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1800 Main Ave E
West Fargo, ND 58078
Industrial Property For Sale
Investment Highlights
- Multi-tenant industrial property with diversified income sources.
- Majority of industrial leases are month-to-month.
- Convenient access to 45th Street and Interstate 29.
- Approximately 4.59 acres with nearly two acres of excess land.
- Direct frontage on Main Avenue with strong visibility.
- Heavy Commercial zoning supports a variety of commercial uses.
Executive Summary
1800 Main Avenue presents an opportunity to acquire a multi-tenant industrial asset positioned along one of the Fargo-West Fargo region's primary commercial corridors. The property encompasses approximately 34,220 square feet across three industrial buildings and six detached garage units on approximately 4.59 acres, creating a diversified income stream from industrial, office, residential, garage, and outdoor storage uses. Current annual income is reported at approximately $202,740, with additional upside through lease repositioning and rental growth.
The property benefits from a long operating history under the same ownership group and maintains strong occupancy with a stable tenant roster. Most industrial tenants operate under month-to-month lease structures, providing ownership with flexibility to adjust rents and improve income performance over time. Existing rental rates are reportedly below current market levels, offering value-add potential through lease restructuring and operational optimization.
The property benefits from a long operating history under the same ownership group and maintains strong occupancy with a stable tenant roster. Most industrial tenants operate under month-to-month lease structures, providing ownership with flexibility to adjust rents and improve income performance over time. Existing rental rates are reportedly below current market levels, offering value-add potential through lease restructuring and operational optimization.
Property Facts
| Sale Type | Investment | Rentable Building Area | 34,220 SF |
| Cap Rate | 8.59% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1985 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 16 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 4.59 AC | ||
| Zoning | HC - Heavy Commercial | ||
| Sale Type | Investment |
| Cap Rate | 8.59% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.59 AC |
| Rentable Building Area | 34,220 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| No. Drive In / Grade-Level Doors | 16 |
| Opportunity Zone |
Yes |
| Zoning | HC - Heavy Commercial |
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Backup Power / Generators
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Property Taxes
| Parcel Number | 02-1460-00120-000 | Improvements Assessment | $609,069 CAD |
| Land Assessment | $567,169 CAD | Total Assessment | $1,176,238 CAD |
Property Taxes
Parcel Number
02-1460-00120-000
Land Assessment
$567,169 CAD
Improvements Assessment
$609,069 CAD
Total Assessment
$1,176,238 CAD
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