2500 S Columbia Rd - Retail FOR SALE


Grand Forks, ND 58201
$1,350,000 USD
701-793-0653
2500 S Columbia Rd, Grand Forks, ND for Sale
$1,350,000 USD
Retail - FOR SALE
1/2
null | 8.65% Cap Rate

2500 S Columbia Rd
Grand Forks, ND 58201


HIGHLIGHTS

  • Long term tenant since 2008 with a stable and growing business. Future rent escalations make this an attractive opportunity.

OVERVIEW

Positioned along one of Grand Forks’ busiest retail corridors, this single-tenant retail center is occupied by Plato’s Closet, a leading national resale franchise with over 500 locations and a proven track record of strong sales, high profitability, and long-term stability. The property is surrounded by anchor tenants Ross Dress for Less, PetSmart, and Harbor Freight, offering strong visibility, stable tenancy, and proximity to major national retailers. Located on South Columbia Road near Columbia Mall and surrounded by popular retailers and restaurants, it benefits from excellent daily traffic counts, strong demographics, and convenient access from multiple points. A new roof was installed in the fall 2025. Neighboring multi-tenant retail center which shares the same parking lot is available for $1,900,000, priced at an attractive 8.72% cap rate.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.65% Cap Rate | Single Tenant Retail

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

Commercial

APN/PARCEL ID

44131800002001

ASK ABOUT THIS PROPERTY

Brian TulibaskiHorizon Real Estate GroupMore Info
701-793-0653

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Brian TulibaskiHorizon Real Estate GroupMore Info
701-793-0653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.