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670 4th Ave N - St. Mark's Lutheran Church

25,000 SF Specialty Building Offered at $7,394,400 CAD at a 7.40% Cap Rate in Fargo, ND 58102

Churches & Religious Facilities North Dakota Fargo 670 4th Ave N, Fargo, ND 58102

Executive Summary

This property is a beautiful venue that is leased by the Sanctuary Event Center. With great parking along with a fantastic venue the Sanctuary stays busy with weddings, concerts and events of all sorts. This has a long-term lease in place with annual increases in rent. There are an additional 58 spaces that could be rented out for $75.00 per month. *Opportunity Zone tax benefits may apply.

Attachments

670 4th Avenue N - Sale - St Marks

Property Facts

Price $7,394,400 CAD Building Class B
Price Per SF $296 CAD Lot Size 1.13 AC
Sale Type Investment Building Size 25,000 SF
Cap Rate 7.40% No. Stories 2
Property Type Specialty Year Built/Renovated 1912/2016
Property Subtype Religious Facility Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $7,394,400 CAD
Price Per SF $296 CAD
Sale Type Investment
Cap Rate 7.40%
Property Type Specialty
Property Subtype Religious Facility
Building Class B
Lot Size 1.13 AC
Building Size 25,000 SF
No. Stories 2
Year Built/Renovated 1912/2016
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (73)
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PROPERTY TAXES

Parcel Number 01-0450-00100-000 Improvements Assessment $1,508,753 CAD
Land Assessment $133,144 CAD Total Assessment $1,641,897 CAD

PROPERTY TAXES

Parcel Number
01-0450-00100-000
Land Assessment
$133,144 CAD
Improvements Assessment
$1,508,753 CAD
Total Assessment
$1,641,897 CAD
(701) 200-7691

Contacts

  • Listing ID: 32306965

  • Date on Market: 2024-07-01

  • Last Updated:

  • Address: 670 4th Ave N, Fargo, ND 58102

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670 4th Ave N - St. Mark's Lutheran Church
(701) 200-7691 x

670 4th Ave N - St. Mark's Lutheran Church

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Matt Olson

(701) 200-7691

(701) 200-7691

Justin Gustofson

(701) 499-3875

(701) 499-3875

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