $11 78,000 SF

Regional Demographic Comparison

This comparison places Grand Forks alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Grand Forks or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
East Grand Forks 8,485 3,326 36 $69,598 2 1,176 -4%
Grand Forks Afb 1,704 501 25 $68,044 3 498 -6%
Emerado 429 174 42 $108,928 3 35 -2%
Minto 428 176 45 $67,000 2 23 -7%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Grand Forks, ND and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Grand Forks

View All Commercial Real Estate For Sale in Grand Forks
Is Grand Forks a good market for a first-time commercial real estate investor?

Grand Forks offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Grand Forks?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Grand Forks. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Grand Forks?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Grand Forks. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Grand Forks compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Grand Forks. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Grand Forks acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Grand Forks, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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