$1,995,000
SOLD MAY 30, 2025
Last list price
-- Bed
-- Bath
13,725 Sq Ft
0.56 Acres

Recently Sold

$145 Per Sq Ft

121 Days on Market

Highlights

  • 0.56 Acre Lot
  • Forced Air Heating and Cooling System
  • 5-minute walk to Jefferson West Park
  • Accessible Entrance

About This Home

As of May 2025

Fully occupied multi-tenant building located on Main Avenue near the heart of downtown Fargo. Very established long term tenants and leases in place. Several building updates including a new roof, sprinkler system, HVAC, new dryvit and paint on the exterior, ADA bathroom, and more! Large pylon sign facing Main Ave with 20,000+ vehicles that pass by it daily! Great long term investment property!

Last Agent to Sell the Property

Jeremy Horst

CORE Property Group Listed on: 01/29/2025

Last Buyer's Agent

Jeremy Horst

CORE Property Group Listed on: 01/29/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,795

Year Built

  • Built in 1959

Lot Details

  • 0.56 Acre Lot
  • Property is zoned Business/Commercial

Parking

  • 1 Car Garage
  • Parking Lot

Home Design

  • 13,725 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Stucco

Additional Features

  • Accessible Entrance
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units
  • Arnesons Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01006000042010

Property Details

Property Type

Other

Est. Annual Taxes

$5,795

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Commercial
  • Lot Size Acres: 0.56
  • Lot Size: 0
  • Inclusions: Building, Land
  • Subdivision Name: Arnesons
  • Year Built: 1959
  • General Property Information:Acres: 0.56
  • Exterior BrickStone: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Possible Use: Income
  • Accessibility Features: Accessible Entrance

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Parking Lot

Utilities

  • Cooling: Central
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: City Sewer - In Street, City Sewer/Connected
  • Utilities: Heating Separate
  • Water Source: City Water - In Street
  • Heating Fuel:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Current Use: Commercial
  • Lot Size Sq Ft: 24393.6
  • Parcel #: 01006000042010
  • Zoning: Business/Commercial

Tax Info

  • Tax Annual Amount: 5794.65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2025
Closed on
May 29, 2025
Sold by
Horst Properties Llc
Bought by
Larson Gregory R and Smith Bryan J
Seller's Agent
Jeremy Horst
CORE Property Group
Buyer's Agent
Jeremy Horst
CORE Property Group
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Views
26

Purchase Details

Closed on
Apr 10, 2014
Sold by
Pladson William S
Bought by
Icon Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2008
Sold by
Dahlin William G and Dahlin Rachel
Bought by
Pladson William S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,840
Interest Rate
6.66%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,800,000 The Title Company
Quit Claim Deed -- The Title Company
Warranty Deed $730,000 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $800,000 Commercial
Previous Owner $685,000 Commercial
Previous Owner $30,000 Commercial
Previous Owner $584,000 Commercial
Previous Owner $700,840 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Pending -- -- --
05/30/2025 05/30/25 Sold -- -- --
01/29/2025 01/29/25 For Sale $1,995,000 -- $145 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,795 $632,400 $55,000 $577,400
2023 $20,042 $632,400 $55,000 $577,400
2022 $17,250 $527,000 $55,000 $472,000
2021 $16,640 $527,000 $55,000 $472,000
2020 $15,997 $512,000 $55,000 $457,000
2019 $16,002 $512,000 $55,000 $457,000
2018 $15,832 $512,000 $55,000 $457,000
2017 $15,759 $521,900 $43,000 $478,900
2016 $14,532 $521,900 $43,000 $478,900
2015 $14,373 $483,250 $43,000 $440,250
2014 $13,947 $455,900 $43,000 $412,900
2013 $13,110 $442,600 $43,000 $399,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 6654699

APN: 01-0060-00042-010