2397 Demers AveGrand Forks, ND 58201

This exceptional 8,000 square foot shopping center, located at 2397 Demers Avenue in Grand Forks, North Dakota, presents a compelling investment opportunity. Built in 1991, this multi-tenant property boasts four established businesses, demonstrating a strong history of occupancy and a diverse tenant mix. The property sits on a 0.84-acre lot (APN 44330700007001) in a high-traffic area, ensuring excellent visibility and accessibility. The asking price is $899,000, representing a price per square foot of $112.38 and a 7.20% capitalization rate, based on a Net Operating Income (NOI) of $64,717. Recent capital improvements have been made by the owners, enhancing the property's value and appeal. This retail center offers a stable income stream and significant potential for future growth, making it an ideal addition to any investment portfolio. The property is situated in Grand Forks County, North Dakota, zip code 58201. This is a prime opportunity to acquire a well-maintained, income-producing retail property in a desirable location. The property's strong tenant occupancy and history of successful operation make it a low-risk, high-reward investment.